NNPC now EITI supporting company- Kyari
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari says the corporation has become an Extractive Industries Transparency Initiative (EITI) supporting company.
‘Why FG must include BO details as requirement for licensing round’
As the Federal Government concludes plans to host licensing round for marginal oil and gas assets later this year, stakeholders in the industry have insisted that the inclusion...
Nigeria averts sanction, unveils BO register for transparency, accountability
In compliance with Extractive Industries Transparency Initiative (EITI) regulations, Nigeria yesterday, unveiled a beneficial ownership register in an attempt to deepen transparency and accountability in the extractive sector.
‘Unveiling beneficial owners critical to tackling IFFs, terrorism’
Nigeria may not address challenges of economic leakages, especially Illicit Financial Flows (IFFs), money laundering and illegal assets, unless the Federal Government and other stakeholders provide necessary support for the introduction of beneficial ownership register, the Civil Society Legislative and Advocacy Centre (CISLAC) has said.
FG moves to unveil owners, shareholders of extractive companies
To Conserve $18b, Address Licensing, Contract Scams Challenges of Illicit Financial Flows (IFFs), hovering around $18b, being lost yearly, as well as growing contract scams in the extractive sector may by addressed soon going by attempts by the Federal Government to enforce the Extractive Industries Transparency Initiative (EITI’s) guideline on Beneficial Ownership register. The initiative,…
Nigeria leverages EITI to reform industry, build accountability
Having met all the requirements of the EITI Standard, Nigeria seeks to entrench transparency in government and company systems, considering the challenges in entrenching such in the system.
Ezekwesili, ex-DRP boss seek legal status for Excess Crude Account
Former Minister of Education, Mrs Obiageli Ezekwesili and former Director of Department of Petroleum Resources, Olsten Olorunsola have urged the National Assembly to legalise the Excess Crude Account to prevent wastage of oil earnings.