Nigeria: NEITI, EFCC, Nfiu Move to Unravel Owners of Oil Assets

15 April 2021

Nigeria Extractive Industries Transparency Initiative (NEITI) said yesterday that it was working with the Economic and Financial Crimes Commission (EFCC), the Nigerian Financial Intelligence Unit (NFIU) and other anti-graft agencies to unravel the real owners of assets in the oil and gas industry.

Coming under the beneficial ownership principle, the collaboration, it said, would make public the identities of persons or entities who bid for, operate or invest in extractive assets and their level of ownership and details of how ownership or control is exerted.

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