Another loss from NNPC was $723,285,929.70 from Offshore Processing Arrangement (OPA) and crude for product swap arrangement. Uche Usim, Abuja The Nigerian National Petroleum Corporation (NNPC), the Nigerian Petroleum Development Company (NPDC) and other oil companies operating in the country are yet to remit $22.06 (dollar component) and N481.75 billion (naira component) into the federation […]
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NEITI
Unremitted, stolen funds: We lack power to enforce remediation – NEITI
Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, NEITI, Mr. Waziri Adio, yesterday, disclosed that the agency had not made much progress in addressing the gaps inherent in the extractive industries, because it lacks the power to enforce remediation activities in the industry.
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NEITI wants immediate action on remediation issues from audit report
58th Independence Anniversary: Nigerians bemoan FG’s flop in oil, power sectors
Adewale Sanyaolu As Nigeria celebrates its 58th independence anniversary today, two sectors where successive administrations have failed to register impressionable achievements happen to be the oil and power sectors. With a population of over 170 million people, the country was through these years battled with less than 7,000 megawatts of electricity, leading to massive power […]
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I am in good hands, says Zainab Ahmed as she takes charge of finance ministry
Zainab Ahmed, acting minister of finance, assumed duty on Monday, expressing hope that she is in good hands. President Muhammadu Buhari appointed her following the resignation of Kemi Adeosun who
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NEITI: Osun’s total FAAC deductions in half year 2018 exceeded total allocation
The total deductions made from Osun’s disbursements from the federation account allocation committee exceeded the total allocation the state got. According to a quarterly review released by the Nigerian Extractive The post NEITI: Osun’s total FAAC deductions in half year 2018 exceeded total allocation appeared first on TheCable.
FG, states, others shared N3.95tr in Q1, 2018
FAAC disburses N3.946trn in 6 months – NEITI
The Federation Accounts Allocation Committee (FAAC) has disbursed N3.946 trillion in the first half of 2018 to Federal, State and Local Governments, the Nigeria Extractive Industries Transparency Initiative (NEITI) quarterly report has revealed.
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PIGB: Anxiety mounts as fresh threats raise concern
NEITI backs parliamentary forum on EITI
A parliamentary group on Extractive Industries Transparency Initiative (EITI) is to be established by the National Assembly. The group, expected to be drawn from relevant Committees in the Senate and House of Representatives, will co-ordinate legislative actions on implementation of remedial issues identified by independent audit reports of the Nigerian Extractive Industries Transparency Initiative (NEITI)Read More
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