Nigeria

Shocked by the denial of the findings of the Nigeria Extractive Industries Transparency Initiative (NEITI) 2009-2011 oil and gas audit report by the Nigerian National Petroleum Corporation (NNPC), Publish What You Pay (PWYP) Nigeria, has disclosed that data used in arriving at the findings were actually supplied by the NNPC.

Civil Society Organisations (CSOs) in Nigeria’s oil and gas industry have berated the Nigerian National Petroleum Corporation (NNPC) for disparaging recent findings in the 2009-2011 oil and gas industry audit of the Nigeria Extractive Industries Transparency Initiative (NEITI).

The CSOs led by its representative on the National Stakeholders Working Group (NSWG) of NEITI, Publish What You Pay (PWYP) Nigeria, recently in Abuja, described the corporation’s disposition to the audit report as an embarrassing national development.

Ten years ago, an unlikely coalition of governments, citizens' groups and oil, gas and mining companies known as the Extractive Industries Transparency Initiative (EITI) was set up to fight corruption in countries that are rich in natural resources, but mired in desperate poverty.

Despite the huge extractive minerals resources Nigeria is blessed with, Nigerians still wallow in abject poverty with many living below  the poverty line of one dollar a day. Juliet Alohan looks at how the planned extractive revenue disbursement audit by the Nigeria Extractive Industries Transparency Initiative (NEITI) this year, can help ensure fair use of the nation’s resources.

Civil Societies Organisations (CSOs) in Nigeria’s extractive industry have condemned a seeming meagre budgetary allocation to the Nigeria Extractive Industries Transparency Initiative (NEITI) by the Federal Government.

The Organised Civil Society Organisations (CSOs) with interests in operations within Nigeria’s extractive sector have asked the Federal Government to disclose the identities of former government officials and individuals indicted in the protracted Halliburton bribe scandal several years after the United States had prosecuted its indicted citizens.

Civil Society Organisations (CSOs) in the oil and gas sector have called for the application of the Nigeria Extractive Industries Transparency Initiative (NEITI) Act at the state level.

In a clandestine shuffle, Shell, ENI subsidiaries in Nigeria and the federal government may have quietly been engaged in a round-tripping payment of $1.092 billion over the long-disputed oil block OPL 245, court documents from a March 2012 New York arbitration case have revealed.

Round-tripping, also known as round-trip transactions or “Lazy Susans”, is defined by The Wall Street Journal, as a form of barter that involves a company selling “an unused asset to another company while at the same time agreeing to buy back the same or similar assets at about the same price.” Round trips are char