The Civil Society Legislative Advocacy Centre (CISLAC) has said the absence of Corporate and Allied Matters Act (CAMA) was hampering the fight against corruption in Nigeria.
The centre said the Act was transmitted by the 8th National Assembly but was not signed into law before the expiration of the assembly.
CISLAC executive director, Auwal Ibrahim Musa, while briefing newsmen in Abuja on Thursday said some major laws that could curb corrupt were yet to be signed into law.
He said the bill contained provisions that enhance the ability of anti-corruption agencies to detect and stop corruption.
“It can also identify persons and companies involved in corruption and limit their ability to hide proceeds of corruption in companies registered in Nigeria and other jurisdictions.
“The process of developing the national register of beneficial owners of companies operating within our jurisdiction is now hinged on presidential accent into the bill.
“We observed that the failure to sign the bill will result in dire consequences for Nigeria like the inability to fulfil Nigeria’s 2016 London Anti-Corruption Summit Country statement to establish register of company owners,” he said.
