Posts Tagged ‘NEITI’

FAAC: FG, states, LGAs shared N8.5tr in 2018 says NEITI

by Ikokwu Ikembaon February 9, 2019
The Nigeria Extractive Industries Transparency Initiative (NEITI) in its latest quarterly review has disclosed that the Federation Allocation Account Committee (FAAC) has disbursed N8.52 trillion to the three tiers of government and other beneficiaries in 2018. It added that the figure makes it the first time since 2014, that disbursements would exceed N2 trillion in […]

FLASH| Saraki Led Senate Sets a Precedent in Fighting Corruption – NEITI

by Breaking Timeson June 18, 2016
“The Nigeria National Petroleum Corporation (NNPC) did not remit $12.9bn to the federation account between 2005 and 2013,” Waziri Adio, executive secretary of the Nigeria Extractive Industry Transparency Initiative (NEITI), said on Wednesday. Waziri Adio, the NEITI boss, was speaking on the agency’s 2013 audit report of the oil and gas sector, was the first […]

SARAKI REACTS TO NEITI REPORT, Queries why no one is being held accountable for over $518Million….

by Breaking Timeson June 16, 2016
Today, in accordance with Section 4 (4) of the NEITI Act of 2007, the Senate considered the 2013 Audit Report of the Nigerian Extractive Industry Transparency Initiative (NEITI). This report, exposes discrepancies of billions of Naira in Nigeria’s extractive industries and also shows that several federal government assets were either significantly undervalued, or transferred with […]


by Breaking Timeson April 26, 2016
Nigeria Extractive Industries Transparency Initiative (NEITI) wishes to clarify its earlier statement that the Group Executive Director, Finance of NNPC, Mr. Isiaka Abdulrazaq, had claimed at a recent meeting with NEITI that the assignment of eight oil blocks by NNPC to one of its subsidiaries, the Nigerian Petroleum Development Company (NPDC), was not transparent and […]

Osinbajo Promises Implementation of NEITI Audit Reports

by Breaking Timeson June 18, 2015
The Muhammadu Buhari administration will implement the findings and recommendations contained in the audit reports of Nigeria Extractive Industries Transparency Initiative, the Vice-President, Prof. Yemi Osinbajo, has said. Osinbajo made the pledge in Abuja on Wednesday while receiving the Chair of the global Extractive Industries Transparency Initiative, Clare Short, and her delegation at the Defence […]