FOREIGN NEWS

Dual Citizenship Firm Opens Shop in Nigeria For the Rich

A citizenship and residency advisory firm for the rich of the society, Henley and Partners Group, is opening a branch in Nigeria.

According to the Zurich based firm, the increase in demand for dual citizenship by wealthy Nigerians in particular and Africans in general, has tremendously increased in recent years, therefore necessitating the need to open business in Nigeria. The office would be it’s second outpost on the continent. The first being in South Africa.

“We have been engaging with Nigerian and West African clients for over three years now and have seen constant growth,” Dominic Volek, Henley’s head of sales, said by email. “The significant increase in wealth creation in the region has created a consequent surge in demand for our services.”

A Frank Knight’s 2020 wealth estimate reports says, Nigeria has at least 700 persons with a net worth of $30 million.

Despite being an oil producing nation, most of Nigeria’s 200 million population live below poverty line, according to the Washington based Brooking Institution.

Henley and Partners branch in Nigeria would operate from Lagos, the firm said.

The firm facilitates those with deep pockets to acquire citizenship of a host of Caribbean nations, as well as selected European nations like Cyprus and Malta. The cost usually ranges from below $200,000 for Caribbean nations and up to a million US dollars for Europe’s.

Categories: FOREIGN NEWS

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