Investor Presentaiton

NEITI Nigeria Extractive Industries Transparency Initiative THE PRESIDENCY Findings Key Findings and Recommendations Recommendation 7 Only 39 out of 121 companies made the The MMSD and MCO should collaborate on a framework for monitoring compliance mandatory social payments as contained with the terms of MMA 2007 and MMR 2011 and impose appropriate penalties on in the CDA signed with their host defaulters. communities while 10 companies made only non -mandatory social payments/expenditures. This reveals poor compliance to the social benefit to host communities' requirements of the NMMA 2007 and NMMR 2011 as embedded in the CDA's. @NigeriaEITI www.neiti.gov.ng

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