Transparency International calls on the Nigerian government to step up its fight against corruption and welcomes an investigation into the oil sector

Issued by Transparency International Secretariat



Transparency International welcomes the announcement by President Goodluck Jonathan of Nigeria of a full investigation into the oil sector where revenues of up to US$20 billion are alleged to have disappeared from the state-owned oil company, and calls on the government to step up its fight against corruption.

“Missing revenues are depriving Nigerian citizens of a fair share of this wealth that could go to improving health, education and creating employment for the youth. The government owes it to the people of Nigeria to investigate this fully and hold to account those responsible,” said Huguette Labelle, chair of Transparency International.

The news that billions of dollars in oil revenues are not in the country’s national accounts was raised by the governor of the Nigerian Central Bank and various watchdog institutions.

To win against corruption, Nigeria needs effective oversight institutions and no impunity for corruption. Stronger provisions in the much-awaited new oil law could help deliver greater transparency and accountability in Nigeria’s oil sector so that natural resources benefit all citizens. Transparency International urges the government to move quickly on this new legislation.  Nigeria is pumping an average of 2 million barrels per day. Despite being Africa’s largest oil producer, the country has some of the lowest human development indicators in the world. Life expectancy is only 52 years and 85 per cent of the population live on less than US$2 a day.

According to Nigeria’s Extractive Industry Transparency Initiative (NEITI), the Nigerian National Petroleum Corporation (NNPC) owes the government US$ 8.3 billion in oil revenues for the years 2009-2011Nigerian Finance Minister Dr. Ngozi Okonjo-Iweala has also called for an independent forensic audit of the financial accounts of the NNPC.

President Jonathan pledged zero tolerance to corruption when he took office but 84 per cent of Nigerians surveyed by Transparency International in 2012 stated that corruption had increased in the past two years.


For any press enquiries please contact

Saran Koly
Africa Communications Coordinator
T. + 49 30 3438 20690
E. .(JavaScript must be enabled to view this email address)

Latest

Support Transparency International

3 things we’ve learned since the Anti-Corruption Summit in London 2016

In May of last year, 43 governments & six international organisations met at the Anti-Corruption Summit and made 648 commitments. To keep up the pressure and make sure that these promises are kept, we looked at 453 commitments to find out what progress has been made - today Transparency International UK has launched a new report and a global pledge tracker with the results.

Azerbaijani Laundromat: grand corruption and how to buy influence

New investigation into a shady financial network that appears to have funnelled money from a US$2.9 billion Azeri slush fund to pay decision-makers and prominent individuals across Europe.

Elections in Angola: time to tackle corruption

The unofficial results of Angola’s elections are expected on 25 August. This is not cause for celebration unless it brings change. Corruption has for too long enriched a small ruling elite while more than two thirds of the country’s population lives in poverty.

15 ways young people can fight corruption

On International Youth Day, we celebrate youth around the globe and their power to help shape a fairer and more just world. For those who want to join us but don’t know where to start, here are 15 great ideas from our anti-corruption tool kit.

Azerbaijan: closing down civil society

Transparency Azerbaijan has announced that it had to close its two regional legal advice centres due to a restrictive government law blocking foreign donors from giving to civil society.

Six ways business can help deliver the Sustainable Development Goals

Our former chair outlines six ways in which businesses can help reach the SDGs.

No sustainable development without tackling corruption: the importance of tracking SDG 16

12 Transparency International Chapters are at the UN in New York City to share their findings measuring national progress towards Sustainable Development Goal 16, “Peace, Justice and Strong Institutions”.

Social Media

Follow us on Social Media

Would you like to know more?

Sign up to stay informed about corruption news and our work around the world