Nigeria: Oil Audit - NEITI to Probe Status of UN-Reconciled U.S.$5 Billion Revenue

20 September 2011

The Nigerian Extractive Industries Transparency Initiative (NEITI) has disclosed that it would commence probe into the status of the complaint lodged by a group of Civil Society Organisations (CSOs) on the about $4.92billion un-reconciled revenue receipts by the Federal Government, which was noticed in its 2005 audit of Nigeria's oil and gas industry.

NEITI said that it was set to commence a follow-up of the status of the missing revenue receipts supposedly made in favour of the Federal Government by the oil companies operating in the country's oil and gas sector in its bid to set the records straight.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.