THE Nigerian Extractive Industries Transparency Initiative, NEITI, has recanted its earlier position that it uncovered $22.8 billion unremitted oil revenue by the Nigerian National Petroleum Corporation, NNPC.

THE Senate Committee on Finance investigating the alleged failure of the Nigerian National Petroleum Corporation to remit $20 billion into the Federation Account said yesterday that the forensic report of consultants the committee hired to look into the account of the NNPC on the missing fund would be ready next week.

ONE of the major challenges facing us as a nation is the lack of authentic history. Just like in a war situation, it is the one that emerges victorious that tells the story, everyone tells his story from his own perspective. Our allocation of resources have been so skewed in favour of the centre, that historical records are being distorted, to give ethnic groups advantage. No ethnic group or region is left out, everyone wants to take control of the centre to confer economic advantage to self and ethnic interest. That is why the national conference must tackle the issue of regional and states autonomy very seriously. So there will be no need to falsify history and records to secure undue advantage at the federal level

Whistleblowers certainly have a role to play to promote accountability in public administration; however, when a nation’s Central Bank Governor turns whistleblower on an issue of substantial revenue misappropriation, then, alarm bells must ring, as the credibility of the administration, which the same Central Bank Governor serves would be called to question.

The NNPC has decried what it termed as an orchestrated campaign of calumny to tarnish its reputation by some unscrupulous elements.