Reps to probe Obasanjo’s private refineries’ deal

    Friday, 02 December 2011

FORMER President Olusegun Obasanjo is on the spot.
Less than 24 hours after the National Assembly manipulated him in the 'prodigal' sale of some Federal Government properties while he was president between 2002 and 2004, the House of Representatives yesterday vowed to investigate the circumstances surrounding how he gave licences to some individuals to operate oil refineries.

Between that period, the Obasanjo administration gave licences to 26 groups and individuals to commence crude oil processing in the country, none of which could take off till date.

It is believed that associates and allies of the former president were among those who got the licences which members of the House of Representatives lamented had not helped the country.
The licences were given to Clean Waters Refinery, Ilaje Refinery, NSP Refinery and Oils Services, Ode Ade Refinery, Tonwei Refinery, The Chasewood Consortium, Starex Petroleum Refinery, Orient Petroleum Resources, Niger/Delta Refinery and Akwa Ibom Refinery and Petrochemicals.

Others are Badagry Petroleum Refinery, Niger Delta Refinery and Petrochemicals, Owena Oil and Gas, Rivgas Petroleum and Energy, Sapele Petroleum, Southland Associates, South West Refineries and Petrochemicals, Starex Petroleum Refinery, Towel Refinery, Total Support Refineries and Union Atlantic Petroleum.

The lawmakers want to know why the companies, which were expected to commence construction within two years and full refining operations in four years, are yet to take off,  even though their owners continue to enjoy tax holiday and import duty wavers from the Federal Government on some of their equipment.

The lawmakers expressed worry over the whopping sum the Federal Government, as a result, is still spending annually on subsidy on refined products being imported into the country.

Nigeria, according to them, is currently spending not less than N1.256 trillion on importation of petroleum products for domestic consumption, also put at 18.72 per cent capacity.

Leading debate on the motion which was sponsored by 25 lawmakers yesterday, Rose Oko raised concerns that the poor state of the nation’s four refineries in Warri, Port Harcourt and Kaduna have failed to meet the estimated daily demand for petroleum products among Nigerians currently put at 30 million litres of petrol (PMS), 12 million litres of Dual Purpose Kerosene (DPK), 18 million litres of (AGO) and 780 metrics tonnes of (1.4) million litres of LPG.

The lawmakers went further to express regrets on how the entire four refineries which gulp billions of naira during Obasanjo's tenure amounted to colossal waste.

The four refineries now merely have production capacity of 445,000 barrels per day; a figure that can  only meet 17 per  cent of the entire domestic demand.

The motion, which enjoyed robust support from members, is demanding to know all processes that led to the granting of the 26 refineries, a development that some of them said smacks of favouritism to certain individuals but prevented established investors in the sector from taking part.

While faulting the entire process, they concluded that if none of these private refineries can work nine years after, it means that the initial licences were granted to the wrong set of people who may either have little or no experience in the sector or procured such for money-making motive.
The House before it adjourned yesterday, however, threw its weight behind the issues raised and mandated its standing Committee on Petroleum Resources, (Downstream)  to commence a full investigation into all allegations and report back to it within four weeks.

The House also mandated the committee to scrutinise the delays in completion of construction works and commencement of refineries.

PRIVATE REFINERIES YET TO TAKE-OFF SINCE 2004

• Clean Waters Refinery
• Ilaje Refinery
• NSP Refinery and Oils Services
• Ode Ade Refinery
• Tonwei Refinery
• The Chasewood Consortium
• Starex Petroleum Refinery
• Orient Petroleum Resources
• Akwa Ibom Refinery and Petrochemicals
• Badagry Petroleum Refinery
• Niger Delta Refinery and Petrochemicals
• Owena Oil and Gas Rivgas Petroleum and Energy
• Sapele Petroleum
• Southland Associates
• South West Refineries and Petrochemicals
• Starex Petroleum Refinery
• Towel Refinery
• Total Support Refineries
• Union Atlantic Petroleum

http://www.nigeriancompass.com/index.php?option=com_content&view=article&id=8775:reps-to-probe-obasanjos-private-refineries-deal-&catid=54:nigeria-today&Itemid=594

Ha! It looks like Armageddon hour!
Tambuwal vs Obj. Exactly what the country needs.

Beaf:

Ha! It looks like Armageddon hour!
Tambuwal vs Obj. Exactly what the country needs.

Tot u did not like the speaker or rather i tot you believed the speaker was incompetent?

another time wasting exercise on the way, can they show what they have been doing since elected idiots pardon my language am just upset.

if you want to probe OBJ then the current senate chamber will all go down with Obasanjo because many of them were in the chambers then but ,

I want to sing fela again

wayo wayo govt

What is the outcome of the Elumelu Probe on Power projects?

In the usual character, absolutely nothing will come out of this probe.

