Nigeria Ratifies Treaties to Curb Tax Evasion by Multinationals

Nigeria reportedly lost about U.S.$1 trillion last year to tax evasion, and U.S.$178 billion to illicit financial flows in the last 10 years. The government said to address the problem, it would soon start to compel multinational companies operating in Nigeria to provide regular reports on their operations in other countries.

(file photo).

AllAfrica publishes around 800 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.