Nigeria’s state oil firm, Nigerian National Petroleum Corporation (NNPC) Limited, failed to remit $1.9bn to the government’s account at the end of 2021, NEITI says in its audit report for 2021.
Ogbonnaya Orji, head of NEITI at the unveiling of the report in Abuja on Monday, said the organisation discovered this information and felt it was “important that the public knows about it.”
NEITI publishes a yearly audit of the oil, gas, and solid minerals sector. While the reports provide critical insights into the financial activities of the energy sector, they have been criticised for coming out too late for meaningful action to be taken against companies and government agencies, the report indicts.
Isaac Anyaogu is an Assistant editor and head of the energy and environment desk. He is an award-winning journalist who has written hundreds of reports on Nigeria’s oil and gas industry, energy and environmental policies, regulation and climate change impacts in Africa. He was part of a journalist team that investigated lead acid pollution by an Indian recycler in Nigeria and won the international prize - Fetisov Journalism award in 2020.
Mr Anyaogu joined BusinessDay in January 2016 as a multimedia content producer on the energy desk and rose to head the desk in October 2020 after several ground breaking stories and multiple award wining stories. His reporting covers start-ups, companies and markets, financing and regulatory policies in the power sector, oil and gas, renewable energy and environmental sectors
He has covered the Niger Delta crises, and corruption in NIgeria’s petroleum product imports.
He left the Audit and Consulting firm, OR&C Consultants in 2015 after three years to write for BusinessDay and his background working with financial statements, audit reports and tax consulting assignments significantly benefited his reporting.
Mr Anyaogu studied mass communications and Media Studies and has attended several training programmes in Ghana, South Africa and the United States
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