NIGERIA EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE, 2007

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LAWS OF THE FEDERATION OF NIGERIA

NIGERIA EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE

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EXPLANATORY MEMORANDUM

An Act to provide for the establishment of the Nigeria Extractive Industries Transparency Initiative (NEITI) and for related matters.

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ARRANGEMENT OF SECTIONS

1. Establishment of the Nigeria Extractive Industries Transparency Initiative.
2. Objectives of the Nigeria Extractive Industries Transparency Initiative.
3. Functions of the Nigeria Extractive Industries Transparency Initiative.
4. Appointment of independent auditors and publication of report.
5. Establishment of the National Stakeholders Working Group.
6. Composition of the National Stakeholders Working Group.
7. Tenure of Office of National Stakeholders Working Group.
8. Payment of allowances to the National Stakeholders Working Group.
9. Meetings of the National Stakeholders Working Group.
10. Procedure.
11. Special committees.
12. Appointment of Executive Secretary, consultants and other staff of the National Stakeholders Working Group.
13. Financial provisions.
14. Audited account.
15. Bank account.

Offences and penalties.

17. Regulations.
18. Legal proceedings.
19. Indemnity.
20. Service of notices and process.
21. Interpretation.
22.   Citation.

SCHEDULE – Supplementary Provisions relating to the Nigeria Extractive Industry Transparency Initiative, etc.

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NIGERIA EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE (NEITI) ACT

An Act to provide for the establishment of the Nigeria Extractive Industries Transparency Initiative (NEITI) and for related matters.

[Commencement.] [25th May, 2007]       

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ENACTED by the National Assembly of the Federal Republic of Nigeria.

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ALPHABETICAL INDEX TO THE LAWS OF NIGERIA (UPDATED TO 2018)