The BIPC will collect information about the benami assets and their owners from across the country and provide it to the relevant authorities.
The Revenue division had sent the summary for the establishment of the BIPC to the federal cabinet which was approved unanimously.
While commending BIPC for completing the project, the governor called on the host community in the area to assist in protecting the gigantic project against vandals.
Speaking earlier, the Managing Director, BIPC, Mr Jacob Mulya said that the large expanse of the land was acquired in 1995 by the defunct Lobi Bank, adding that the project which he said gulped N500million began in 2015.
Ben explained: "Our experience and knowledge of IP wasn't very good, so when I was referred to the BIPC I was quite sceptical about how they could help.
Based at Newcastle City Library, the Business & IP Centre Newcastle is a regional resource, linked to a national BIPC network and the British Library.
The unit came on stream at the BIPC
this morning in a ceremony attended by the Iranian President Mahmoud Ahmadinejad.
also supported the creation of 385 new businesses and creating 660 jobs (predicted to rise to 919 businesses and 3,414 jobs by 2017).
The event also provided an opportunity for businesses to find out more about the support available from the BIPC
centre in Newcastle - an initiative supported by the council with Newcastle Science City and Northumbria University - and to meet with other providers in the city.
Here in Newcastle, we have been stimulating growth, whether through our capital programme or support for the BIPC
The british library business & ip centre (bipc
), based in the heart of london at st pancras, opened in march 2006 with the help of london development agency funding.