The Federal Government has a new strategy for anti-corruption

President Muhammadu Buhari, on Thursday, disclosed that the Nigerian government will adopt a new strategy in the fight against corruption.

The President made this known wile speaking at the anti-corruption summit in London, United Kingdom.

He stated that the government will adopt the principles of Open Contracting Data Standard (OCDS) to boost its anti-corruption war in the different sectors of Nigeria.

According to a statement issued by the President’s Special Adviser on Media and Publicity, Femi Adesina, “Nigeria is already collating this information through the Extractive Industry Initiative process and will extend it to other sectors.

“Nigeria will establish a transparent central register of foreign companies bidding on public contracts and buying property. We welcome the proposal by developed countries to work together to improve the access of developing countries to beneficial ownership information for use in public contracting.”

Buhari further disclosed: “We commit to joining the pilot initiative for automatic exchange of beneficial information. Nigeria commits to deploying public-private information sharing partnerships to bring together governments, law enforcement agents, regulators and the financial sector to detect, prevent and disrupt money laundering linked to corruption.

“We commit to work together to enhance company disclosure on the payments to governments for the sale of oil, gas and minerals, complementing ongoing work within the EITI.

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