• News - North Central - FCT
  • Updated: November 10, 2023

Transparency: NEITI Seeks EFCC’s Support in Extractive Industries

Transparency: NEITI Seeks EFCC’s Support in Extractive Ind

In a bid to ensure transparency and accountability in the extractive industries, the Nigeria Extractive Industries Transparency Initiative (NEITI) has urged the Economic and Financial Crimes Commission (EFCC) to back it up. 

The call was made in Abuja on Friday, November 10, 2023, by the Executive Secretary of the Initiative, Dr Orji Ognonaya Orji when he led his team on a courtesy visit to the Executive Chairman of the EFCC, Ola Olukoyede at the corporate headquarters of the EFCC, in Jabi, Abuja.

Orji stated that the mission of NEITI was to make the extractive industry open and accountable and solicited the support of the EFCC to enforce compliance of industries falling short of its standards on disclosure of information and data.
“We need the strong support of the EFCC to enforce compliance with disclosure of information and data by companies”,  he said. In a presentation made to the management staff of the Commission, Orji disclosed that 28 out of the 36 states of the federation are sourcing 84% of their revenue from allocation from the federation accounts.

“NEITI findings and recommendations are leading reforms in the oil, gas and mining industries for the Initiative to deliver more optimal results to the nation, he called for stronger collaboration and synergy with the EFCC. 

“Our allies in this industry are few but with an ally like the EFCC, we feel strong and confident”, he said. 

He also called for joint training, capacity building and manpower development for staff of the EFCC and NEITI.

In his response, the EFCC’s boss noted that every anti-corruption effort should always stand on the pillar of transparency. He particularly stressed that lessons learnt as a result of fraud investigation should be a guiding principle for individuals, organizations and nations. 

“Corruption investigation is not just for investigation’s sake. Lessons learnt should always be applied," he said. 

He assured NEITI of enhanced collaboration saying, “We will renew our collaboration and mutual support.  We will allow NEITI desks in our Zonal offices.” 

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