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NEITI and ICPC form joint cooperation on anti-corruption issues in the extractive sector

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NEITI and ICPC form joint cooperation on anti-corruption issues in the extractive sector

By Edith Ike-Eboh

The Nigeria Extractive Industries Transparency Initiative (NEITI) and the Independent Corrupt Practices and Other Related Offenses Commission (ICPC) have established a joint cooperation agreement on anti-corruption issues in the extractive industries.

NEITI revealed this in a statement by its communications and advocacy officer, Ms. Obiageli Onuorah, in Abuja on Wednesday.

She said under the joint cooperation agreement, ICPC would set up a special office for the extractive industry while NEITI would feed the office with information and data on abuses, malfunctions and abuses. corruption issues in extractive industry revenue processes.

He said the decision was part of resolutions taken at a meeting of the two organizations chaired by NEITI Executive Secretary Dr Orji Ogbonnaya Orji and ICPC President Professor Bolaji Owasanoye.

She quoted Orji as saying that joint cooperation has become necessary to strengthen NEITI’s ability to hold covered entities accountable that have not responded positively and in a timely manner to remedial issues contained in NEITI reports.

He welcomed the offer of ICPC to support NEITI operations through enforcement means.

He noted that this would ensure that adequate sanctions and consequences for financial misconduct in the extractive industries are imposed on the entities covered in error.

Additionally, Owasanoye commended NEITI’s initiative to seek partnership and collaboration in areas where NEITI needed help and support.

“I am committed to supporting the Commission within the framework of this joint cooperation agreement.

“We will offer our support in the areas of investigation and prosecution that we consider important steps towards the fight against corruption in the oil, gas and mining sector,” said Owasanoye.

He added that he was proud of the work NEITI was doing, especially in working with the National Assembly and key players in civil society advocacy for the rapid uptake of GDP.

The joint cooperation agreement between the two organizations would be guided by a memorandum of understanding. (NOPE)

(NAN)

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