The Nigeria Senate and the House of Representatives have expressed their readiness to grant the Nigerian Extractive Industry Transparency Initiative (NEITI) powers to prosecute offenders in the oil and gas sector.
The Chairman of the House of Representatives Committee on Petroleum Resources (Downstream), Ikeagwuonu Ugochinyere, conveyed this during a meeting with NEITI officials.
He mentioned that the parliament is working on the review of the NEITI Act to empower the agency to implement investigation findings and execute recommendations.
The goal is to enhance transparency, governance, and accountability in the extractive industries.
The Deputy Head of the International Secretariat of NEITI, Bady Balde, emphasized the necessity of updating the NEITI Act to align with current realities.
NEITI’s Executive Secretary, Ogbonnaya Orji, highlighted the importance of implementing investigation reports for effective impact.
