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Explainer: Why Nigeria’s Voluntary Offshore Assets Regularisation Scheme matters

Last Friday, President Muhammadu Buhari signed an amendment to Executive Order 008 on the Voluntary Offshore Assets Regularisation Scheme (VOARS) to facilitate the enforcement of the order originally signed in October 2018. The order was first signed two years ago to help Nigeria collect taxes on offshore assets by providing an avenue for defaulters to…

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