Featured Politics News

NEITI, ICPC form joint cooperation on anti corruption issues in extractive sector

The Nigeria Extractive Industries Transparency Initiative (NEITI) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have established a joint cooperation arrangement on anti-corruption issues in the extractive industries.

NEITI disclosed this in a statement by its Head, Communications and Advocacy, Mrs Obiageli Onuorah, in Abuja, on Wednesday.
She said that under the joint cooperation arrangement, the ICPC would set up a special extractive industry desk while NEITI would feed the desk with information and data on extractive industry revenue process abuses, lapses and corruption issues.
He said that the decision was part of the resolutions reached at a meeting of the two organisations led by the Executive Secretary of NEITI, Dr Orji Ogbonnaya Orji, and the Chairman of the ICPC, Prof. Bolaji Owasanoye.
She quoted Orji as saying that the joint cooperation became necessary to strengthen NEITI’s capacity to hold accountable covered entities that failed to respond positively and timely to remedial issues contained in NEITI reports.
He welcomed the offer by the ICPC to support NEITI operations with enforcements.
He noted that it would ensure that adequate sanctions and consequences for financial misconduct in the extractive industries were meted out to erring covered entities.
Also, Owasanoye welcomed NEITI’s initiative to seek partnership and collaboration in areas where NEITI needed help and support.
“I pledge the support of the Commission under this joint cooperation arrangement.
“We will offer our support in the areas of investigation and prosecution which we consider, important steps toward checking corruption in the oil, gas and mining sector,” Owasanoye stated.
He further said that he was proud of the job that NEITI was doing especially in collaborating with the National Assembly and leading civil society advocacy actors for the early passage of the PIB.
The joint cooperation arrangement between the two organisations would be guided by a memorandum of understanding

Related posts

Huawei launches mini grid solution

Our Reporter

29 ships carrying various products expected at Lagos ports

By Aliyu DANLADI 

Stock market suffers N393bn loss on profit-taking

Our Reporter

FG To Embark On Effective Harnessing Of Coal For Electricity Generation

Our Reporter

NSE: Nigerian Breweries rally on low price attraction

Editor

Makinde, Oyo gov-elect promises to prioritise workers’ welfare

By Meletus EZE
Social Media Auto Publish Powered By : XYZScripts.com