The Extractive Industries Transparency Initiative (EITI) has conferred on the Nigerian National Petroleum Corporation (NNPC) highest discloser status.
Just as it said the corporations operations under current Group Managing Director, Dr. Maikanti Baru has been transparent.
The accolade is the most prestigious and credible medal on offer in the international extractive industries circle.
NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, in a release Sunday in Abuja stated that the recognition was conveyed to the Group Managing Director of the corporation, Dr. Maikanti Baru, through a letter dated 5 March, 2019 and endorsed by Waziri Adio, Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), on behalf of its parent global body.
The document said the decision to confer the award on the NNPC was reached at EITI’s Board meeting in Kiev, Ukraine, on 27 February, 2019, having adjudged Nigeria to have attained “Satisfactory Progress in implementing all EITI requirements”.
The report said: “Nigeria is the first Anglophone African country and one of the seven countries within the EITI community to have attained this status so far.
EITI explained that the award was a milestone for Nigeria and a clear recognition and appreciation of the invaluable role of NNPC.
NEITI stated: “We particularly note and commend the increasing collaboration and cooperation from NNPC and its subsidiaries and the new wave of reforms which your organization exemplifies by the monthly disclosure of operational and financial data of the National Oil Company’’.
