• 11 issues deemed fully resolved, 8 issues being resolved, and one issue remains unresolved

The Nigeria Extractive Industries Transparency Initiative (NEITI) said most of the issues listed against the Nigerian National Petroleum Corporation (NNPC) in past reports are either fully resolved or are being addressed.

A statement by NEITI director, communication and advocacy, Dr. Orji Ogbonnaya Orji said this is contained in report submitted by a joint committee of the two organisations.

This followed the inauguration of The NEITI-NNPC Joint Committee on Remediation and Mainstreaming a year ago by the heads of the two institutions and was charged with reconciling 20 legacy issues, producing a status update, and making recommendations for deepening transparency within the NNPC.

Furthermore, NEITI and NNPC resolved to continue to work together on NNPC’s 13-point action plan on mainstreaming as the framework for deepening openness within the national oil company, building on NNPC’s monthly reports, the historic publication of its audited financial statements for 2018 and 2019, and the decision by NNPC to join the global EITI as a supporting company.

“We acknowledge the significant strides towards openness by the current management of NNPC,” said Waziri Adio, the Executive Secretary of NEITI.

“While remediation is about looking back, mainstreaming is about looking forward. Both are about being transparent and being accountable. And what we have seen on both fronts is concrete commitment. We urge you to keep this up and we want you to know we are always here to partner with you.”

On his part, the GMD of NNPC, Mr. Mele Kyari, said: “NNPC is committed to expanding the frontiers of transparency and accountability. We believe there should be full disclosure of our transactions, not just in alignment with the EITI, but also because Nigerians need to have full visibility of our operations. We are always eager to work with NEITI on this.”

The full report of the NEITI-NNPC Joint Committee on Remediation and Mainstreaming is available on NEITI’s www.neiti.gov.ng