neiti Archives - Freedom Online ...express yourself Mon, 06 Nov 2023 10:19:05 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0.4 https://freedomonline.com.ng/wp-content/uploads/2015/08/cropped-icon-32x32.png neiti Archives - Freedom Online 32 32 Tinubu Drag to Court Over Failure to Probe Missing $15bn, N200bn Oil Revenues https://freedomonline.com.ng/tinubu-drag-to-court-over-failure-to-probe-missing-15bn-n200bn-oil-revenues/?utm_source=rss&utm_medium=rss&utm_campaign=tinubu-drag-to-court-over-failure-to-probe-missing-15bn-n200bn-oil-revenues https://freedomonline.com.ng/tinubu-drag-to-court-over-failure-to-probe-missing-15bn-n200bn-oil-revenues/#respond Mon, 06 Nov 2023 10:19:05 +0000 https://freedomonline.com.ng/?p=210682 The refusal of President Bola Ahmed Tinubu to probe the allegations that over US$15 billion oil revenue and N200 billion budgeted to repair the refineries in Nigeria are missing and unaccounted for between 2020 and 2021 has made  Socio-Economic Rights and Accountability Project (SERAP) filed a lawsuit against the Federal Government. The suit number FHC/L/CS/2334/2023 […]

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]]> https://freedomonline.com.ng/tinubu-drag-to-court-over-failure-to-probe-missing-15bn-n200bn-oil-revenues/feed/ 0 Nigeria lost N16.25trn to crude oil theft in 11 years, says Speaker https://freedomonline.com.ng/nigeria-lost-n16-25trn-to-crude-oil-theft-in-11-years-says-speaker/?utm_source=rss&utm_medium=rss&utm_campaign=nigeria-lost-n16-25trn-to-crude-oil-theft-in-11-years-says-speaker https://freedomonline.com.ng/nigeria-lost-n16-25trn-to-crude-oil-theft-in-11-years-says-speaker/#respond Thu, 07 Sep 2023 18:02:45 +0000 https://freedomonline.com.ng/?p=204430 Speaker of the House of Representatives Tajudeen Abbas on Thursday said that Nigeria lost N16.25 trillion to crude oil theft between 2009 and 2020. The speaker said this while inaugurating the ad hoc committee to investigate crude oil theft and loss of revenue in Abuja. He said the menace of crude oil theft had hampered […]

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]]> https://freedomonline.com.ng/nigeria-lost-n16-25trn-to-crude-oil-theft-in-11-years-says-speaker/feed/ 0 Federal, states, LGs share N4.37trn FAAC allocations Jan-June 2023 – NEITI https://freedomonline.com.ng/federal-states-lgs-share-n4-37trn-faac-allocations-jan-june-2023-neiti/?utm_source=rss&utm_medium=rss&utm_campaign=federal-states-lgs-share-n4-37trn-faac-allocations-jan-june-2023-neiti https://freedomonline.com.ng/federal-states-lgs-share-n4-37trn-faac-allocations-jan-june-2023-neiti/#respond Fri, 01 Sep 2023 10:47:33 +0000 https://freedomonline.com.ng/?p=203799 The three tiers of government – the Federal, States and Local Government Councils (LGs), shared a total of N4.37 trillion from the Federation Account as statutory revenue allocations between January and June 2023. This is contained in the latest report by the Nigeria Extractive Industries Transparency Initiative (NEITI) on the Federation Account revenue allocations for […]

