The 4.4 billion naira in dispute between the Petroleum Products Pricing Regulatory Agency and the Nigeria Extractive Industries Transparency Initiative (NEITI) has been reconciled and traced to the petroleum support fund account domiciled with the Central Bank of Nigeria.
The resolution of the disputed amount followed a reconciliatory meeting by the two organisations.
A communique, which was signed by the executive secretaries of NEITI and PPPRA, Mrs Zainab Ahmed and Mister Reginald Stanley, said the meeting evolved strategies for NEITI and PPPRA to address other issues arising from the NEITI report, adding that it used the platform of the inter-ministerial task team set up by president Goodluck Jonathan to address remedial issues arising from NEITI’s report.
The executive secretaries also resolved to ensure the effective communication network between the two agencies for inter-agency cooperation.
