Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » NEITI hails composition of its new board

    NEITI hails composition of its new board

    August 16, 2012
    Share
    Facebook Twitter LinkedIn WhatsApp

    16 August 2012, Sweetcrude, ABUJA – THE Nigeria Extractive Industries Transparency Initiative, NEITI, has commended the Federal Government for appointing professionals as members of its new National Stakeholders Working Group, NSWG.

    This is contained in a statement issued on Thursday in Abuja and signed by NEITI’s Director of Communications, Mr Orji Ogbonnaya Orji.

    The statement said government’s decision to select members of the board from the civil society, industry-related unions and representatives of the six geo-political zones was a demonstration of commitment to respect NEITI’s independence and objectives.

    “NEITI is also satisfied that the composition complies with the provisions of NEITI Act 2007 and the expectations of the global
    Extractive Industries Transparency Initiative operating in over 45 countries for which Nigeria voluntarily signed up to as a founding member since 2003.”

    It noted that the composition of a formidable NEITI Board would further give policy direction to the agency and its operations as well as help to ensure efficiency in its continuous audit of the oil and gas sector and the solid minerals sector.

    The statement described the move as a policy boost to the implementation of comprehensive strategic plan on remediation recently developed by the Inter-ministerial Task Team, set up by government to translate NEITI’s Audit Report findings and recommendations into visible impacts.

    “The coming of the new board is consistent with NEITI’s commitment to meet its post-compliant programmes as required by the global EITI,” it added.

    It said that NEITI as a major anti-corruption agency in the Nigerian Extractive Sector was encouraged by the development “as it will strengthen its position and influence as a model in the EITI implementation around the world’’.

    The statement urged the new board to build on the achievements of the former board led by Prof. Assisi Asobie, and pledged management’s cooperation in the discharge of their duties.
    It would be recalled that President Goodluck Jonathan on Tuesday appointed a 15-man NSWG for NEITI, led by Mr Ledum Mitee.

    Related News

    AfDB strengthens capacity to tackle illicit financial flows

    FG, States, LGCs share N1.659 revenue in May 2025

    FAAC disburses N1.659trn for May as VAT, CIT revenues surge

    E-book
    Resilience Exhibition

    Latest News

    Oil falls nearly 4% as Iran’s retaliation focuses on regional US military basesOil falls nearly 4% as Iran’s retaliation focuses on regional US military bases

    June 23, 2025

    Trump tells everyone to keep oil prices down after Iran attacks

    June 23, 2025

    Golar LNG reaches crucial milestone for Greater Tortue Ahmeyim project

    June 23, 2025

    Empowering solutions for South Africa’s energy future

    June 23, 2025

    AEW 2025 promotes Africa-centric energy transition with dedicated program track

    June 23, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.