FG to make names of company owners public

Boss Mustapha
Boss Mustapha

By Omotilewa Quadri 

The Secretary to the Government of the Federation (SGF), Boss Mustapha, has said that the Federal Government will soon make dossier of persons with significant control over incorporated companies available to the public in order to stop secret ownership of companies and property in the country.

Mustapha, who disclosed this in Abuja on Monday during the opening ceremony of Open Government Partnership week, said the move is to make investigation of individuals involved in companies used for acts of corruption easier.

“For the first time in Nigeria, secret ownership of companies and properties will be history when a public register of beneficial owners of companies will become open and operational.

“Government has also received assurances from the Corporate Affairs Commission (CAC) that in the immediate future, necessary dossier of persons with significant control over incorporated companies will be generated and made available on demand.

“With all these complimentary efforts in place, I am confident that investigation of individuals involved in companies used for acts of corruption will become easier,” he said.

Mustapha disclosed that in the next two weeks, the upgraded website of his office will go live.

He said this window would be linked to the websites of all MDAs which allows enquiries to reach its destination using the OSGF quality control centre as the gateway.

He said more than any other time in the history of Nigeria, the government is waging an unprecedented fight against corruption through asset recovery, prosecution of acts of corruption, institution of new socio-economic systems and culture as well as rebuilding anti-corruption institutions to prevent future recurrence. 

Copyright 2017 Ships & Ports Ltd. Permission to use quotations from this article is granted subject to appropriate credit given to www.shipsandports.com.ng as the source.