Mr Waziri Adio, the Executive Secretary Nigeria Extractive
Industries Transparency Initiative says the Federal Government will
soon unveil the beneficial ownership register for the oil and gas
industry.
Adio, who disclosed this to newsmen in Abuja on Tuesday said the
register would be unveiled on December 12.
The beneficial ownership register is expected to contain
information on the actual owners of the extractive industries
companies, irrespective of the names of those who manage them in
trust for their principals.
He spoke after a meeting with the Head of International
Secretariat of the global Extractive Industries Transparency
Initiative, Mr Mark Robinson who was in Abuja on a working
visit.
Adio said that the meeting was organised for journalists and
Civil Society Groups to exchange views on EITI implementation in
Nigeria, and the ongoing reforms in the oil, gas and mining
sectors.
Adio was represented by the Director, Communications and
Advocacy, Dr. Orji Ogbonnaya Orji.
In his remarks, Robinson commended Nigeria for the effort it was
making to ensure transparency in the oil and gas, mining sectors
operations.
Robinson said that the Group Managing Director of the Nigerian
National Petroleum Corporation informed him that the corporation
was looking into remediation that had been reoccurring in the NEITI
audit reports.
“The NNPC is addressing a lot of the issues that the NEITI
reports have indicated over the years,’’ he said.
Also speaking, NEITI’s Director, Technical, Dr Dieter Bassi said
that NNPC had been very helpful to the watchdog organisation in its
operation.
He said that there were community development agreements that
had been signed by the companies and there were always issues about
who signed on their behalf.
The report of NEITI, according to him, also covers the revenue
from the minerals sector but there were limitations about accessing
where the illegal miners are, so the reports only cover companies
that make regular payments. (NAN)
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