Nigeria: Oil firms accused of corruption

Minister of Solid Mineral Resources, Mrs. Oby Ezekwesili, has accused oil and gas companies operating in the country of corrupt practices, and said that was the reason why they avoid disclosure of their annually generated revenue and expenditures. Ezekwesili, who was speaking in Port Harcourt at the road show of the Nigeria Extractive Industry Trans-parency Initiative (NEITI), said it was to check the sharp practices in the oil industry that President Olusegun Obasanjo has sent a bill to the National Assembly to ensure that the annual revenues and expenditures of oil and gas companies are audited and published.