Beneficial Ownership: 2-Yr Jail terms for erring Contractors, Businessmen – CAC

Head of CISLAC and Transparency International in Nigeria, Auwal Ibrahim Musa, has charged Nigerian Government to blacklist erring contractors, businessmen for beneficial ownership    Contractors and business owners in Nigeria who are found guilty of misinformation or false disclosure of beneficial ownership will be jailed for two years. Registrar-General, Corporate Affairs Commission (CAC), Garba Abubakar, told Platforms Africa on the sideline of a two-day event organised by Civil Society Legislative Advocacy Centre (CISLAC) in Lagos, that misinformation or false disclosure of beneficial ownership has now been criminalised. READ ALSO: EFCC…

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