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Nigeria lost N16.3tn to crude oil theft, spent N13tn on fuel subsidies since 2005

The Federal Government of Nigeria stated on Thursday that N13 trillion was spent on petrol subsidies between 2005 and 2021. It also stated that N16.3 trillion was lost to oil theft from 2009 to 2020. | Pulse Nigeria
Abuja Federal Capital Territory Orji Ogbonnaya Petroleum Industry Nigeria Extractive Industries Transparency Initiative Presidential Committee On Crude Oil Theft Petroleum Industry Act
Source: pulse.ng

Nigeria's Journey into beneficial ownership disclosures - Part 2 | The Guardian Nigeria News - Nigeria and World News — Opinion — The Guardian Nigeria News – Nigeria and World News

However, stringent measures are taken to protect legitimate rights, liberty and freedom of the asset owners in managing the disclosures and use of the information.
Abuja Federal Capital Territory City Of United Kingdom Greater Accra Muhammadu Buhari Revenue Service

Zambia commits to beneficial ownership transparency

Zambia officially launched its participation in the Opening Extractives programme. The event affirmed the country’s commitment to beneficial ownership transparency. Government ministries, civil society and company representatives emphasised the contribution of the programme in enhancing beneficial ownership reforms and strengthening natural resource governance.
Edmond Kangamungazi Moses Nyirenda Chewe Chilufya Karabo Rajuili Paul Kabuswe Companies Registration Agency
Source: eiti.org

Zambia achieves high score in EITI implementation

The EITI Board concluded that Zambia has achieved a high score in EITI implementation. Zambia has used the EITI to inform public debate and policy, thanks to a strong foundation for implementation through its multi-stakeholder group, the Zambia EITI Council (ZEC). Some gaps remain to be addressed to build a more transparent extractives sector.
Helen Clark Pandora Papers Companies Act Opening Extractives
Source: eiti.org

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EITI Raises Extractive Sector Transparency in Nigeria, Others with New Measures

Chineme Okafor The global Extractive Industries Transparency Initiative (EITI) and Open Ownership (OO) have set up a ground-breaking, cross-sector partnership with anchor funding from the BHP Foundation, to end the use of anonymous companies linked to corruption and mismanagement in the extractive sectors of Nigeria and other signatory countries. The new initiative which is termed, ‘Opening Extractives,’ aims to make a dramatic and sustainable difference to the level of publicly-available i...
Thom Townsend Chineme Okafor James Ensor Mark Robinson Extractive Industries Transparency Initiative Open Ownership

Changing the game: New global programme to curb extractive industry corruption

Share A new cross-sector partnership between the Extractive Industries Transparency Initiative (EITI) and Open Ownership (OO), supported by the BHP Foundation, aims to end the use of anonymous companies linked to corruption and mismanagement in the extractive sector. The EITI and Open Ownership today launched Opening Extractives, a global programme to advance beneficial ownership transparency. It aims to make a dramatic and sustainable difference to the level of publicly available information...
Thom Townsend James Ensor Mark Robinson International Secretariat Extractive Industries Transparency Initiative Open Ownership
Source: eiti.org

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