The National Stakeholders Working Group of the Nigeria Extractive Industries Transparency Initiative (NEITI Board) has ratified the appointment of indigenous company, Haruna Yahaya & Co to conduct the audit exercise of the oil and gas industry for 2015.
The decision was taken by the NEITI Board at its meeting over the weekend, a statement by Dr.Orji Ogbonnaya Orji agency said.
The Board’s decision followed the approval of the competitive contract process undertaken by NEITI by the Bureau of Public Procurement.
Haruna Yahaya & Co had in the past conducted two different cycles of audit for NEITI in the solid minerals sector. The Auditors are expected to conclude the assignment by November this year.
NEITI also announced that it has recorded 94 percent compliance by companies and relevant government agencies in the ongoing audit exercise.
The extractive industry transparency watchdog said that 14 companies topped the ranking table with a maximum score of 100 percent.
The companies are Chevron Nigeria Ltd, Consolidated, Continental, Eroton, Esso Exploration, Mobil Producing Nigeria Unlimited and Niger Delta Petroleum Resources, among others.
Speaking on the ranking exercise, the Executive Secretary of NEITI Mr. Waziri Adio said, “we decided to rank companies and government agencies covered by the NEITI audit process so as to incentivize timely and complete compliance’’.