Enhancing beneficial ownership data collection and use in Nigeria
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Summary
Nigeria has demonstrated exceptional leadership in corporate transparency by becoming the first country in Africa to establish a comprehensive, publicly accessible, and free Beneficial Ownership Register, following the establishment of a legal framework through the Companies and Allied Matters Act 2020. This report provides a comprehensive assessment of Nigeria’s beneficial ownership transparency implementation. It identifies strategic opportunities for enhancement, and offers actionable recommendations to institutionalise current gains, strengthen data integrity, and maximise the register’s impact on anti-corruption and governance efforts.
