EFCC Partners NEITI on Oil, Solid Minerals Corruption

Lagos, Nigeria - Chairman of Nigeria's anti-graft Economic and Financial Crimes Commission (EFCC), Nuhu Ribadu, has pledged total support to the actualization of the mandate of
the Nigeria Extractive Industries Transparency Initiative (NEITI).

"EFCC shall give NEITI enforcement support," a statement from NEITI Friday quoted Ribadu as saying when the chairman of NEITI, Siyan Malomo, paid him a courtesy call earlier in the week.

 

"The law setting up EFCC gives us the power to get involved. And we are very much ready to participate fully to ensure the continued success of NEITI," the statement said.

NEITI is the national version of the Extractive Industries Transparency Initiative (EITI), which is a global movement aimed at ensuring that extractive resources aid development.
NEITI is mandated to promote transparency and accountability in the management of revenues from oil, gas and mining sectors in Nigeria.

The Act empowers NEITI to conduct yearly audits into revenues paid by extractive companies ...

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