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]]> https://freedomonline.com.ng/federal-states-lgs-share-n4-37trn-faac-allocations-jan-june-2023-neiti/feed/ 0 Nigeria requires $20bn annually for gas expansion projects – NEITI https://freedomonline.com.ng/nigeria-requires-20bn-annually-for-gas-expansion-projects-neiti/?utm_source=rss&utm_medium=rss&utm_campaign=nigeria-requires-20bn-annually-for-gas-expansion-projects-neiti https://freedomonline.com.ng/nigeria-requires-20bn-annually-for-gas-expansion-projects-neiti/#respond Tue, 15 Aug 2023 08:37:48 +0000 https://freedomonline.com.ng/?p=202170 The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigeria requires $20 billion annually to achieve the desired gas expansion plan to bridge the country’s gas infrastructure. Dr Orji Ogbonnaya Orji, NEITI Executive Secretary, at the policy dialogue on Nigeria’s Decade of Gas Action plan on Monday in Abuja said given the shrinking fossil fuel investment […]

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]]> https://freedomonline.com.ng/nigeria-requires-20bn-annually-for-gas-expansion-projects-neiti/feed/ 0 NEITI: Nigeria lost $29bn oil revenue in 2015 https://freedomonline.com.ng/neiti-nigeria-lost-29bn-oil-revenue-2015/?utm_source=rss&utm_medium=rss&utm_campaign=neiti-nigeria-lost-29bn-oil-revenue-2015 https://freedomonline.com.ng/neiti-nigeria-lost-29bn-oil-revenue-2015/#respond Fri, 29 Dec 2017 20:09:49 +0000 http://freedomonline.com.ng/?p=63255   The Nigeria Extractive Industries Transparency Initiative (NEITI), on Friday, said Nigeria lost 54.6 per cent of oil revenue, amounting to $29.7 billion in 2015. NEITI said this in Abuja in its audit-covered operations in the country’s oil and gas industry for 2015. According to the report, the drop in prices of oil in the […]

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]]> https://freedomonline.com.ng/neiti-nigeria-lost-29bn-oil-revenue-2015/feed/ 0 Probe $15.9bn NLNG theft, NEITI urges Reps https://freedomonline.com.ng/probe-15-9bn-nlng-theft-neiti-urges-reps/?utm_source=rss&utm_medium=rss&utm_campaign=probe-15-9bn-nlng-theft-neiti-urges-reps https://freedomonline.com.ng/probe-15-9bn-nlng-theft-neiti-urges-reps/#respond Wed, 07 Jun 2017 21:45:23 +0000 http://freedomonline.com.ng/?p=53664 The Nigerian Extractive Industry Transparency Initiative (NEITI) has urged the House of Representatives to probe the alleged loss of $15.9 billion dividends accrued to the Federal Government. Executive Secretary of NEITI, Mr Waziri Adio, made the call at the ongoing investigative hearing on $17 billion undeclared crude oil proceeds by an ad hoc committee of […]

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]]> https://freedomonline.com.ng/probe-15-9bn-nlng-theft-neiti-urges-reps/feed/ 0 NEITI urges FG to probe $15.8bn NLNG dividends to NNPC https://freedomonline.com.ng/neiti-urges-fg-probe-15-8bn-nlng-dividends-nnpc/?utm_source=rss&utm_medium=rss&utm_campaign=neiti-urges-fg-probe-15-8bn-nlng-dividends-nnpc https://freedomonline.com.ng/neiti-urges-fg-probe-15-8bn-nlng-dividends-nnpc/#respond Thu, 06 Apr 2017 21:17:06 +0000 http://freedomonline.com.ng/?p=51001 The Nigeria Extractive Industries Transparency Initiative (NEITI) has urged the Federal Government to probe the status and utilisation of dividends and loan repayments by NLNG to NNPC from 2000 – 2014. Waziri Adio, Executive Secretary of NEITI, made the call in a statement by its spokesman, Dr Orji Ogbonnaya Orji, on Thursday. According to him, […]

