The Extractive Industries Transparency Initiative (EITI) has congratulated the newly appointed Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kolo Kyari, on his new appointment, saying the office positions him to bring about greater transparency and accountability in NNPC’s management of Nigerian oil and gas revenues.
According to a statement by the NNPC spokesman, the transparency body, headquartered in Oslo, Norway, stated in a congratulatory letter dated 27th June, 2019, to Kyari that it looked forward to working with the new NNPC GMD to build on his earlier engagement in the EITI’s targeted effort on commodity trading transparency, adding that the initiative had contributed to the global momentum in the extractive industries across the world.
Group General Manager, Group Public Affairs Division of the NNPC, Mr. Ndu Ughamadu, said that EITI had already extended an invitation to the newly appointed NNPC GMD who would assume office on 8 July, 2019, to join its targeted effort on State Owned Enterprise (SOE) transparency initiative, which it noted provided a veritable avenue for sharing best practices as it also goes a long way in contributing to shaping evolving global norms in the extractive industries.
The EITI said its Secretariat was ready to provide support for NNPC’s efforts to achieve disclosure of information on its management of Nigeria’s oil and gas revenues in accordance with its set standard.
Ughamadu said the Nigeria Extractive Industries Transparency Initiative (NEITI), which is the local arm of the global body, was directly copied with the congratulatory letter by the international transparency Body. NEITI had earlier congratulated Mallam Kyari on his appointment.