ABUJA—Nigeria Extractive Industries Transparency Initiative, NEITI, has reiterated its resolve to recover all outstanding amounts owed the country by oil, gas and mining companies. NEITI also stated that from August this year, its audit processes will be automated to ensure for speedy collection of data to enable it produce timely reports. Speaking during the visit of the Extractive Industries Transparency Initiative, EITI, Implementation Committee, led by its Chairman, Ms Clare Short, in Abuja, Chairman of NEITI, Mr. Ledum Mitee promised to partner with the President Muhammadu Buhari’s administration to reform the country’s oil and gas sector and also tackle the issue of corruption in the extractive industry. NEITI had in one of its report, indicted oil and gas companies operating in Nigeria, including Nigerian National Petroleum Corporation, NNPC, of defrauding the country to the tune of $19.1 billion (about N3.82 trillion) and called on President Buhari to ensure the recovery...
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