NEITINigeria Extractive Industries Transparency Initiative
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She explained to New African that, as NEITI had yet to audit the period that Sanusi had referred to in his accusation that some $20bn was missing (and presumably corruptly diverted) she could not really comment on the former CBN governor's allegations.
The NEITI report added to the complications faced in getting the PIB to be passed.
The NEITI produced two audit reports in 2006 and 2009 that revealed a blatant lack of government oversight over extractive activities and revenues.
In addition, NEITI reports in the sector had also disclosed that over $10.
The NEITI reported added to the complications being faced in getting the PIB to be passed before end-2011.
Also participating were the NNPC, the Power Holding Company of Nigeria, the Energy Commission of Nigeria, the Federal Ministry of the Environment, NEITI, the Nigerian Investment Promotion Commission, and the Nigerian Electricity Regulatory Commission.
Speaking in Abuja, NEITI Executive Secretary Dr Bright Okogwu said close monitoring by the NEITI of the oil companies during the period accounted for the huge savings.
According to the NEITI 2015 Oil and Gas Industry Audit Report, a copy of which was obtained by Nigerian Tribune in Abuja, the total outstanding revenue from the sector as at 2015 was $3.
NEITI said that resulted in a $243m shortfall in royalty payments to the government in 2005.
Pierzynski R/R 6-3 220 12/30/76 8 Yorvit Torrealba R/R 5-11 190 07/19/78 INFIELDERS B/T HT WT BORN 13 Edgardo Altonzo R/R 5-11 185 11/08/73 58 Jamie Athas L/R 6-2 190 10/14/79 59 Angel Chavez R/R 6-1 180 07/22/71 5 Ray Durham S/R 5-8 180 11/30/71 7 Pedro Feliz R/R 6-1 205 04/27/75 28 Lance Niekro R/R 6-3 210 01/29/79 1 Neiti Perez S/R 6-0 175 06/02/73 2 Cody Ransom R/R 6-2 190 02/17/76 6 J.
Orji Ogbonnaya Orji, also said media reports from the presentation attributed to NEITI that Nigeria loses $8 billion a year through crude oil swap were not only wrong but misguiding.
She was speaking at the closing ceremony of a workshop held for firms and state agencies covered by the 2012 NEITI independent audit.