Pending Resolution Issues
Refers to issues in which the covered entity has commenced remediation in the intervening period since the issue was reported in the audit. they also include issues for which the covered entity admitted responsibility but has not taken verifiable remedial steps.
| SN | ID | Details of the Issue (Findings) | Entity with Remedial Issue | Entity Accountable for Action | Status of Implementation |
|---|---|---|---|---|---|
| 1 | 0045 | Losses from Crude Theft and Sabotage Losses arising from crude oil theft and sabotage continued in 2016 in the upstream and downstream. ... Read more | NNPC | FMoPR | Pending Resolution |
| 2 | 0042 | Gas Flare Penalties There was a total liability of US$3.632million incurred by 23 companies. This has implication of p... Read more | DPR | Pending Resolution | |
| 3 | 0041 | Signature Bonus There was no payment for signature bonus in 2016. However, payments made by companies as premium fo... Read more | NNPC | FMoPR, Office of The Accountant General of The Federation | Pending Resolution |
| 4 | 0040 | NLNG Dividend, Loan repayment and interest payment NNPC confirmed receipt of US$390.234million being payment of dividend, loan repayment and interest ... Read more | NLNG | NASS, Office of The Accountant General of The Federation, CBN | Pending Resolution |
| 5 | 0039 | First line deductions from federation domestic crude sales proceeds NNPC deducted first line charge for pipeline repairs and maintenance in 2016 was N126.554 billion. ... Read more | NNPC | FEC, Office of The Accountant General of The Federation | Pending Resolution |
| 6 | 0038 | Domestic Crude Sales NNPC did not apply market rate as advised by CBN to convert the sales proceeds received in US dolla... Read more | NNPC | NNPC, CBN | Pending Resolution |
| 7 | 0037 | Operation & Management of Cash Calls US$874.044 million was expended on non-JV cash-call activities. Out of which; US$365.148 million... Read more | NNPC | NNPC | Pending Resolution |
| 8 | 0036 | NPDC Legacy Liability Liability status on Good and Valuable Consideration (GVC) in respect of SPDC and NAOC divested asse... Read more | NPDC,NNPC | DPR, FIRS | Pending Resolution |
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Ozo Isa10 Oct 2019I am hoping the NEITI Remediation is implemented as regards the oil and gas sector
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Ozo Isa10 Oct 2019
I am hoping the NEITI Remediation is implemented as regards the oil and gas sector
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Abdullahi Sadiq25 Aug 2019
ok
3 Comments