We are taking steps to ensure transparency of the ownership and control of all companies involved in property purchase and public contracting. Nigeria is already collating this information through the Extractive Industry Initiative process and would extend it to other sectors.
Themes: Beneficial ownership
Last updated: October 2018
Concrete: Somewhat Concrete | New: New | Ambitious: Ambitious
COMPANIES AND ALLIED MATTERS ACT, 2017
October 2018 update: The Corporate affairs commission has reviewed the entire Corporate and Allied Matters Act (CAMA) with a provision to incorporate not only the oil and gas sector in beneficial ownership disclosure but also all public and private sector players. This bill has been submitted to the legal drafting committee under the office of the attorney general of the federation in August 2017. However, despite the road map for establishing the beneficial ownership disclosure in the oil and gas sector as established by NEITI, there is no clear responsibility on who should establish the roadmap and implement this in other sectors.
June 2018 update: The Bureau of Public Procurement (BPP), has concluded plans to launch a citizen engagement portal that will feed interested persons with updates on government-approved projects. We are yet to see concrete results.