Babasessy:

Reps to probe Obasanjo’s private refineries’ deal

    Friday, 02 December 2011

FORMER President Olusegun Obasanjo is on the spot.
Less than 24 hours after the National Assembly manipulated him in the 'prodigal' sale of some Federal Government properties while he was president between 2002 and 2004, the House of Representatives yesterday vowed to investigate the circumstances surrounding how he gave licences to some individuals to operate oil refineries.

Between that period, the Obasanjo administration gave licences to 26 groups and individuals to commence crude oil processing in the country, none of which could take off till date.

It is believed that associates and allies of the former president were among those who got the licences which members of the House of Representatives lamented had not helped the country.
The licences were given to Clean Waters Refinery, Ilaje Refinery, NSP Refinery and Oils Services, Ode Ade Refinery, Tonwei Refinery, The Chasewood Consortium, Starex Petroleum Refinery, Orient Petroleum Resources, Niger/Delta Refinery and Akwa Ibom Refinery and Petrochemicals.

Others are Badagry Petroleum Refinery, Niger Delta Refinery and Petrochemicals, Owena Oil and Gas, Rivgas Petroleum and Energy, Sapele Petroleum, Southland Associates, South West Refineries and Petrochemicals, Starex Petroleum Refinery, Towel Refinery, Total Support Refineries and Union Atlantic Petroleum.

The lawmakers want to know why the companies, which were expected to commence construction within two years and full refining operations in four years, are yet to take off,  even though their owners continue to enjoy tax holiday and import duty wavers from the Federal Government on some of their equipment.

The lawmakers expressed worry over the whopping sum the Federal Government, as a result, is still spending annually on subsidy on refined products being imported into the country.

Nigeria, according to them, is currently spending not less than N1.256 trillion on importation of petroleum products for domestic consumption, also put at 18.72 per cent capacity.

Leading debate on the motion which was sponsored by 25 lawmakers yesterday, Rose Oko raised concerns that the poor state of the nation’s four refineries in Warri, Port Harcourt and Kaduna have failed to meet the estimated daily demand for petroleum products among Nigerians currently put at 30 million litres of petrol (PMS), 12 million litres of Dual Purpose Kerosene (DPK), 18 million litres of (AGO) and 780 metrics tonnes of (1.4) million litres of LPG.

The lawmakers went further to express regrets on how the entire four refineries which gulp billions of naira during Obasanjo's tenure amounted to colossal waste.

The four refineries now merely have production capacity of 445,000 barrels per day; a figure that can  only meet 17 per  cent of the entire domestic demand.

The motion, which enjoyed robust support from members, is demanding to know all processes that led to the granting of the 26 refineries, a development that some of them said smacks of favouritism to certain individuals but prevented established investors in the sector from taking part.

While faulting the entire process, they concluded that if none of these private refineries can work nine years after, it means that the initial licences were granted to the wrong set of people who may either have little or no experience in the sector or procured such for money-making motive.
The House before it adjourned yesterday, however, threw its weight behind the issues raised and mandated its standing Committee on Petroleum Resources, (Downstream)  to commence a full investigation into all allegations and report back to it within four weeks.

The House also mandated the committee to scrutinise the delays in completion of construction works and commencement of refineries.

PRIVATE REFINERIES YET TO TAKE-OFF SINCE 2004

• Clean Waters Refinery
• Ilaje Refinery
• NSP Refinery and Oils Services
• Ode Ade Refinery
• Tonwei Refinery
• The Chasewood Consortium
• Starex Petroleum Refinery
• Orient Petroleum Resources
• Akwa Ibom Refinery and Petrochemicals
• Badagry Petroleum Refinery
• Niger Delta Refinery and Petrochemicals
• Owena Oil and Gas Rivgas Petroleum and Energy
• Sapele Petroleum
• Southland Associates
• South West Refineries and Petrochemicals
• Starex Petroleum Refinery
• Towel Refinery
• Total Support Refineries
• Union Atlantic Petroleum

http://www.nigeriancompass.com/index.php?option=com_content&view=article&id=8775:reps-to-probe-obasanjos-private-refineries-deal-&catid=54:nigeria-today&Itemid=594

Obj really finish this country, see names of Refineries. Even this Towel Refinery, Clean Waters Refinery send that man back to jail

You give tickets to a dance and the guests don't show up and you pursue them to collect your dancing shoes. Is that important. What will it solve. If they can't come up with the goods dump them.

Funny law men. How about tackling the pressing matters that will support the establishment of a virile oil industry like the PIB under their noses and starting the process that will get the government the hell out of the oil business by shutting down NNPC. Then and only then can the private sector compete fairly and build refineries under a petroleum pricing regime acceptable to Nigerians through the DPR.

Government has no business building refineries, selling petrol or forcing anybody to build and run refineries at a loss.

Privatise petroleum or no to subsidy removal.

xmas don come. guys de look for money to buy new cars and all. obj bring out ur cheque book and start issuing. nonsense. 1 crook goes and another comes.

No be today booth dey back, lets watch and see hw it wil end. I dey laughoooooooooooooo

na wah ooo even ODEH get license

Na today e start?

