Tag: Nigeria Extractive Industries Transparency Initiative (NEITI)
Nigeria loses $16bn to PSC – NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) said that Nigeria lost at least $16 billion in ten years due to non-review of the 1993 Production Sharing Contracts, (PSC), with oil companies. This was one of ...
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Oil sector responsible for 93% of illicit financial flows in Nigeria – Report
A report released by the Nigeria Extractive Industries Transparency Initiative (NEITI) in partnership with Trust Africa (TA), has revealed that Nigeria’s oil and gas sector contribute the most to the illicit financial flows recorded annually ...
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