Nigeria waits for promises to be fulfilled
The National Assembly has waited more than six months for the president to give his assent to anti-corruption legislation
Nigerian legislators have done everything within their power to force transparency in its oil and gas sector and curb illicit financial flows from its shores, passing the amended Companies and Allied Matters Act (Cama). But they still have a final hurdle to cross—securing President Muhammadu Buhari’s illusive signature. “The [amended] Cama bill is meant to take care of beneficial ownership as it requires all companies in Nigeria to disclose, in their annual returns and register of members, the details of all persons with significant control, of over 5pc,” says Lagos-based Adejoke Akinbode, program officer, extractives at BudgIT, a civic organisation that uses technology to demand transparen
Also in this section
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
17 April 2024
Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China
16 April 2024
Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy
15 April 2024
Though hampered by methane concerns, US LNG has a crucial role to play for European and Asian energy security, US economic needs and the energy transition drive