The Nigeria Extractive Industries Transparency Initiative (NEITI) has hinted of its moves to report oil and gas companies that have defaulted in remittance of their profit taxes to the federation account to anti-graft agencies. The organisation’s Executive Secretary, Dr .Orji Ogbonnaya Orji , reported that based on the 2019 Oil and Gas Industry and Solid […]
The Nigeria Extractive Industries Transparency Initiative (NEITI) has described President Muhammadu Buhari’s assent to the Petroleum Industry Bill (PIB) on Monday as a historic development with great potential for sustainable growth of the nation’s hydrocarbon resources industry. The organisation’s Executive Secretary, Dr. Orji Ogbonnaya Orji, in a statement signed on his behalf by NEITI’s Head […]
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Abdulrasheed Bawa, on Wednesday reiterated the Commission’s full commitment to frontally deal with perpetrators of all forms of corruption or fraudulent/illegal activities in the nation’s extractive industries. The EFCC boss, was quoted by the News Agency of Nigeria (NAN) as giving the assurance […]
The Nigeria Extractive Industries Transparency Initiative (NEITI) has reported that Nigeria’s earnings from oil and gas sector rose to $34.22 billion in 2019, representing 4.88 per cent higher than the $32.63 billion earned in the preceding year. The industry monitoring agency gave this hint in its 2019 report indicated that the report covered 98 entities, […]
The Nigeria Extractive Industries Transparency Initiative (NEITI) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have agreed to cooperate on anti-corruption crusade in the nation’s extractive industries. A statement issued on the partnership of the two agencies by NEITI’s Head, Communications and Advocacy, Mrs. Obiageli Onuorah, on Wednesday indicated that under the […]
The Office of the Accountant General of the Federation (OAGF) has indicated its readiness to support the Nigeria Extractive Industries Transparency Initiative (NEITI) in tracking oil and gas revenue accruable to the Federal Government to ensure appropriate remittances. The Accountant General of the Federation (AGF), Mr. Ahmed Idris, gave the pledge on Tuesday when he […]