The Executive Secretary, Nigerian Extractive Industries Transparency Initiative (NEITI), Mr. Waziri Adio has said that there was no reason for Nigeria to have 110 million people living in poverty. "With the kind of money Nigeria made from oil in the past decades, there is no...

Recently the 2013 Audit Report of the Nigeria Extractive Industries Transparency Initiative (NEITI) on Oil, Gas and Solid Minerals was made public. The Executive Secretary of NEITI, Mr. Waziri Adio granted an interview to the Economic Confidential on issues arising from the report as...

The Federal Government has lost approximately $518 million to oil swap and Offshore Processing Agreements (OPA) in 2013 due to inefficiencies by the Nigerian National Petroleum Corporation (NNPC) and its subsidiaries, the Economic Confidential can authoritatively report. The Economic and Financial Crimes Commission (EFCC) would...

...2.5b, wants culprits tried ...Senate begins review of report today The Economic and Financial Crimes Commission (EFCC) will soon embark on probe of erring oil firms in Nigeria over unremitted oil revenue to the Federal Government. To ensure that anyone found guilty of misappropriation of the country’s...