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Release Of Audit Report: NEITI is On Course
By Orji Ogbonnaya Orji        Newsdiaryonline Wed Sep 14,20111

 
Zainab Ahmed,NEITI Scribe

The attention of Nigeria Extractive Industry Transparency Initiative (NEITI) has been drawn to a press statement issued by some Civil Society Organisations including the CISLAC (Civil Society Legislative Advocacy Centre) urging NEITI to release the 2006-2008 Audit report.

It is of public interest to note that NEITI released the first part of the 2006-2008 audit report covering financial flows six months ago, precisely on the 1st of February 2011. The report has been on NEITI website since that date till today. 

The media and some civil society organisations have continued to avail themselves of the content of this very important document in their engagement with NEITI, Government and Companies because it has always being in the public domain.

On release of the initial part of the audit, NEITI promptly informed the public that it will require sufficient time to conclude the physical and process audits in view of the complex nature to be in a position to release the full report. 

The comprehensive audit has been concluded and approved by the NEITI Board at its meeting held in Uyo, Akwa Ibom State on 27th June, 2011. 

However, the approval of the report was on condition that auditors address some key observations before presentation to the Federal Executive Council and the National Assembly as required by law. The finalised document was received from the auditors by NEITI Secretariat on Monday 5th September 2011 and a memo to the Federal Executive Council is now ready and is expected to be presented after a meeting of the NEITI Board on the 27th of September 2011. These steps NEITI considers important before dissemination.

On the 2009 -2011 audit of the oil and gas sector, the procurement process has reached advance stage. Expression of interest and request for proposal have been received and evaluated and public opening of the financial bid for the projects are to be held on Friday 16th of September 2011 after which a consultant will emerge to handle the projects.

NEITI hopes to conclude these projects by the third quarter of 2012, by that time, NEITI would have covered all the lost grounds by bringing it audit up to date

On the solid minerals audit, a mining scoping study is in progress and expected to be concluded in October 2011 setting the stage for the audit to commence. The evaluation for the request for proposal to select the consultant for the project is in progress through a rigorous competitive procurement process expected to be concluded by middle October 2011.

Other activities which the NEITI Secretariat are aggressively implementing to enthrone prudence and corporate governance of the extractive revenue management in the country includes resource disbursement audit forwhich procurement process is equally in progress to be concluded by October.

It is important to appreciate that the civil society organisations including CISLAC have legitimate interests on the activities of NEITI but must also acknowledge that the new management team in NEITI are on track in the implementation of 2011 workplan. All NEITI programmes to meet its mandate to the public are on course.

At the moment NEITI has commenced a nation-wide training for Civil Society Organisations to strengthen their capacity on the interpretation, management and use of information contained in the audit report to hold government and companies to account.  

There is no motivation whatsoever to delay the release of NEITI Audit reports or delay implementation of any of the task already earmarked for implementation.

NEITI has remained regularly in communication with the global EITI and the international community on its activities in view of the importance to rating Nigerian’s commitment to the process.

Orji Ogbonnaya Orji is Director Communications ,NEITI      

 

 

 








 

 

 

 

 


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