Tuesday, 19 November 2019

Corruption issues in the oil and gas sector can be fixed if the national assembly steps up its oversight functions

OrderPaper Advocacy Initiative (OAI), a legislative interface platform, has asked the national assembly to step up its oversight on the country's oil and gas sector.

In a statement on Monday, Oke Epia, executive director of OAI, said the federal lawmakers could achieve this by engaging the audits carried out by the Nigeria Extractives Industries Transparency Initiative (NEITI).

Epia lamented that previous NEITI reports laid before the national assembly as required by statutes have received little or no attention.

"The reports contain germane recommendations which when implemented can fix issues of corruption and other yawning gaps that have denied Nigerians the benefit of her huge petroleum resources for decades," he said.

"The 2016 NEITI oil nand gas audit put the total financial flows including crude oil sales, taxes, royalties and other income into the federation, other tiers of government and sub-national entities at $17.055 billion."

According to him, some of the recommendations in the report have not been implemented.

"The remediation of financial, physical and process gaps identified in NEITI audits have continued to be a major drag in the governance of the oil and gas sector and this is one core responsibility the current National Assembly must take up with all alacrity and consistency to restore transparency and accountability," he said.

The executive director said his organisation is set to roll out a purpose-built civic technology tool called RemTrack which will simplify the NEITI audit reports and stimulate massive citizen participation in the extractive sector.

"RemTrack, which has been developed in collaboration with the Civil Society Steering Committee (CSSC) of NEITI, will not only encourage informed citizen participation but also advance the performance of legislative oversight over the sector," Epia said.

1 comment:

  1. AFRICAN DATING AGENCY ORGANIZATION,THE BEST CERTIFIED RELIABLE AGENCY COMPANY IN NIGERIAN/GHANA
    ARE YOU SEEKING FOR A RICH SUGAR MUMMY/DADDY/LESBIANS/GAY/ IN NIGERIA, GHANA, US, SPAIN, AND SOME OTHER PART OF THE WORLD ANYONE INTERESTED SHOULD CONTACT AFRICA DATING AGENCY ORGANIZATION DATABASE ADMINISTRATOR IN NIGERIA VIA(+2348145236851)the only true legitimate agency for people who are seeking for rich and wealthy sugar mummy/daddy/lesbian/gay/ in Nigeria/Ghana you can also have the opportunity to attend our sugar mummies parties and the executive ladies and men parties by contacting Africa dating agency.
    for all works of life, we covered all the state in Nigeria/Ghana/ we are fully registered and recognized
    by CORPORATE AFFAIRS COMMISSION, read more
    about us on our official
    magazine called African dating magazine,were you find lots of comment and testimonies of people we have render our service from January 2010 up till date,
    we have links with ladies who are EXECUTIVES, BUSINESS DIRECTORS, ENTREPRENEURS, BIG TIME OIL LADIES, BANKERS, GOLD DEALERS, LADIES WHO OWNS THEIR OWN COMPANIES, OIL RIGS, AND we also have them in FOREIGN COUNTRIES, LIKE DUBAI LONDON, PARIS, UNITED STATES OF AMERICA, we are around the world…. WE DELIVER UNIQUE, RELIABLE, CONFIDENTIAL SERVICE TO ALL OUR CLIENT But you must be very presentable, handsome, pretty and humble, you must also be very good on bed.
    If you are very sure of yourself that you have all these qualities…. then contact African dating agency for hookup within 48 hours and make cool cash, anyone interested should start calling now for hookup…
    WHATSAPP NO…....+2348145236851

    ReplyDelete

we love to hear from you,please drop a comment

Related Posts Plugin for WordPress, Blogger...