The ambassador claimed that beneficial ownership registers have been useful in tracing illegal inflows at a policy discussion on the state of anti-corruption policy and practice in Nigeria by Agora Policy yesterday in Abuja.
On the functionality of beneficial ownership, the envoy explained,
Montgomery said that the UK is not blameless in illicit inflows movement, saying,
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enhancing financial intelligence and evidence gathering, which will allow the system to successfully bring grand corruption cases to courts, especially in the UK, in order to curb illicit cash input.
This occured after the Naira first strengthened versus the dollar and then declined. The naira-to-dollar exchange rate dropped to about N1,745/$1 on the black market on wednesday.
TimesNow.com.ng reported that the British government processed about 225,000 Nigerians’ applications for UK visas between June 2023 and June 2024.
This news was made this week during the launch of Africa’s largest UK visa application facility by Marc Owen, Director of Visa, Status, and Information Services at UK Visas and Immigration, British High Commission in Lagos.
The various visa types and related expenses were not thoroughly examined.
Source: TimesNow.com.ng
