NEITI RELATED NEWS
NEITI Lauded For Looking Beyond Oil
Stakeholders gathered for the Northeast Road-show have commended
NEITI for looking beyond the oil and gas sector and extending its
searchlight into mining. They however called on NEITI to intensify its
focus on the mining sector for increased revenue transparency, more...
EFCC Pledges Enforcement Support to NEITI
The chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Nuhu
Ribadu has pledged total support to the actualization of the mandate of the Nigeria
Extractive Industries Transparency Initiative (NEITI). more...
NEITI Bill Signed Into Law
The Nigeria Extractive Industries Transparency Initiative (NEITI) Bill was signed into
law on 28 May 2007 by former President Olusegun Obasanjo. This gives legal teeth to
the quest for increased transparency in the management of Nigeria’s oil, gas and mining
sectors. more...
NEITI Catalyst to Right Wrong in Niger Delta - Don - September 4, 2007
The Nigerian Extractive Industry Transparency Initiative law thatwas recently signed into law has been described as the catalyst that would right the wrongs that have taking place in the Niger Delta and other areas of Nigeria where there are active mining activities more...
NEITI: Renewed Quest for Extractive Transparency - September 4, 2007
The Nigerian Extractive Industries Transparency Initiative (NEITI) held a two-day road show in Bauchi, State, representing the North-Eastern geo-political zone of the country, to sensitise gathered stakeholders on the issues surrounding the extractive industry more...
Ribadu Seeks Amendment To Transparency Initiative Act - August 31, 2007
Economic and Financial Crimes Commission (EFCC) chairman, Mallam Nuhu Ribadu, has said that the Nigeria Extractive Industries Transparency Initiative (NEITI) Act 2007 lacks the enforcement bite in law and needs to be amended. He made the observation on Thursday in Bauchi, Bauchi State more...
Neglect of Mineral Producing Communities Portends Danger –
Minister - August 30, 2007
Minister for Solid Minerals Development, Alhaji Sarafa Isola, has warned that the continued neglect of
communities where natural resources are tapped portends serious danger for the economy. Isola said this at the opening of the Nigeria Extractive Industries Transparency Initiative (NEITI) more...
NEITI Saves Govt N125bn in Three Years - Malomo - August 30, 2007
The Nigeria Extractive Industries Transparency Initiative (NEITI) says “significant progress” has been recorded in fixing some of the petroleum sector lapses identified by NEITI’s first comprehensive audit of the industry more...
ICPC Seeks Power To Clear Candidates - August 30, 2007
GOVERNOR Isa Yuguda of Bauchi State yesterday implored the Nigeria Extractive Industry Transparency Initiative (NEITI) to
endeavour to reverse what he termed 'resource curse' on the country. The appeal came even as the Economic and Financial Crimes Commission chairman more...
NEITI Recovers N130 Billion Excess Oil Money - August 30, 2007
NIGERIA Extractive Industries Transparency Initiative (NEITI) recovered over N130bn from the oil
and gas companies operating in the country between 2004 and 2006. NEITI is mandated by law to promote transparency and accountability in the management of
Nigeria ’s oil and gas more...
Sanitising the Extractive Industries Sector - August 30, 2007
Not many people know anything about the Nigerian Extractive Industries Transparency Initiative (NEITI), yet it is supposed to be the
most important industry watchdog in existence in the country today. A subset of the global Extractive Industries Transparency Initiative (EITI), more...
ThisDay - NEITI Audits: Oil Revenue Discrepancies Down to $6m - August 14, 2007
The Nigeria Extractive Industries Transparency Initiative (NEITI) says “significant progress” has been recorded in fixing some of the petroleum sector lapses identified by NEITI’s first comprehensive audit of the industry more...
Punch - Oil Revenue Discrepancies Reduced to $6m - August 13, 2007
The Federal Government said on Monday that the quantum of funds unaccounted for in a
recent audit of Nigeria’s petroleum sector revenues had been reduced to about $6m. The government had, through the Nigeria Extractive Industries Transparency Initiative more...
EFCC Partners NEITI on Oil, Solid Minerals Corruption - July 30, 2007
Lagos, Nigeria - Chairman of Nigeria's anti-graft Economic and Financial Crimes Commission (EFCC), Nuhu Ribadu, has pledged total support to the actualization of the mandate of the Nigeria Extractive Industries Transparency Initiative (NEITI) more...
