fbpx
NEWSOIL & GAS

NEITI to Revisit Past Petroleum Reports

The Nigeria Extractive Industries Transparency Initiative (NEITI) has said it will initiate fresh conversations on the contents and recommendations of various investigative committees set up by the Federal Government and National Assembly recently on issues around the management of the petroleum industry.

The reports to be re-examined are NEITI’s oil and gas industry audits from 1999 to 2011, the Nuhu Ribadu-led petroleum revenue special task force, KPMG audit of the Nigerian National Petroleum Corporation (NNPC) and the Kalu Idika Kalu report on the state of Nigeria’s refineries.

Others are the House of Representatives Ad-Hoc Committee report on fuel subsidy (2009-2011), Magnus Abe-led Senate Joint Committee on Petroleum Resources (2005-2011), Aig-Imoukhuede-led committee on subsidy claims and payments and the Dotun Sulaiman committee on governance and global best practices in the NNPC.

NEITI hinged its decision to review the findings and recommendations of these committees on the imperative to keep up the conversations on good governance of Nigeria’s hydrocarbon industry owing to obvious unwholesome practices within the sector.

A statement signed by NEITI’s Director of Communications, Orji Ogbonnanya Orji, revealed that a comprehensive dialogue to push for installation of standard metering facilities at crude oil production and transportation hubs within the oil and gas industry of the country was being planned in conjunction with the Civil Society Legislative Advocacy Centre (CISLAC).

SOURCE

About Author

BWN
This is BizWatchNigeria. Nigeria's first online business Newspaper.

Comment here

This site uses Akismet to reduce spam. Learn how your comment data is processed.