Browsing: Extractive Industry Transparency Initiative

NEITI says its proposed law on Beneficial Ownership disclosure will increase transparency and accountability in the extractive industries. The agency is pushing for the enactment of a specific law that would compel companies operating in the extractive industries to abide by strict Beneficial Ownership disclosure.

According to him, “NDDC should embrace the principles of EITI on contract transparency and beneficial ownership disclosures. NDDC should carry out urgently project implementation audits. It should conduct a corruption risk assessment of its operations.”