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Joint Research - Policy Brief on Beneficial Ownership FMOJ and IBLF Global Final

This Policy Brief, co-authored by the Federal Ministry of Justice (FMOJ) and IBLF Global in February 2017, documents a study visit by Nigerian officials to the UK to gather best practices on implementing a Beneficial Ownership (BO) regime.

The report stresses that BO transparency is crucial for improving Nigeria's business environment, fighting corruption, and attracting foreign investment. It outlines the complexity of establishing a central BO register by reviewing the UK’s experience with its Persons with Significant Control (PSC) register, noting challenges like data quality and scope limitations. The brief concludes that successful implementation in Nigeria, requiring multidisciplinary efforts, is key to rebuilding global investor confidence.