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Minister orders NNPC, others to work with NEITI

12 February 2014, 21:18

Lagos -  The Minister of Petroleum Resources, Diezani Alison-Madueke, on Tuesday directed Nigerian National Petroleum Corporation (NNPC) and other agencies under the ministry to collaborate with Nigerian Extractive Industries Transparency Initiative (NEITI) for audit and revenue recovery.

Alison-Madueke gave the directive at the Public Enlightenment Workshop on Oil and Gas Industry Audit organised by NEITI in Lagos.

The minister also urged other stakeholders to cooperate with NEITI in the ongoing audit by providing timely information and data to the agency.

She charged agencies and department under the ministry to work closely with NEITI in the recovery of all revenues due to Federal Government.

“Let me say that NEITI reports are vital instruments which government will continue to work with.

“As a result of the important work of NEITI, an inter-ministerial taxes team has been reconstituted by Federal Government to implements and address all the remedial issues and identify outstanding government revenues,” she said.

Alison-Madueke also said that compliance and cooperation with NEITI in the ongoing 2012 oil and gas audit was mandatory for all energy industries.

She urged civil societies, the media and legislators to make use of NEITI reports for constructive engagement in ensuring accountability and transparency in the nation’s extractive industry.

Also speaking, Zainab Ahmed, NEITI’s Executive Secretary, lauded the minister’s directives toward ensuring prompt and effective oil and gas audit.

She said that sections 16 and 17 of the NEITI Act spelt out penalties for deviants in the nation’s oil and gas industry.

"The Inter-Ministerial Taxes Team will commence its first meeting on Wednesday, February 12 has mandated by Mr. President
“The team is saddled to look into the record of oil and gas companies regarding payment of taxes, royalties and remittance,’’ she said.

Ahmed said the audit would be conducted annually, adding that their visit to Lagos was to kick off the 2012 audit workshop.

“We bring all entities and government agencies to discuss and provide comprehensive data by which the audit agency will work to compute.

“In 2011, most records provided by companies had lots of significant errors that are pointed out to them.

“When these observations are raised, they are passed to Federal Inland Revenue Service (FIRS) and the Directorate of Petroleum Resources (DPR) who in turn raised additional assessment,’’ she said.


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