The Economic and Financial Crimes Commission (EFCC) and the Nigeria Extractive Industries Transparency Initiative (NEITI) have agreed to deepen collaboration to strengthen transparency and accountability in Nigeria’s extractive industries.
The resolution was reached on Wednesday, January 21, 2026, when NEITI’s Executive Secretary, Musa Sarkin Adar, led a management delegation on a courtesy visit to EFCC Chairman, Ola Olukoyede, at the Commission’s headquarters.
Speaking during the meeting, Olukoyede described the extractive sector as a critical pillar of Nigeria’s economy and emphasized the need for stronger oversight.
He said NEITI audit reports have continued to serve as key intelligence tools for EFCC investigations, leading to recoveries and enforcement actions, and pledged improved cooperation under the current leadership.
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On his part, Adar said the engagement formed part of NEITI’s stakeholder collaboration strategy since his appointment in November 2025, noting that stronger institutional partnerships are necessary to address governance gaps in the extractive sector.
He added that the meeting reaffirmed both agencies’ commitment to tackling systemic weaknesses in Nigeria’s oil, gas and solid minerals industries, especially as the country prepares to host the global Extractive Industries Transparency Initiative (EITI) forum.
The Economic and Financial Crimes Commission (EFCC) and the Nigeria Extractive Industries Transparency Initiative (NEITI) have agreed to deepen collaboration to strengthen transparency and accountability in Nigeria’s extractive industries.
The resolution was reached on Wednesday, January 21, 2026, when NEITI’s Executive Secretary, Musa Sarkin Adar, led a management delegation on a courtesy visit to EFCC Chairman, Ola Olukoyede, at the Commission’s headquarters in Jabi, Abuja.
Speaking during the meeting, Olukoyede described the extractive sector as a critical pillar of Nigeria’s economy and emphasized the need for stronger oversight to curb fraud and financial leakages.
He said NEITI audit reports have continued to serve as key intelligence tools for EFCC investigations, leading to recoveries and enforcement actions, and pledged improved cooperation under the current leadership.
The EFCC Chairman also disclosed plans to review and strengthen the existing Memorandum of Understanding between both agencies to enhance information sharing and joint enforcement efforts.
On his part, Adar said the engagement formed part of NEITI’s stakeholder collaboration strategy since his appointment in November 2025, noting that stronger institutional partnerships are necessary to address governance gaps in the extractive sector.
He added that the meeting reaffirmed both agencies’ commitment to tackling systemic weaknesses in Nigeria’s oil, gas and solid minerals industries, especially as the country prepares to host the global Extractive Industries Transparency Initiative (EITI) forum.
