The Nigeria Extractive Industries Transparency Initiative, NEITI says it will sign a Memorandum of Understanding, MoU, with the Economic and Financial Crimes Commission, EFCC to reinforce effort in the fight against corruption in the country.

NEITI’s Director, Communications and Advocacy Orji Ogbonnaya Orji announced this in a statement in Abuja.

It said agreement on signing of the MoU was part of the outcome of the meeting between the Executive Secretary of NEITI, Waziri Adio and the Acting Chairman of the EFCC, Ibrahim Magu with top management team of the two agencies.

It said that the agreement would strengthen the partnership and cooperation between the two agencies in the fight against corruption. It added that NEITI and the EFCC will deal with such crimes expeditiously, through information and intelligence sharing as well as human-capacity mobilisation.

In his remarks, Magu described NEITI and the EFCC as key partners in progress. He said that the time to strengthen the partnership between the two agencies had become very urgent. He also described the extractive industries as not only the main source of revenues to the economy, but also source of corruption and financial crimes.

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