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Automatic Exchange of Information

We commit to joining the pilot initiative for automatic exchange of beneficial information.

Country: Nigeria

Status: inactive

Themes: Beneficial ownership

Last updated: October 2018


Concrete: Concrete | New: New | Ambitious: Somewhat Ambitious


October 2018 update: Nigeria has signed agreements with a number of nations, which provide for the Automatic Exchange of Information (AEI). These agreements allow the exchange of information between tax authorities of different countries and about financial accounts and investments to help stop tax evasion. Countries who are party to this agreement include Switzerland, Panama, the Bahamas and other tax havens.There is no proof that this collaboration would result in greater clarity on the beneficial ownership in key sectors on Nigerian economy. The continued suspension of Nigeria from the EGMONT group makes sharing of sensitive legal and financial data with international partners difficult.

Nigeria's Commitments
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