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]]> https://freedomonline.com.ng/neiti-urges-fg-probe-15-8bn-nlng-dividends-nnpc/feed/ 0 NNPC yet to remit $15.8bn to Federation Account, says NEITI https://freedomonline.com.ng/nnpc-yet-remit-15-8bn-federation-account-says-neiti/?utm_source=rss&utm_medium=rss&utm_campaign=nnpc-yet-remit-15-8bn-federation-account-says-neiti https://freedomonline.com.ng/nnpc-yet-remit-15-8bn-federation-account-says-neiti/#respond Tue, 14 Mar 2017 16:12:41 +0000 http://freedomonline.com.ng/?p=49951 The Nigeria Extractive Industries Transparency Initiative (NEITI) says the Nigerian National Petroleum Corporation (NNPC) is yet to remit $15.8 billion collected from Nigeria Liquefied Natural Gas (LNG) to the Federation Account, in spite of the report submitted to the Federal Government. Mr Peter Ogbobine, Director Legal, NEITI, said in Abuja on Tuesday that the figure […]

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]]> https://freedomonline.com.ng/nnpc-yet-remit-15-8bn-federation-account-says-neiti/feed/ 0 FAAC: 30% allocation drop may affect 2016 budget implementation, says NEITI https://freedomonline.com.ng/faac-30-allocation-drop-may-affect-2016-budget-implementation-says-neiti/?utm_source=rss&utm_medium=rss&utm_campaign=faac-30-allocation-drop-may-affect-2016-budget-implementation-says-neiti https://freedomonline.com.ng/faac-30-allocation-drop-may-affect-2016-budget-implementation-says-neiti/#respond Mon, 24 Oct 2016 17:15:59 +0000 http://freedomonline.com.ng/?p=43533 The Nigerian Extractive Industries Transparency Initiative (NEITI) says disbursements from the Federation Account to the three tiers of government plunged by 30 per cent in the first half of 2016. A report signed by NEITI Director of Communications, Dr. Orji Ogbonnaya Orji, on Monday in Abuja, stated that the decline might affect this year’s budget […]

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]]> https://freedomonline.com.ng/faac-30-allocation-drop-may-affect-2016-budget-implementation-says-neiti/feed/ 0 NEITI to National Assembly: Use our audit reports to strengthen lawmaking, other functions https://freedomonline.com.ng/neiti-to-national-assembly-use-our-audit-reports-to-strengthen-lawmaking-other-functions/?utm_source=rss&utm_medium=rss&utm_campaign=neiti-to-national-assembly-use-our-audit-reports-to-strengthen-lawmaking-other-functions https://freedomonline.com.ng/neiti-to-national-assembly-use-our-audit-reports-to-strengthen-lawmaking-other-functions/#respond Wed, 20 Jul 2016 13:08:59 +0000 http://freedomonline.com.ng/?p=38728 The Nigeria Extractive Industries Transparency Initiative (NEITI) has urged the National Assembly to use NEITI’s audit reports to strengthen its lawmaking, oversight, and checks and balances functions. The Executive Secretary of the agency, Mr Waziri Adio, gave the advice while speaking on the News Agency of Nigeria (NAN) Forum in Abuja. Extractive industry is a […]

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]]> https://freedomonline.com.ng/neiti-to-national-assembly-use-our-audit-reports-to-strengthen-lawmaking-other-functions/feed/ 0 EFCC constitutes Task Force on 2013 NEITI Audit Report https://freedomonline.com.ng/efcc-constitutes-task-force-on-2013-neiti-audit-report/?utm_source=rss&utm_medium=rss&utm_campaign=efcc-constitutes-task-force-on-2013-neiti-audit-report https://freedomonline.com.ng/efcc-constitutes-task-force-on-2013-neiti-audit-report/#respond Fri, 17 Jun 2016 19:50:32 +0000 http://freedomonline.com.ng/?p=37058   The Economic and Financial Crimes Commission (EFCC) has set up a Joint Task to implement the 2013 Audit Report recently released by the Nigeria Extractive Industries Transparency Initiative (NEITI). This is contained in a statement in Abuja on Friday by NEITI’s Director of Communication, Dr Orji Ogbonnaya Orji. The statement said the Chairman of […]

