Discover and read the best of Twitter Threads about #BeneficialOwnershipNG
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@NigeriaGov loses about $8.3bn to illegal movements of funds between countries annually - an amount that could potentially create over 200,000 new jobs.
Did you know?
Most of these looting are done via anonymous shell companies & #BeneficialOwnership loopholes.
THREAD!
Did you know?
Most of these looting are done via anonymous shell companies & #BeneficialOwnership loopholes.
THREAD!
A beneficial owner is an individual or group of individuals who ultimately benefits from a company directly or indirectly; but whose identities are often hidden from the public & govt authorities through a complex web of ownership arrangements.
#FixOurOil
Explainer👇
#FixOurOil
Explainer👇
The likes of Gen. Sani Abacha, Diezani Madueke and other former public officials have looted funds through the complex network of companies in which they had hidden beneficial ownership.
