By this, the NNPC joins a group of over 65 extractives companies, state-owned enterprises, commodity traders, financial institutions and industry partners who commit to observing the EITI’s supporting company expectations.
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Adio’s position echoed those of other stakeholders who gathered on Tuesday in Lagos to witness the formal public presentation of the technology tool developed and deployed by OrderPaper Advocacy Initiative in conjunction with the Civil Society Steering Committee of NEITI.
Waziri Adio, the Executive Secretary Nigeria Extractive Industries Transparency Initiative, says the Federal Government will soon unveil the beneficial ownership register for the oil and gas industry.
OrderPaper Advocacy Initiative has hailed the Nigeria Extractive Industry Transparency Initiative on Nigeria’s emergence as one of seven countries that have attained the highest ranking of “Satisfactory Progress” by the global watchdog, Extractive Industries Transparency Initiative.
The International Board of Extractive Industry Transparency Initiative says Nigeria has attained the highest rating in implementation of its standards by member countries.
NEITI made this known in its audit report released at the National Conference on Remedial Issues in Abuja on Monday.
The trace of the alleged missing fund, believed to have been stolen and diverted to a foreign destination, was contained in the two documents submitted by the Nigerian National Petroleum Corporation at the committee’s sitting
Waziri Adio, the Executive Secretary, made the call in a statement signed by the spokesman of NEITI, Dr Orji Ogbonnaya Orji, on Thursday
The Executive Secretary of NEITI, Waziri Adio, stated this while addressing a Consultative Forum on Open Government Partnership in Abuja
Adio stated that validation is a quality assurance mechanism put in place to keep EITI-implementing countries on track
He said: “For too long, our country is used as a symbol for anything that is wrong in terms of countries that are endowed with resources.
“We want that narrative to change
This was contained in a statement issued by Olawunmi Ogunmosunle, the Deputy Director of Press in the Office of the AGF, and made available to newsmen on Wednesday in Abuja
Asset declaration is thus not designed to be another perfunctory, box-ticking exercise. It is primarily a transparency and accountability instrument. This is a potentially powerful sunshine mechanism that could help, in very practical ways, limit the incidence of corruption, one of the major challenges of our country