On November 9 in Abuja, at the one-day Legislative Transparency and Accountability Summit hosted by the House of Representatives Committee on Anti-Corruption, the commission's chairman, Abdulrasheed Bawa, made this commitment.
Bawa claimed there is a significant vulnerability to money laundering while discussing the complexities still present in the oil and gas industry. Additionally, he pointed out that substantial fraud in the oil and gas industry can occur along the supply chain of distributors, marketers, and dealers.
In a similar vein, Bawa urged for cooperation between the national assembly's relevant committees and the office of the Auditor-General of the Federation (AGF) in order to address the problem of financial inequalities. Bawa declared: "We will keep holding accountable those who violate public trust in the industry, whether they are businesses or people, whether they are domestic or foreign. The commission's laws focus on violations of the law's requirements for accountability and openness in both the public and private sectors."
"Although introducing openness and accountability within the petroleum sector may appear to be a difficult job, we at the EFCC believe that anything we set our minds to can be accomplished." Bawa further urged relevant oil and gas industry players to give transparency a chance in order to revive Nigeria's crumbling oil and gas sector.
