Accountant-general, NEITI To Recover $5.31bn, N69.5bn From Extractive Industries         The Accountant-General of the Federation, Ahmed Idris, on Tuesday vowed that his office would work with the Nigeria Extractive Industries Transparency Initiative to recover N69.5bn and $5.31bn from the extractive sectors for the Federal Government. Last month,...

NEITI, ICPC Partner Against Corruption In extractive Industries       The Nigeria Extractive Industries Transparency Initiative and the Independent Corrupt Practices and Other Related Offences Commission have established a joint cooperation arrangement on anti-corruption issues in the extractive industries. Under the joint cooperation arrangement, the ICPC would set...

OAGF, NEITI Partner On Tracking Oil, Gas Revenue       The Office of the Accountant General of the Federation (OAGF) said it will support the Nigeria Extractive Industries Transparency Initiative (NEITI) in tracking oil and gas revenue that accrue to the Federal Government to ensure appropriate remittances. The...

Nigeria’s Exact Crude Oil Production Volume Unknown, Says NEITI       The exact volume of crude oil produced in Nigeria, especially at the deep offshore fields, is not known by anyone, the Nigeria Extractive Industries Transparency Initiative said on Thursday. Executive Secretary, NEITI, Orji Ogbonnaya-Orji, disclosed this in...

NEITI To Recover N2.07trn Oil Taxes       The new executive secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Dr Orji Ogbonnaya Orji, has vowed to recover N69.51billion and $5.31billion (about N2 trillion) as taxes from oil companies, totalling over N2.07tr. Orji made the promise in his...

NEITI Clears NNPC, Says 11 Audit Issues Resolved         The Nigeria Extractive Industries Transparency Initiative, NEITI, yesterday, disclosed that 11 out of the 20 audit issues raised against the Nigerian National Petroleum Corporation, NNPC, in its past audit reports have been resolved. In a statement in Abuja,...