NEITI 2009-2011 OIL AND GAS AUDIT VALIDATION AND RECONCILIATION EXERCISE BEGINS

One of the primary objectives of NEITI as provided in Section 2 of the NEITI Act 2007 is to ensure that there is due process, transparency and accountability in what companies doing business in Nigeria’s oil and gas industries, solid minerals and others in the extractive sector pay to government of Nigeria in the form of tax, royalty, bonuses, levies etc. Besides, NEITI is also to ensure that due process, transparency and accountability is strictly applied in what government receives, what it is expected to receive and what companies pay and what they are expected to pay to government as at when due.

 

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