Connect with us

Hi, what are you looking for?

News

Senate Constitutes Committee To Probe NEITI Report

The Senate has setup an adhoc committee to look into the audit report of the Nigeria Extractive Industry Transparency Initiative (NEITI).

This comes after the NEITI report alleged fraud in the Nigeria’s extraction industry to the tune of 12 billion dollars.

The Senate came up with this decision after listening to a presentation by the Executive Secretary of NEITI, Mr Waziri Adio, on Wednesday at the National Assembly in Abuja.

In his remarks, the Senate President, Dr. Bukola Saraki, announced that the committee has four weeks to submit its report to the upper legislative chamber.

He directed the committee to come up with a draft legislation that would help fight corruption and fraud over non-remittances to the Federation Account.

In his submission, Mr Adio gave recommendations on what should be done to stem the tide of the shortcomings experienced in the extraction sector.

The debate also featured the contributions of some legislators including a representative from Kogi State, Sen. Dino Melaye, and the former Governor of Akwa Ibom State, Sen. Godswill Akpabio.

 

__________

Follow us on Twitter at @thesignalng

Copyright 2015 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to www.signalng.com and other relevant sources.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Related

News

The Nigeria Labour Congress (NLC) has announced an approaching statewide strike, and the Senate has urgently pleaded with the labor organization to reconsider its...

News

After a delayed plenary on Wednesday, the Senate asked the Central Bank of Nigeria (CBN) to considerably adjust its recently announced cash withdrawal limits...

News

Ahead of the May 29 Peoples Democratic Party (PDP) presidential primary, Sokoto State Governor Aminu Tambuwal, former Senate President Bukola Saraki and Bauchi State...

News

A group, Coalition of Saraki Advocates, Kaduna State Chapter, has supported the Peoples Democratic Party on its plan against zoning the 2023 presidential election...

Copyright ©