After reading this I felt like sharing it to hear the opinions of my fellow Nairalanders


Oil reserves exist in Chad basin, which is centered in lake
Chad which is surrounded by Niger, Cameroon, Chad and
Nigeria. Chad is an exporter of oil which runs in 1070 km
pipelines through Cameroon.
Nigeria’s exploration of oil from the Basin which extends
through Yobe, Borno and Adamawa States have been
hindered by Boko Haram insurgency which deliberately
hampers commercial exploration. Oil has been discovered
in Lake Chad but terrorism continues to push forward
the mission of Nigeria to start drilling for commercial
quantities.
“Vanguard learnt that the various technical personnel
who provided support services for exploration activities
have left the region from fear of being killed, while
geologists in the Nigerian National Petroleum
Corporation (NNPC), also shunned the volatile Basin in
Borno State for fear of losing their lives.”
According to E&P mag: “Hopes of stepping up oil
exploration in Nigeria’s Lake Chad Basin have been
dashed by the brutal attacks of Islamic Boko Haram
and the Ansaru sect terrorists in the country’s
northeastern region.”
Between 2011 and 2013 the Nigerian government
provided $240 million to facilitate oil and gas exploration
activities in the Lake Chad Basin and other northern
hydrocarbon basins, including the Benue Trough, Bida
Basin and the Sokoto-Rima Basin in northern Nigeria,
said Jerry Gana, a former minister of information and
chairman of the Northern Economic Summit.
Oil prospecting in the Lake Chad Basin was “yielding
promising results and may lead to commercial exploration
of oil and gas this year,” Nigeria’s Vice President
Namadi Sambo said in a 2013 article in The Weekly
Trust. Three blocks were identified for potential oil and
gas exploration, and hopes were to begin exploration
work by 4Q 2013 or 1Q 2014.”
The Boko Haram insurgency has conveniently provided
Chad, under the government of Idriss Deby, unfettered
access to oil under Nigeria’s soils through 3D oil drilling
from within its territorial borders, which the country
exports.
The neighboring Francophone colonies of France, Chad,
Cameroon and Niger without compensating Nigeria are
now drilling off and selling significant quantities of
Nigeria’s oil under partnerships with multinationals.
According to the “Rule of Capture,” this is legally
permitted so long as the drilling is done within the
individual’s territory and does not extend into the
neighbors land; oil, water or other resource can be
harvested from the State’s territory, even if being
drained mostly from reserves underground held largely
in neighboring States.
With the Hague Ruling in favour of Cameroon and the
handing over of the Bakassi peninsula, the same way,
Cameroon is drilling oil flowing out of Nigeria’s Gulf of
Guinea, safely from its territory. The Hague ruling
favored these foreign investors and French -Cameroon
partners.
Big players have abandoned Nigeria and invested
heavily in its neighbors. Billions of dollars have been
invested by multinationals in the Lake Chad exploration
in Chad and this oil is tapped through Chad. The over 2
billion oil reserves are flowing through the Chad-
Cameroon pipeline (soon to extend to Niger), leaving
terror bedeviled Nigeria out of the loop.
Currently, oil from Lake Chad being drilled by the
Republic of Chad is transferred to a stationary FPSO –
Floating, Production, Storage and Offloading vessel,
which can store over 2 million barrels of oil and
processed oil shipped through tankers to the
international refineries at the Port of Le Havre in
France.
It goes without saying that France benefits largely from
the Boko Haram terror crises in Nigeria’s northeastern
States that hamper Nigeria’s exploration o f the linked
reserves from within its territory.
Named terror sponsor, Ali Modu Sheriff is thoroughly
invested in Chad’s oil and gas industry. He is a
benefactor of the tapping of reserves from Nigeria
through Chad drilling. The recent urgent trip by him
and Nigeria’s President after he was named a Boko
Haram sponsor by President Jonathan’s terror
negotiator, Australian Doctor Stephen Davis is believed
to have been necessitated to restore investor confidence
in Chad and assure the Chadian partners in tapping of
oil from the common basins that all is well, Nigeria’s
President will stand by Sheriff and protect their
common investments in that industry and country.
Former President Olusegun Obasanjo and the current
President are both said to have been introduced to the
lucrative investments in Chad by Senator Modu Sheriff.
Documents at our [ENDS] disposal give detailed analysis
and description of the aggressive drilling and export of
oil from our common oil pools by our neighbors and
includes the States and multinationals involved.
Wikileaks documents at the onset of Boko Haram terror
revealed a certain Abu Mahjin, from Chad who was
noted to be a true founder of the terror sect. A motive
can now be drawn. “Abu-Mahjin (Terrorist Identities
Datamart Environment, TIDE number 24350378), a
Chadian national with ties to al Qaeda, who the US
detected was on mission to organize some sort of terror
operation in Nigeria.” [http://newsrescue.com/boko-
haram-foreign-terror-via-nigerias-porous-borders-
the-urgent-matter-of-national-security/]
Terrorism in the oil rich Niger delta and in the oil rich
Chad basin conveniently decreases Nigeria’s harvest of
its oil while multinationals have side-stepped Nigeria and
figured how to reach the precious material in common oil
pools from neighboring States. Top players in Nigeria
are invested in this lucrative opportunity through
investment partnerships in the neighboring countries.
Instability and terror profits these individuals.
The Stephen Davis revelation is opening up a new
understanding of the seemingly intractable conflict in
the northeast. We need to ask many questions.

NB got this from a blog

Dr. Peregrino Brimah
http://ENDS.ng [Every Nigerian Do Something]

Conspiracy. bt one county own suppose spoil for anoda country own to beta

Mr Op ur on track.this was a discovery since d sarduna era.but was kept mute.The north is indeed rich n noting anybody can do about it.The only problem is the leaders are more sinister than anyone can envisage.Amongst men there are "Men" amongst governors there is a " governor" and shireff is that governor and through this medium and other means he acquired tremendous wealth..

..

Well, let Nigeria keep playing nice and brotherhood, brotherhood with their craven and deprived African neighbors that lack any ounce of morality. Probably can't do much about the shared earth shelve situation when it comes to oil but Nigeria can and should as a matter of urgency erect border fences,barbed wire to protect Nigeria. Much of the Army gains of recent will all come to nothing unless the borders are protected. Never trust Cameroon, never trust France. Hell, probably should add all the French African nations to the list of Do not Trust!!

Sometimes this whole boko drama sickens me, the lackluster attitude of even the state governors that are affected to effect or implement some kind of restrictions or support is not there, I always knew something is up with the way it has been going, I just finished watching a movie (Rampage 1 and 2) there is a specific part where the guy was bitterly complaining about the manipulations of the few elite, I feel that is what is happening in that area of Nigeria.

Actually, if Nigeria keeps hemorrhaging good-economic-climate-for-investment goodwill at this rate, Cameroon, Niger, Chad and Togo probably need to be the ones to consider laying barbed wires across their borders to protect themselves from a future depraved Nigeria.

Thank God people are now seeing my perceptive.

Nigeria intelligence agencies should secretly fly high attitude planes that has powerful cameras/videos to check for any mining sites.

Chad Niger and Cameroon should be spied to know if any illegal trade in Nigeria's minerals is going btw BH and any business existing in these countries.


It's true BH has a local political and foreign based support. But not viewing the angle of illegal mining activities, it's a great disservice to FGN

thats so bad.