Abuja, June 28, 2023: Mr Garba Abubakar, the Registrar-General and Chief Executive Officer, Corporate Affairs Commission (CAC), has reiterated the importance of implementing the Transparency Beneficial Ownership Principles in Nigeria.<\/p>\n\n\n\n
Abubakar, in a statement on Tuesday in Abuja, spoke at the Anti-Corruption for Development Summit in Washington DC, U.S.<\/p>\n\n\n\n
He spoke during a panel session on the implementation of Beneficial Ownership Transparency Principles in Nigeria.<\/p>\n\n\n\n
The international summit was organised by the World Bank and other partners, including the Open Ownership and Returning Assets.<\/p>\n\n\n\n
The registrar-general said that the CAC had recorded milestone achievement with the unveiling of the Beneficial Ownership Register (BOR) between May 24 and 25.<\/p>\n\n\n\n
According to him, the BOR is the first in Africa in accordance with global best practices.<\/p>\n\n\n\n
\u201dAs a follow up to the ground breaking event, a three-day multilateral peer exchange event on practical aspects of Implementing Beneficial Ownership Reforms was rounded off.<\/p>\n\n\n\n
\u201dWith applause for the CAC for implanting far-reaching reforms to improve its operations,\u201d he said.<\/p>\n\n\n\n
Abubakar said that the gathering drew stakeholders from Kenya, Liberia, Namibia, South Africa, Germany and the U.K.<\/p>\n\n\n\n
He said it was co-organised by the Open Ownership, the United Nations Office on Drugs and Crime and the Stolen Assets Recovery Initiative.<\/p>\n\n\n\n
Abubakar said that the commission had been achieving numerous milestones since his assumption of office.<\/p>\n\n\n\n
He added that the series of reforms rolled out by the commission earned it many accolades from within and outside the country.<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"
Abuja, June 28, 2023: Mr Garba Abubakar, the Registrar-General and Chief Executive Officer, Corporate Affairs Commission (CAC), has reiterated the importance of implementing the Transparency Beneficial Ownership Principles in Nigeria. Abubakar, in a statement on Tuesday in Abuja, spoke at the Anti-Corruption for Development Summit in Washington DC, U.S. He spoke during a panel session […]<\/p>\n","protected":false},"author":2,"featured_media":25923,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1366,949],"tags":[546],"class_list":["post-51165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-economy","tag-cac","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n