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Nigerians who own properties in the UK will be announced.




In the unending quest to stop corruption in the country the federal government has thought it wise to look into the financial activities of its citizens outside the country.

The British Government will give the Federal Government information about Nigerians who own property in that country, from next year, a presidential aide has said.

Executive Secretary, Presidential Advisory Committee against Corruption, Prof. Bolaji Owosanoye, told the News Agency of Nigeria in New York that negotiations on this had reached advanced stage.
Owosanoye said the measure being taken by the governments of both countries was a step forward in the fight against corruption.

“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 you (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.
“These include all the houses that have been 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.
“So if you cannot buy a house in England, you have to look for somewhere else.
“But if all countries criminalise this, then it becomes much more difficult unless you want to buy the house on Mars,” he said.
The presidential aide also explained that Nigeria and other African countries, who are victims of illicit financial flows, must challenge developed countries to block illicit financial flows from developing countries.

 Punch

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