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NEITI scores IOCs, agencies high on audit compliance

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The Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday, scored oil companies and government agencies high in complying with its 2019 oil and gas industry audit.

The watchdog said there was improved obedience to the exercise.

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The Executive Secretary, Waziri Adio, in a report on compliance assessment in Abuja, said the performance was impressive.

The review examined the level of observance by entities to the data-gathering component of the audit process with focus on two indicators – template timeliness – and completeness.

While timeliness looked at submission of templates within the agreed deadline, completeness focused on all submissions by the units.

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