The British Government will release information about Nigerians, who own property in that country next year.

Prof. Bolaji Owosanoye, Executive Secretary, Presidential Advisory Committee against Corruption, told News Agency of Nigeria (NAN) in New York that negotiations on this had reached advanced stage.

Owosanoye said the measure being taken by the governments of both countries was aimed at stepping  up the fight against corruption.

“There’s no doubt that rogues in government oppress and impoverish their people by corruption and this must be sanctioned by collective action.

“We need to make sure that there is no safe haven for corrupt officials to run to.

“Britain has promised that by 2018, she will provide Nigeria with the information about who owns what and where; that’s very helpful.

The presidential aide also explained that Nigeria and other African countries, who are victims of illicit financial flows, must challenge developed countries to block illicit financial flows from developing countries.

“Receiving states – the countries of the North – need to be proactive to block the proceeds of crime even before a request is made by victim countries.

“This is because, in many situations, it is clear that illegality is taking place."