Browsing: Mr. David Ugolor

NEITI says its proposed law on Beneficial Ownership disclosure will increase transparency and accountability in the extractive industries. The agency is pushing for the enactment of a specific law that would compel companies operating in the extractive industries to abide by strict Beneficial Ownership disclosure.

He further stated that full ownership disclosure would increase government revenues, build confidence between investors and their partner local companies; reduce the incidence of corruption and money laundering and cut off funding for drug lords and terrorists.