British Govt To 'Whistleblow' On Nigerian Property Owners
The British government will release information about Nigerians who own property in that country within the next 9 months.
The houses include all the ones bought by public officials or accounts that are held by public officials on which they are right now not paying taxes or which they cannot explain the sources.
The move is expected to help Nigeria in the fight against corruption.
Under a new plan meant to combat money-laundering, the British government will provide Nigeria with the information about who owns what and where.
Negotiations on the disclosure had reached advanced stage according to the Executive Secretary of the Presidential Advisory Committee Against Corruption, Bolaji Owosanoye.
He said the measure being taken by the governments of both countries will ensure that there is no safe haven for corrupt officials.
"There’s no doubt that rogues in government oppress and impoverish their people by corruption and this must be sanctioned by collective action.
"We need to make sure that there is no safe haven for corrupt officials to run to.
"Britain has promised that by 2018, she will provide Nigeria with the information about who owns what and where; that’s very helpful.