Connect with us

business

NEITI Strengthens Partnership with EFCC, ICPC for Accountability

Published

on

NEITI

NEITI strengthens accountability partnership with EFCC and ICPC to enforce transparency and plug revenue leakages in Nigeria’s extractive industries

The Nigeria Extractive Industries Transparency Initiative (NEITI) has reinforced its commitment to transparency and accountability in the country’s oil, gas, and mining sectors by deepening collaboration with the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

Advertisement

Also read: Nigeria Hits N6 Trillion FAAC Record in Q3 2025

During separate visits to the EFCC and ICPC headquarters, NEITI Executive Secretary Musa Adar stressed the urgency of strategic engagement to remediate audit findings, enforce compliance, and plug systemic revenue leakages in the extractive industries.

“This partnership is not just about disclosure. It is about accountability, corrective actions, and measurable impact. As Nigeria prepares for the 2026 EITI validation, our collective responsibility is to demonstrate that transparency leads to real change,” Adar said.

The upcoming EITI validation will assess Nigeria’s implementation of the 2023 EITI Standard, focusing on transparency, stakeholder engagement, and demonstrable outcomes.

Advertisement

Adar called for strengthened collaboration under existing Memoranda of Understanding, highlighting the need for information sharing, technical cooperation, and coordinated follow-up on cases arising from NEITI’s audit reports.

EFCC Chairman Ola Olukoyede described NEITI’s reports as “indispensable raw materials” for investigations and pledged to enhance the commission’s Extractive Industry and Fraud Section to work closely with NEITI.

ICPC Chairman Dr. Musa Aliyu (SAN) lauded NEITI as a “critical vanguard” in the fight against systemic corruption, noting the operationalisation of ICPC’s Special Extractive Industry Desk to act on NEITI audit findings.

Advertisement

“By combining NEITI’s forensic data with ICPC’s investigative and prosecutorial powers, we have moved beyond reporting infractions to rectifying them,” Aliyu said.

Also read: Rev. Fr. George Ehusani Faults Nigeria’s Anti-Corruption Drive

He assured continued support for NEITI, emphasising that Nigeria’s natural wealth must deliver tangible development outcomes for citizens.

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

business

NNPC Gas Master Plan Targets 2bn Cubic Feet Gas Production by 2030

Published

on

By

NNPC

NNPC Gas Master Plan sets a target of 2bn cubic feet gas production by 2030 to turn Nigeria’s gas reserves into power, industry, jobs and foreign investment

(more…)

Advertisement
Continue Reading

Trending