Thursday, June 18, 2015

EITI Decries Serial Corrupt Practices In Oil Sector


Vice President, Prof Yemi Osinbajo receives officials of anti-corruption agency, NEITI; NEITI Executive Secretary, Zainab Alkali (L), Ledum Mittee (2nd L) and EITI Chair, Clare Short (C) with the VP

The Extractive Industries Transparency Initiative (EITI) has decried what it described as serial corrupt practices within Nigeria’s oil sector, saying the federal government must commence immediate implementation of the needed reforms in the oil and gas sector.

This is as the Nigerian National Petroleum Corporation (NNPC), and Nigeria Extractive Industries Transparency Initiative (NEITI) also agreed to collaborate more with a view to consolidating on the gains of the transparency initiatives recorded so far in the nation’s oil and gas industry.

The Nation report continues:
The chairperson of the initiative, Mrs Claire Short, who stated this after a closed door meeting with Vice President Yemi Osinbajo, regretted that some advocated oil sector reforms in Nigeria were yet to be implemented.

Speaking to journalists at the Defense House, Abuja, after the meeting with Osinbajo, she said government should as a matter of urgency commence the implementation of the suggestions proffered in the various audit reports of operations in the sectors by the NEITI. Short, who was accompanied by officials of the NEITI, pointed out that the serial corrupt practices within Nigeria’s oil sector do not augur well for the country.

In his response, Osinbajo assured that the federal government will take all necessary steps to implement the findings and recommendations contained in the audit reports.
“The vice president reaffirmed the federal governments’ commitment to the implementation of the EITI principles as part of plans to reform the oil and gas sector,” a statement by the NEITI’s director of Communication, Orji Ogbonnaya Orji, read in part.

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