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 » Senate To Debate NEITI Report, Says Saraki

    Senate To Debate NEITI Report, Says Saraki

    May 31, 2016
    Share
    Facebook Twitter LinkedIn WhatsApp

    31 May 2016, Abuja – The President of the Senate, Dr. Abubakar Bukola Saraki, on Tuesday said that the Senate would debate the 2013 Audit Report of the Nigeria Extractive Industry Transparency Initiative (NEITI) in view of the mind boggling revelations of mismanagement contained therein.

    *Senator Abubakar Bukola Saraki.
    *Senator Abubakar Bukola Saraki.

    Saraki, according to a statement in Abuja by his Chief Press Secretary, Sanni Onogu, disclosed this when the the Executive Secretary of NEITI, Waziri Adio led the management of the transparency body to present a copy of its 2013 Audit report to the Senate President.

    He lauded the NEITI boss for the approach to formally present the report to the Senate apart from sending the report to the relevant committees.

    Saraki said: “I agree with you entirely that this type of opportunity also enables us to strengthen the institutions such as yours that have the responsibility of improving the governance and transparency administration of the management of our resources.

    “In preparation for this courtesy call, I studied the report in the early hours of this morning, and honestly I was just dumbfounded about the figures that we are talking about.

    “This is just 2013, one year’s report. It is not cumulative. In one year’s audit report you are talking about figures of over $3.8billion at that time I am sure the rate was close to N150 per dollar. So you are talking about N650billion. Then you are talking about another N358billion which brings it close to about N1trillion”.

     

    • Vanguard

    Related News

    Firm set to offer services to unlock energy, others growth in Africa

    EU working closely to get trade deal with US, ready for all scenarios, von der Leyen says

    Battery electric cars produce 73% less emissions -research

    E-book
    Resilience Exhibition

    Latest News

    OPEC says world economy may do better in second half of year

    July 15, 2025

    Oil eases as Trump’s 50-day deadline for Russia reduces supply fears

    July 15, 2025

    Seplat Energy highlights the increasing role of indigenous companies

    July 15, 2025

    NCDMB unveils Nigerian Content Fund Certificate, empowers 130 firms with $400m NCI Fund

    July 15, 2025

    NIMASA docks Deep Blue Vessel at Nigerdock for repairs

    July 15, 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.