THE Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr Ola Olukoyode has disclosed that the anti-graft Commission was closely monitoring the 2025 budget implementation by Ministries, Departments and Agencies, MDAs, towards ensuring that releases made to them are not stolen. He made the disclosure on Tuesday, April 29, 2025 while addressing a … Read more
THE Nigeria Extractive Industries Transparency Initiative (NEITI) has welcomed Seplat Energy Plc as the first independent, strictly private sector-led Nigerian company to join the Extractive Industries Transparency Initiative (EITI). This milestone comes a few years after the NNPC Ltd., Nigeria’s national oil company, took a similar bold step, reaffirming the country’s commitment to openness and … Read more
PLANS are underway to recover $6 billion and an additional N66 billion owed to the Federal Government by stakeholders in the oil sector. Mr Ogbonnaya Orji, the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), stated this on Monday in Abuja. He was speaking at the 2025 budget defence session organised by the … Read more
THE chairman of the Economic and Financial Crimes Commission (EFCC), Olanipekun Olukoyede, has urged all players in the oil and gas companies and relevant government agencies to fully comply with the annual Nigerian Extractive Industries Transparency Initiative (NEITI) Industry Audit process. He warned that it would be a costly mistake if those involved choose to … Read more
IN 2021, Nigeria made a pledge to reach net zero by 2060 but two-thirds — 42 out of 62 — of the oil companies in Nigeria audited by the National Extractive Industries Transparency Initiative (NEITI) had no concrete climate plans in 2023, FIJ can report. This was disclosed in the 2023 oil audit report published … Read more