Posts Tagged ‘Nigerian Extractive Industry Transparency Initiative’

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

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 […]

How We Spent Unremitted $13.3bn, NNPC replies NEITI

The Nigerian National Petroleum Corporation, NNPC, yesterday, denied any wrongdoing over its failure to remit about $13.294 billion to the Federation account over a nine-year period, stating that the funds were utilized legally in running its operations, while the balance of the funds had been transferred to the Central Bank of Nigeria. The NNPC was […]

91 Firms Jostle For NNPC’s Contract For Coastal Bunkering Vessels Service

The Nigerian National Petroleum Corporation has begun the public opening of technical bids submitted by 91 companies to secure contract for the provision of Coastal and Bunkering Vessel Services. This is contained in a statement by NNPC’s Group General Manager, Group Public Affairs Division, Ohi Alegbe. The statement said the coastal and bunkering services was […]