Nigeria lost $16bn to non-review of production contracts – NEITI
The Nigeria Extractive Industries Transparency Initiative has said the country lost at least $16billion over a ten-year period due to non-review of the 1993 Production Sharing Contracts with oil companies.
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Nigeria loses $16bn in 10 years from non-review of PSCs - NEITI - Vanguard News NigeriaThe Nigeria Extractive Industries Transparency Initiative, NEITI, yesterday, disclosed that Nigeria lost at least $16 billion over a 10-year period, from 2008 to 2017, due to non-review of the 1993 Production Sharing Contracts, PSC, with oil companies.
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Nigeria loses $16bn to non-review of 1993 PSC deals - NEITI – Daily Trust*says losses could be up to $28bn The Nigeria Extractive Industries Transparency Initiative (NEITI) said the country has lost at least $16billion over a ten-year period (2008 – 2017) due to non-review of the 1993 Production Sharing Contracts (PSCs) with oil companies. NEITI said in a statement by its spokesman, Dr. Orji Ogbonnaya Orji, that …
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Non-review of PSCs causes Nigeria $16b loss- NEITI - The Nation NigeriaA quantitative study by the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that Nigeria lost at least $16b over a ten-year
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NEITI: Oil Sector Accounts for 92.9% of Illicit Financial Flows in Nigeria Annually - THISDAYLIVEBy Chineme Okafor in Abuja Nigeria’s oil and gas sector contributes 92.9 per cent of the total amount of illicit financial flows (IFFs) the country records yearly through companies and persons operating in the sector, a report prepared by experts in the Nigeria Extractive Industries Transparency Initiative (NEITI) and Trust Africa has said. Nigeria is …
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Nigeria loses $18bn yearly to illicit financial flows - NEITI – Daily TrustNigeria is losing between $15billion and $18 bn every year to illicit financial flows (IFFs), the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI) Mr. Waziri Adio said yesterday. Illicit financial flows (IFFs) which is a global challenge are simply monies legally earned but illegally transferred and vice versa, or monies illegally earned …
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Transparency, good governance major problems in mining sector -NEITI – Daily TrustTransparency and good governance issues which are essential for a holistic beneficial development of the mining sector are still low, the Nigeria Extractive Industries Transparency Initiative (NEITI) has said in a report it released yesterday. These problems have remained despite the huge mineral potential which if properly harnessed could substantially increase the revenue profile of …
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Nigeria loses $18b yearly to illicit financial flows | The Guardian Nigeria News - Nigeria and World NewsThe Nigeria Extractive Industries Transparency Initiative (NEITI) has said $18 billion of revenue expected to address the nation’s under-development is diverted yearly in illicit financial flows (IFFs). Presenting a report on “Averting Illicit Financial Flows in Nigeria’s Extractive Industry” yesterday in Abuja, NEITI Executive Secretary, Waziri Adio, noted that over 30 per cent of the …
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