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]]> https://freedomonline.com.ng/efcc-constitutes-task-force-on-2013-neiti-audit-report/feed/ 0 Senate invites NEITI Secretary over alleged missing N1trn https://freedomonline.com.ng/senate-invites-neiti-secretary-over-alleged-missing-n1trn/?utm_source=rss&utm_medium=rss&utm_campaign=senate-invites-neiti-secretary-over-alleged-missing-n1trn https://freedomonline.com.ng/senate-invites-neiti-secretary-over-alleged-missing-n1trn/#respond Thu, 02 Jun 2016 20:16:58 +0000 http://freedomonline.com.ng/?p=36456   The Senate on Thursday invited Mr Waziri Adio, the Executive Secretary, Nigerian Extractive Industries Transparency Initiative (NEITI), to brief it on an alleged N1 trillion missing in the oil and gas industry. The invitation followed a motion by Senator Tijjani Yahaya (APC-Zamfara North) on fraudulent activities in the oil and gas industry as contained […]

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]]> https://freedomonline.com.ng/senate-invites-neiti-secretary-over-alleged-missing-n1trn/feed/ 0 NEITI: In 2013, FG earned $58.07bn, lost $3.8bn https://freedomonline.com.ng/neiti-in-2013-fg-earned-58-07bn-lost-3-8bn/?utm_source=rss&utm_medium=rss&utm_campaign=neiti-in-2013-fg-earned-58-07bn-lost-3-8bn https://freedomonline.com.ng/neiti-in-2013-fg-earned-58-07bn-lost-3-8bn/#respond Mon, 23 May 2016 16:54:12 +0000 http://freedomonline.com.ng/?p=35876 The Federal Government’s total revenue flows to the Federation Account stood at $58.07 billion while its revenue losses stood at $3.8 billion in 2013. Dr Kayode Fayemi, the Minister of Solid Minerals, who announced this, however, said N358.3 billion was part of the loss in the year. Fayemi, who doubles as Chairman, Governing Board of […]

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]]> https://freedomonline.com.ng/neiti-in-2013-fg-earned-58-07bn-lost-3-8bn/feed/ 0 NEITI Executive Secretary, Waziri Adio declares assets https://freedomonline.com.ng/neiti-executive-secretary-waziri-adio-declares-assets/?utm_source=rss&utm_medium=rss&utm_campaign=neiti-executive-secretary-waziri-adio-declares-assets https://freedomonline.com.ng/neiti-executive-secretary-waziri-adio-declares-assets/#respond Thu, 14 Apr 2016 12:41:18 +0000 http://freedomonline.com.ng/?p=33757 As required by paragraph 11 of the 5th Schedule of the 1999 Constitution and Section 15 of the Code of Conduct Bureau and Tribunal Act, I have submitted Form CCB 1. My Declarant ID is FGAO: 000512. Form CCB 1 is the Assets Declaration Form for Public Officers, which all elected and appointed public officers […]

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]]> https://freedomonline.com.ng/neiti-executive-secretary-waziri-adio-declares-assets/feed/ 0 Buhari appoints Waziri Adio as NEITI Executive Secretary https://freedomonline.com.ng/buhari-appoints-waziri-adio-as-neiti-executive-secretary/?utm_source=rss&utm_medium=rss&utm_campaign=buhari-appoints-waziri-adio-as-neiti-executive-secretary https://freedomonline.com.ng/buhari-appoints-waziri-adio-as-neiti-executive-secretary/#respond Tue, 23 Feb 2016 21:03:38 +0000 http://freedomonline.com.ng/?p=31319 President Muhammadu Buhari has approved the appointment of Mr Waziri Adio as Executive Secretary of Nigeria Extractive Industries Transparency Initiative (NEITI). This is contained in a statement by Mr Bolaji Adebiyi, Director of Press, Office of Secretary to Government of the Federation (SGF), in Abuja on Tuesday The statement said the President also approved the […]

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