The Minister of Finance, Mrs Kemi Adeosun, has urged global bodies like the World Bank to help curb foreign corrupt practices by multinational corporations in Nigeria and other developing countries.
The Special Adviser to the Minister on Media and Communications, Mr Oluyinka Akintunde, in a statement on Monday, quoted Adeosun as making the call at the Platform for Collaboration on Tax (PCT) Conference in New York.
“There is absolute need for a complete understanding of how these Multinational Corporations (MNCs) behave in Nigeria and developing countries.
“Many operate a completely different standard in Africa to what obtains globally,” she said.
Adeosun said that many MNCs were hiding behind slow legislative processes to avoid doing what was right in nations from which they derived significant income.
She said that options to sue…
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