DailyTrust - Nigeria's Anti-Graft Agency to assist Transparency Body - July 30, 2007
Two anti-corruption agencies have agreed to collaborate to deal with culprits in the oil, gas and solid minerals sub- sector in the country. The Chairman of the Economic and Financial Crimes Commission (EFCC), Malam Nuhu Ribadu, has pledged support for the actualization of the mandate of the Nigeria Extractive Industries Transparency Initiative (NEITI) more...
VOA - Nigeria Seeks to End Corruption in Oil Industry - July 17, 2007
An audit to enhance accountability and transparency in Nigeria's oil industry has been launched. For VOA, Gilbert da Costa reports that while oil firms and politicians have benefitted from oil revenues, the wealth has not trickled down to ordinary citizens more...
DailyIndependent - NEITI's Proposed Roundtable With NNPC, CBN And FIRS - July 17, 2007
That the Nigeria Extractive Industries Transparency Initiative (NEITI) is determined to act on the audit report of the Hart Group on the petroleum industry, after over a year of its submission to ex-President Olusegun Obasanjo, is most reassuring, especially in the light of apprehension that the Initiative had lost steam since the exit of its pioneer and more...
NEITI Sets Up Operations Strategy Committee - July 6, 2007
The Nigeria Extractive Industries Transparency Initiative (NEITI) has constituted a strategy committee to work out modalities that would bring its operations in line with enabling law more...
NEITI Strategizes For Increased
Transparency - July 6, 2007
The Nigeria Extractive Industries Transparency Initiative (NEITI) has set up a strategy committee to evolve modalities
for bringing its operations in line with its enabling law and to devise strategies for increased transparency in the
management of oil, gas and mining revenues in Nigeria more...
NEITI, NNPC, CBN to meet on oil losses - July 5, 2007
The Nigeria Extractive Industry Transparency Initiative said on Wednesday that it would
convene a roundtable with key government agencies that would focus on remediation
efforts on the lapses identified in Nigeria’s petroleum industry more...
NEITI Plans Audit Remediation Roundtable - July 5, 2007
The Nigeria Extractive Industries Transparency Initiative (NEITI) is planning a roundtable meeting with
key government agencies on firming up remediation efforts on the lapses identified in Nigeria 's
petroleum industry by the first comprehensive audit of Nigeria 's petroleum industry more...
Nigeria: Gains of Extractive Transparency - June 5, 2007
It seems counter-intuitive, but it is true: countries blessed with abundant mineral resources rarely use such resources to enable abundant life for their people. Rather, resource-rich countries are prone to corruption and conflicts, misrule and misery more...
NEITI Bill signed into Law
The Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed that former President Olusegun Obasanjo signed the NEITI Bill 2007 into law before he handed over power to his successor, Umar Musa Yar'Adua, on Tuesday (www.independentngonline.com) (www.businesdayonline.com) (www.allafrica.com)
Oil Companies, Mining firms to pay N30m Penalty
Henceforth, any oil company or mining firm that failed to provide adequate information to the Nigerian Extractive Industry Transparency Initiative is liable to a penalty of N30m. Again, companies in the extractive industries that default in taking appropriate payments to government agencies will not only be made to make up the shortage in their payments but would also have the same fine imposed on them more...
NEITI tracks missing $232m oil money
ABUJA — The game may soon be over for government officials and their oil company collaborators who cheat the nation on oil revenue as the Nigerian Extractive Industries Transparency Initiative (NEITI) disclosed, yesterday, that it has tracked much of the missing $ 232 million oil revenue between 1999 and 2004. The Director of Services of the NEITI, Mr. Stam Rerri disclosed this while discussing Reforms in Oil Revenue more...
FG's economic reforms: So far, how well?
Not to talk of the consolidation of the banking sector by Prof. Charles Soludo. Mrs. Oby Ezekwesili instituted checks in the dubious awards of contracts, saving Nigeria not less that N300 billion in what would have been bloated contracts through the Due Process. She is still championing what Nigerians unfortunately do not fully appreciate – NEITI (Nigeria Extractive Industries Transparency Initiative) more... |
