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Beneficial Ownership: NEITI to sanction defaulters of company registration

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“So if the person filling the form puts a wrong name there, we will hold him liable and there will be criminal offences against him for lying and putting the wrong name of somebody who is not the beneficial owner. So it is to fish out those surrogates and to bring out the beneficial owners so that we know who they are, explain how they got their monies to get those licenses. So that is the essence of beneficial ownership.”

Buhari believes Niger Delta people deserve a fair deal – Osinbajo

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“The President believes the people of the Niger Delta deserve justice, and for me also it is a very important point,” he said. “The state of the region and the suffering of the people does not reflect the fact that it is the resource base of the country. In-spite of the past leadership failure, the Niger Delta people deserved a fair deal.”

NNPC intensifies anti-corruption drive

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He explained that the principle of corporate governance has been stretched a notch higher with prompt remittances of oil and gas revenue into the Federation Account while it is also a matter of public knowledge that the Corporation has embraced fully the practice of conducting open public bid exercises in sourcing service providers and suppliers for day to day operational requirements.

Nigeria: Researchers announce crude oil deposits found in Bida

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He said, “We have a technology that finds oil faster. We found crude oil at Bida Basin and we used our technology to locate more areas. We have communicated it to Nigerian National Petroleum Company and the State Government. They will use our research and produce oil faster and in abundance.”