POLITICS: PMB Signed The Amendment to Executive Order 008 - VOARS

PMB Signed The Amendment to Executive Order 008 - VOARS

The Nigeria president, Mohammad Buhari has signed the executive order on the Voluntary Offshore Assets Regularization Scheme. I have signed an Amendment to Executive Order 008, on the Voluntary Offshore Assets Regularization Scheme (VOARS), he said. 

He added , "This Amendment will strengthen the implementation and enforcement of the Order, which I originally signed in October 2018.

VOARS grants Nigerians and Nigerian entitles, who have defaulted in declaration of offshore assets, the opportunity to voluntarily declare and regularize these assets.

 There will be severe penalties for defaulters, and for the financial institutions that enable them.