Nigeria Country Report: An Assessment of Nigeria’s Beneficial Ownership Transparency Legal Framework

Book Review: An Assessment of Nigeria’s Beneficial Ownership Transparency Legal framework

By Lovelyn Agbor-Gabriel and Abubakar Jimoh

In order to deepen awareness and understanding of state and non-state actors on outstanding shortcomings of Nigerian beneficial ownership transparency laws and practice, the Civil Society Legislative Advocacy Centre (CISLAC), in collaboration with Transparency International, has engaged a critical study into country’s commitment towards beneficial ownership information and regulation.

The 51-page published report titled “Nigeria country Report: An Assessment of Nigeria’s Beneficial Ownership Transparency Legal Framework” provides a detailed account of various limitations in the definition of beneficial ownership attributed to Nigerian anti-money laundering and Company Law that respectively defines beneficial ownership, but not covering control through other means in addition to legal ownership and issues affecting beneficial ownership of private companies.

In page 4, the report reveals country performance as the worst in the area of accessing beneficial ownership information. “There are no legal requirements […]

Manual for Civil Society Engagment with the Legislature

Legislature more than any other organs of governance embodies the sprite of democracy. It is also easier for this body to give connect to the principles of democracy. It can do this through consultative processes.  Even more important, modern legislatures must see themselves as agents and tools for development. As the authority for appropriate public funds, and ensure the effective utilization of these funds, the legislature is central to development of the society. This centrality is located in context that has framed the legislature as the key to the demanding inclusion and accountability in the budget processes, which is the key instrument for development. By even with the wider context of the functions and responsibilities of the legislature, which is law making, inclusion is critical to the process of the country and to the prospect for the deepening and consolidation of dem
ocratic systems and practice. By partnering with civil […]

Nigeria: Study to Audit and Monitor Compliance and Implementation of Protocols, Conventions and Decisions of the African Union Member States

  The State of the Union Nigeria Report 2013 is a study to audit and monitor compliance and implementation of protocols, conventions and decisions of the African Union (AU) Member States of which Nigeria is party to. The Constitution of the Federal Republic of Nigeria has provided for the domestication of all international treaties that Nigeria ratified. The report focuses on the achievement of economic, social, political and cultural rights, which aim to improve standards of living of the citizens if well implemented. The study evaluates the gaps between policy and practice to ensure that the policies developed at the AU level have a positive impact on the development prospects at the national level. Generally, the results and the best emerging practices of the study will be used to engage with the AU Member States at the national, regional and continental level.
While the study has provided some useful recommendations, […]

FROM AUDIT TO ACTION By Sofiri Joab-Peterside

This work attempts an analysis of the Nigeria Extractive Industries Transparency Initiative (NEITI) 2009-2011 Audit Report from a civil society perspective. The NEITI audit in question was conducted by Sada, Idris and Co. (Chartered Accountants). It is the first to be done by Sada, Idris & Co. After the three successive ones conducted by the hart Group and SS Afemikhe &Co.(Chartered Accountants).
Since its establishment seven years ago, CISLAC has been in the forefront of efforts to strengthen the performance of EITI implementation in Nigeria through greater information dissemination and capacity building for stakeholders – citizens, civil society, media, state and the national and state assemblies. This particular publication build on the past edition of analyses of NEITI audit reports.  Coming on the heel of the official launch of the 2013 Resource Governance Index (RGI) in which Nigeria ranked ‘weak’ with 40th position out of 58 countries evaluated, it is […]


BEYOND COMPLIANCE edited by Musa Abutudu, Dauda Garuba and Kolawole Banwo is an insightful, balanced and yet critical analysis of the contemporary state of the implementation of the Extractive Industries Transparency initiative (EITI) in Nigeria. Coming from persons that cut across different professional backgrounds, the book appraises and shadow-reports Nigeria’s EITI implementation in a post-compliant period. It is anchored on the understanding that validation test and compliance are not a one-off event, but a five-yearly exercise deserving of consistent progress. In doing that, the book brings forth new achievements and gaps between volunteered commitments and realities, as well as points direction to expanding the NEITI process from its oil and gas-focus to incorporate the solid mineral sector and other neglected, but necessary, stakeholders in the value chain of the extractive industry. Apart from deepening public knowledge of the EITI process in Nigeria, the book seeks to strengthen the country’s […]