NEITI: Stakeholders deploy tool to link politicians to oil, mining assets

Spread the love

By Obas Esiedesa, Abuja 

Stakeholders in the extractive accountability space, Tuesday, launched a platform that has the capacity to link politically exposed persons to oil and gas assets across the country. 

Named ‘Joining the Dots’, the online based tool crossmatches the data on Beneficial Ownership, BO, and politically exposed persons against oil and gas, and mining licences in order to detect the existence of conflict of interest.

The tool was developed jointly by the Nigeria Extractive Industries Transparency Initiative, NEITI, Directorio Legislativo, BudgIT Foundation and Transparency in Totality.

Speaking at the launch in Abuja, the Executive Secretary of NEITI, Dr Orji Ogbonnaya Orji said the tool will help to identify red flags in the licences award processes in Nigeria’s oil, gas and mining sectors. 

“In the past one year, NEITI has provided the technical support to this project, backing it up with the relevant data, information and the agency’s over a decade experience in BOR.

“What we are launching today is the result of that year long behind the scenes work, linking data on PEPs to Nigeria’s BO registers with the CAC and NEITI and the areas of conflicts of interests detected and the companies involved in Nigeria’s extractive industries”, he explained.

Also speaking, Mr Juan Krahl of Directorio Legislativo explained that assessment of data requires adaptability and creativity as Joining the Dots differs in countries.
The post NEITI: Stakeholders deploy tool to link politicians to oil, mining assets appeared first on Vanguard News.

  • Related Posts

    the 10 most mysterious beings in the Bible number one the 24

    Spread the love

    Spread the love https://www.youtube.com/watch?v=lNiQkA2B878 if you can link from line 1 to the last line from this text something great awaits you and send it to us @234 806495 0565…

    Veterinary Experts Say This One Single “Dinner Time Mistake” Could Be Stealing 3-5 Healthy Years From Your Dog’s Life

    Spread the love

    Spread the love Veterinary Experts SayThis One Single “Dinner Time Mistake” Could Be Stealing 3-5 Healthy YearsFrom Your Dog’s Life How old will your dog live to be? 7, 10, 12, 15 years old?…

    You Missed

    Staff Say Military Men Invaded Ikeja Electric, Assaulted Them Over Power Disconnection

    Sales Rep Elohor Moses Ibeh Took Customer’s N13.8m for 3 Trucks of Cement. He Delivered Only One

    Plateau’s 96-Year-Old Takkas Bridge Remains Fragile Despite FG’s N200m Allocation in 2024

    Through Katsina’s Kidnapping Routes: How Terrorists Strike and Escape

    EXPLAINER: How FG Gets Away With Paying ‘Corpers’ N37,000 Less Than Minimum Wage

    Nigerians Slam Finance Minister, SEC for Holding Ribbon Cutting to Launch Podcast