Nigeria ratified conventions on tax-related treaties to end profit shifting and tax evasion by multinational companies. The move enables Nigeria to evaluate, amend, and cancel existing treaties that are not beneficial to the country and to curtail illicit financial flows from and into the country. The conventions were ratified following a conference on Combating Illicit Financial Flows and Enhancing Asset Recovery to Foster Sustainable Development, organized by the Presidential Advisory Committee Against Corruption, which is supported by MacArthur through the Anti-Corruption and Criminal Justice Fund.
