Nigeria: NEITI, NNPC Resolve 55% Outstanding Audit Issues allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
By Emmanuel Addeh
A joint committee of the Nigerian National Petroleum Corporation (NNPC) and the Nigeria Extractive Industries Transparency Initiative (NEITI), set up to reconcile areas of disagreement, have resolved 11 outstanding issues arising from past reports.
In a statement yesterday by the Director of Communications and Advocacy, NEITI, Dr Ogbonnaya Orji, the organisation, however, noted that the issues surrounding revenues from Nigeria LNG remain unresolved.
The NEITI-NNPC joint committee on remediation and mainstreaming was inaugurated on November 21, 2019 by the heads of the two organisations and was charged with reconciling 20 legacy issues, producing a status update, and making recommendations for deepening transparency within the NNPC.
The Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday, disclosed that 11 out of the 20 audit issues raised against the Nigerian National Petroleum Corporation (NNPC), in its past audit reports have been resolved.
In a statement in Abuja, NEITI, also noted that eight other issues in its past audit reports against the NNPC were currently being resolved, while only one issue was yet to be resolved.
The unresolved issue, according to NEITI, is the status of the Nigerian Liquefied Natural Gas (NLNG) payments, noting that a joint committee of NEITI and NNPC Joint Committee on Remediation and Mainstreaming, which made the disclosure, also recommended that NNPC publish a statement on the status of the NLNG account.
Vanguard News
NEITI clears NNPC, says 11 audit issues resolved
On
By Michael Eboh
The Nigeria Extractive Industries Transparency Initiative, NEITI, yesterday, disclosed that 11 out of the 20 audit issues raised against the Nigerian National Petroleum Corporation, NNPC, in its past audit reports have been resolved.
In a statement in Abuja, NEITI, also noted that eight other issues in its past audit reports against the NNPC were currently being resolved, while only one issue was yet to be resolved.
The unresolved issue, according to NEITI, is the status of the Nigerian Liquefied Natural Gas’, NLNG, payments, noting that a joint committee of NEITI and NNPC Joint Committee on Remediation and Mainstreaming, which made the disclosure, also recommended that NNPC publish a statement on the status of the NLNG account.