27 Dec NNPC wins global award for oil, gas reforms
The Nigerian National Petroleum Company Limited has won an award as the overall best company in oil and gas reforms at the Open Government Partnership global awards, which was held in Seoul, South Korea.
The Minister of Finance, Budget, and National Planning, Zainab Ahmed, congratulated Nigeria on the award and noted that establishing a beneficial ownership register had helped Nigeria “track, reduce and arrest corrupt practices that are undertaken either by companies or beneficial owners of companies.”
The Deputy Director/Head Communications & Advocacy of the Nigeria Extractive Industries Transparency Initiative, Obiageli Onuorah, said in a statement that a lot of factors were considered before Nigeria was picked for the award.
Onuorah said the summit considered the government’s overall commitment to reforms in the oil, gas, and mining sectors, as well as, the support given to NEITI to establish a beneficial ownership register of companies in a business in Nigeria’s extractive sector.
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