We commend @NNPCgroup for joining the @EITIorg as a partner company!
This is a laudable step towards adopting best practices for transparency by the agency.
We will be looking out for @NNPCgroup's activities in line with its new status as a member of @EITIorg.
Thread!
As a partner company, @NNPCgroup is expected to
1. Publicly declare support for the @EITIorg Principles, and by promoting transparency throughout the extractive industries, help public debate as well as provide opportunities for sustainable development.
#FixOurOil
2. Publicly disclose taxes & payments
3. Ensure comprehensive disclosure of taxes and payments made to all EITI implementing countries
4. Publicly disclose beneficial owners & take steps to identify the beneficial owners of direct business partners, including JVs & contractors
5. Engage in rigorous procurement processes, including due diligence in respect to partners & vendors.
6. Deliver natural resources in a manner that benefits societies and communities.
#FixOurOil
7. Ensure that company processes are appropriate to deliver the data required for high standards of accountability.
#FixOurOil
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