Nigeria's Economic and Financial Crime Commission (EFCC) uses beneficial ownership (BO) analysis to trace NGN 2.2 billion in assets to a senior official through a network of shell companies

Nigeria's EFCC investigated a case in which BO analysis of the Corporate Affairs Commission register revealed that multiple shell companies were ultimately controlled by a senior federal ministry official. Forensic analysis enabled asset tracing; the EFCC secured forfeiture orders on assets worth over NGN 2.2 billion (approx. USD 5 million) across educational, hospitality, and manufacturing assets, repurposed for community benefit.

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