Waziri Adio, executive secretary
of the Nigeria Extractive Industries Transparency Initiative (NEITI), says the
federal government will publish the beneficial ownership register for the oil
and gas industry on December 12.
The beneficial ownership register
is expected to contain information on the actual owners of the extractive
industries companies, irrespective of the names of those who manage them in
trust for their principals.
NAN reports that Adio was
addressing journalists after a meeting with Mark Robinson, head of the
international secretariat of the global Extractive Industries Transparency
Initiative (EITI), who is on a working visit.
Adio said that the meeting was
organised for journalists and civil society groups to exchange views on EITI
implementation in Nigeria, and the ongoing reforms in the oil, gas and mining
sectors.
Adio was represented by Orji
Ogbonnaya Orji, NEITI’s director of communications and advocacy.
In his remarks, Robinson
commended Nigeria for the effort it was making to ensure transparency in the
oil and gas, mining sectors operations.
Robinson said the group managing
director of the Nigerian National Petroleum Corporation (NNPC) informed him
that the corporation was looking into remediation that had been reoccurring in
the NEITI audit reports.
Also speaking, Dieter Bassi,
NEITI’s technical director, said that NNPC had been very helpful to the
watchdog organisation in its operation.
He said that there were community
development agreements that had been signed by the companies and there were
always issues about who signed on their behalf.
According to Bassi, NEITI’s
reports cover revenue from the minerals sector however, there are limitations
to accessing the location of illegal miners, so the reports concentrate on
companies that make regular payments.
Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com