The Nigeria Extractive Industries Transparency Initiative (NEITI) has constituted a special team to work towards the development of a road map for full implementation of Beneficial Ownership disclosures in Nigeria.

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The Nigeria Extractive Industries Transparency Initiative (NEITI) has constituted a special team to work towards the development of a road map for full implementation of Beneficial Ownership disclosures in Nigeria.

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Culled from DAILY SUN

Nigeria’s depleting oil revenue could be worse if the lingering dispute between the International Oil Companies (IOCs) and Crude Oil Marketing Division of the Nigerian National Petroleum Corporation (NNPC) is not settled soon. This disclosure is contained in the 2013 Nigerian Extractive Industries Transparency Initiative (NEITI) report.

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The Federal Government has renewed its commitment to the implementation of the global principles of the Extractive Industries Transparency Initiative (EITI) as an important tool for governance of Nigeria’s oil, gas and mining industries.

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