NEITI tracks missing $232m oil money

By Emma Ujah

ABUJA — The game may soon be over for government officials and their oil company collaborators who cheat the nation on oil revenue as the Nigeria Extractive Industries Transparency Initiative (NEITI) disclosed, yesterday, that it has tracked much of the missing $232 million oil revenue between 1999 and 2004.

The Director of Services of the NEITI, Mr. Stam Rerri disclosed this while discussing Reforms in Oil Revenue: Local and International Experiences, EITI, NEITI” at the World Bank seminar in Kaduna.

 

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