They hid behind shell companies secretly incorporated in tax havens to anonymously acquire London properties, thereby evading enhanced due diligence in the UK and blocking the Code of Conduct Bureau in Nigeria to determine their true worth or if they had amassed wealth their legitimate incomes could not justify.
"There will be severe sanctions for those who do not comply, including restrictions on buying, selling, transferring, leasing or charging their land or property in the UK." "If you do not comply with the Act, you could be fined up to £2,500 per day or get a prison sentence of up to 5 years," the UK. You'll also face restrictions when buying, selling, transferring, leasing or charging property or land in the UK."
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