Corruption blights Nigeria’s oil industry
August 19, 2015
By Al Jazeera
Attempts to rein in corruption in Nigeria’s oil industry are reportedly falling short, leaving many Nigerians asking where most of the wealth has gone.
The country’s newly-elected President, Muhammadu Buhari, has pledged to fight corruption and is investigating claims by the former head of the Central Bank that $20bn of oil revenue went missing from the state oil company.
A report by accounting firm PricewaterhouseCoopers says the national oil company should refund $4.3bn to the government.
But it is not just the oil industry that is plagued by graft.
On a recent visit to Washington, Buhari sought US President Barack Obama’s help in retrieving $150bn stolen by corrupt former officials and held in foreign bank accounts.
Zainab Shamsuna Ahmed, the executive secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), joins the programme to talk about Buhari’s efforts to fight corruption.
Source:: Al Jazeera
Nkemnji Global Tech
Civil society condemn the latest attempt by the DRC government to undertake oil exploration in protected areas
Pan African Visions | October 23, 2020 12:41 am
Pan African Visions | October 23, 2020 12:29 am
Pan African Visions | October 23, 2020 12:05 am
Citizens Manifesto Takes Accountability, Investigations of Zimbabwe’s Perpetrations to Humanity Post Covid-19
Pan African Visions | October 22, 2020 11:38 pm
October 23, 2020 10:24 am
AU Chair condemns violence in Nigeria, urges Buhari’s administration to open investigation into atrocities
October 23, 2020 3:39 am
October 23, 2020 12:50 am
La question du « foncier » au cœur de la 1ére édition de la Journée Nationale de la Décentralisation
October 23, 2020 12:49 am
October 23, 2020 12:45 am