Although this was a major step forward, other measures, such as the establishment of the Nigerian Extractive Industry and Transparency Initiative, were not sufficient for addressing the fundamental sources of missing oil revenues in the country. Furthermore, at the international level, ongoing legal proceedings involving former ministers of petroleum resources and the Governor of the Delta State during the 2010-2015 period, as well as court investigations of cases of bribery by multinational companies, provide further evidence of insufficient regulations at natbnal and international levels for preventing oil-related corruption and embezzlement. However, its trickle-down effect in terms of socioeconomic development was limited and uneven. As such, it failed to be the right catalyst for fostering intersectoral linkages for sustainable economic diversification and industrialization.