Nigeria: NEITI Begins Audit of Oil Companies, Govt’s Revenues in 2015, 2016

2 May 2017   Nigeria

The Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed that it has started the processes of a comprehensive independent audit of the oil and gas sector, as well as revenues earned by Nigeria in the sector in 2015 and 2016. NEITI stated in a statement, which was made available to THISDAY in Abuja that the independent audit would be conducted in line with the principles and standards of the global Extractive Industries Transparency Initiative (EITI). NEITI said its Executive Secretary, Mr. Waziri Adio, disclosed this in Lagos at a workshop for major oil companies and relevant government agencies expected to participate in the exercise. Adio, the statement added, explained that the workshop was designed to acquaint the participants with the structure and content of the template, the kinds of questions that NEITI would ask and the answers expected to be provided by the covered entities. “This workshop […]

Comments are closed.