ABUJA: Nigeria’s new leaders will meet Clare Short, the head of the Extractive Industries Transparency Initiative (EITI), to see how the government can stem oil revenue leakage.
The executive secretary of EITI’s Nigerian arm said last week that more than $7.5 billion had been lost between 1999-2011 and still needed to be recovered from oil and gas companies in the country.
Lamido Sanusi, ousted governor of the country’s central bank, was dismissed by former President Goodluck Jonathan after he claimed up to $20 billion in oil revenues from 2012 to 2013 had not been remitted to the government by state-owned Nigerian National Petroleum Corp.
Muhammadu Buhari, Jonathan’s successor, has promised to stamp out oil sector corruption and said he would re-examine this allegation.
