The Nigeria Extractive Industries Transparency Initiative on Sunday released a letter sent to it by the Petroleum Products Pricing Regulatory Agency, acknowledging the draft audit report of NEITI.

This, it said, showed that the PPPRA was informed of its N4.423bn debt to the federation, arising from over-recovery collected from independent oil marketers between 2008 and 2009.

NEITI’s action was prompted by the PPPRA’s earlier statement that it never signed off any document endorsing the recently released audit report.

The PPPRA had described the report as confusing and urged NEITI to desist from misleading Nigerians.

But the Director of Communications, NEITI, Dr. Ogbonnaya Orji, who showed journalists a letter dated June 28, 2013 sent to his organisation by the PPPRA, said, “When the draft report was finally ready, it was made available to all agencies for their vetting, and more inputs where necessary.

“I wish to state that the PPPRA received the draft report, reviewed it, and participated in the final reconciliatory meeting.

“After that meeting from where all other agencies and companies signed-off, the PPPRA still came up with additional information on the 28th of June; clearly two days before the final deadline with a letter ref A4/4/735/c.288/1/687/10. In that letter, the PPPRA specifically requested NEITI to consider same as ‘superseding all earlier correspondences on the issues.’ In the EITI/NEITI process that was ‘a sign-off.”


Information from Punch was used in this report.