• Clean Waters Refinery
• Ilaje Refinery
• Ode Ade Refinery
• Tonwei Refinery
• Akwa Ibom Refinery and Petrochemicals
• Badagry Petroleum Refinery
• Southland Associates
• South West Refineries and Petrochemicals
• Towel Refinery

Are these companies registered with Corporate Affairs Commission or someone just carve out the names to siphon money?

why engage in anoda jamboree. Must u entertain us against our wish.

why engage im anoda jamboree. Must u entertain us against our wish.

@ESCOBAR: U get the drift, we be maga now.

I watched okonjo iweala getting grilled by the senate. She was asked to forward the audit report on the proposed private refineries and could u believe she was saying that before she forwards it, she has to know what is contained in it. So she didn't know what was in it, what has she been doing all this frigging time.

one step forward, watch out for the 2steps backward when baba comes out to talk, they will all deny supporting that motion,

I dey laugh!

I remember the dust generated by the Elumule led power probe committe.

We all though the probe was for our common good, only for us to discovered it was simply for their pockets.

Bunch of Rogues.

I just hope that these hopeless and empty probe will not distract eastern senators from the state creation issue. Nothing will come out of this. PDP LIVES ON THE ILLEGAL MONEY THAT COMES OUT OF ALL THIS MADNESS, so how do u expect obj to fall and pdp still standing.

What happens to the power probe ?

Everyday the same story! but wait which one is pure water refinary? Chinekeoooooo obj na bad nigger.

Reference:

You give tickets to a dance and the guests don't show up and you pursue them to collect your dancing shoes. Is that important. What will it solve. If they can't come up with the goods dump them.

Funny law men. How about tackling the pressing matters that will support the establishment of a virile oil industry like the PIB under their noses and starting the process that will get the government the hell out of the oil business by shutting down NNPC. Then and only then can the private sector compete fairly and build refineries under a petroleum pricing regime acceptable to Nigerians through the DPR.

Government has no business building refineries, selling petrol or forcing anybody to build and run refineries at a loss.

Privatise petroleum or no to subsidy removal.

Very aptly put! You certainly hit the nail on the head.

I always get the feeling that our legislators are a bunch of idiots! Probe this, probe that!! I was reading the article to find out if the probe was to identify problems and resolve them. No, the the probe is to establish whether Obasanjo's friends got licenses.

Instead of looking at the reasons why the licensees could not commence operation, and resolving those issues they want to start another meaningless probe just to play to the gallery! After all Nigerians love probes!! Anybody can probe. Very few can come up with solutions.

If you've got a problem with the way Obasanjo Government awarded licences, why not get the appropriate government agency to revoke the licenses and grant new ones and see whether they will be able to commence operation? They think those 26 refineries will bear licensing costs if they have no intention of starting operation. Which bank will back an economically unviable refinery with billions?

They are not talking about putting in place appropriate climate that will make private refineries economically viable in Nigeria, they are talking about allocating legislative budget another meaningless probe! Dickheads!!

who go fit help us arrest dis obasanjo and then jail him??, d man wahala don too much, his hands are so dirty and useless, anywere u turn ur head to he's there, corruption champion,

They really do need to throw that buffoon in prison. Im sure it wouldnt even take much probing or investigating. Any little thing even if its from long ago. Throw his ass in the tubu and throw away the key.
That being said, why should th eindustry be privatised? So it can be abused? you dont thimk we've suffered enough rapage? It's the governments responsibility to provide energy, I dont understand why it should be pushed away knowing very well we will never get value for money! if anything let the government initiate the process iron out the knooks and crannies and take full risks! that way they can control the industry even if eventually privatised and avoid the people paying extortionate amounts for fuel! as for now abeg please no put mouth on privatasion matter. did obj not issue all those licenses? what have we now?
and out of curiosity what was there to gain from obtaining a license? do they get paid or summin?

Yet they say IBB is worse than OBJ!

Ha ha ha ha ha ha ha ha ha

I dey laff o!

See as Yoruba peeps kwayet for hai. If na IBB na. . . dem mouth go dey sharp piom-poim-poim!

Atiku shout soteeeeeeeeeeeeeeeey. . . im come be the tiefuuuuuuuuuuuuuuuuuuuuuuuu!!!!!

Like some have rightly stated. . . nothing will come out of this.

Behold. . . THE WORSE DICTATOR IN NIGERIA'S HISTORY!!!!! OBJ!!!!

OBJ e-warriors come and defend your master.

OBJ is the father of corruption in Nigeria. OBJ should tell us how much kickbacks and kickfronts he collected before awarding the licences.

I don't want to believe Obj e-rats have not seen this for comments.

THIS OBJ OF A WORM should have been probed a long time ago.
I wonder what took GEJ so long!

We don see as 'LAGOS' STATE dey generate revenue ke?
Awon BABA AJIBOLE!!!!



https://www.youtube.com/watch?v=UrQwW0joxQg

Toaskarity: Everyday the same story! but wait which one is pure water refinary? Chinekeoooooo obj na bad nigger.

Help me OBJ O.