The Public Interest and Accountability Committee (PIAC) was established under Section 51 of the Petroleum Revenue Management Act (PRMA), 2011 (Act 815) as amended.
Key Objectives of PIAC
To monitor and evaluate compliance with the Act by government and relevant institutions in the management and use of petroleum revenues and investments;
To provide space and platform for the public to debate on whether spending prospects and management and use of revenues conform to development priorities as provided under Section 21(3); and,
To provide independent assessment on the management and use of petroleum revenues to assist Parliament and the Executive in the oversight and the performance of related functions.