Around the world, the subject of beneficial ownership disclosures and transparency of investment vehicles has taken centre stage, with various leading institutions, regulators and respectable interest groups pushing the narrative. Nigeria seems to have been slow in responding to this trend. However, recent developments across various economic sectors suggest that the transition is beginning to gain some momentum in Nigeria, and that full disclosure of beneficial interests may soon become a norm in the country.

This piece by Partner, Ijeoma Uju, and Associate, Chibuike Ikefuna, discusses how Nigeria is responding to the global trend, her approach to beneficial ownership disclosures and associated transparency requirements, including the overall impact of such disclosures on investments in a developing economy like Nigeria.