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PIAC cancels deal to fight corruption with EOCO

The Public Interest and Accountability Committee (PIAC) has withdrawn from a partnership with the Economic and Organised Crime Office (EOCO) aimed at fighting corruption related to the disbursement of petroleum revenue.

The Public Interest and Accountability Committee (PIAC) has withdrawn from a partnership with the Economic and Organised Crime Office (EOCO) aimed at fighting corruption related to the disbursement of petroleum revenue.

READ ALSO: Deputy Minister of Finance inaugurates PIAC and PPA Boards

The decision was taken after a review of the deal by the new board of PIAC. PIAC is the statutory body with oversight responsibility of the management and use of the country’s petroleum revenues.

Speaking at a media engagement on Saturday, November 13, the Vice-Chairman of PIAC, Nasir Alfa Mohammed, said they found some inherent challenges in the MoU with EOCO prompting them to abrogate it.

“Over the years, the partnership had to be reviewed. We realised that we are dealing with a highly political sensitive organisation (EOCO) so there were internal members of PIAC who thought that we need to re-evaluate the kind of relationship,” Mohammed said.

He added: “For example, if you find somebody of an infraction of the law and then you give it to EOCO and for whatever reason the person happens to be a power broker, and EOCO comes out to do their investigations… and nothing happened, now you are tight-lipped.”

“So, honestly the PIAC members now say that it is better to allow agencies to do their work, so we should leave it for them to do their independent work. If they want to, that is their job… they don’t need us to come and tell them… so we are a bit careful about that arrangement that is how come.”

Background

PIAC and EOCO agreed to fight corruption relating to the disbursement of petroleum revenue in 2019.

As part of the agreement, PIAC would among other things be required to furnish EOCO with accompanying documents that relate to publications, and where necessary it would avail itself to EOCO during investigations and also submit copies of reports highlighting sections that require further investigations.

For its part, EOCO would be required to update PIAC on the progress of investigations that are related to matters referred to it by PIAC.

It shall also submit a formal report to PIAC upon conclusion of investigations referred to it by the latter.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source: asaaseradio

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