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How The Northerners Share Our Oil Wealth - Politics - Nairaland

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How The Northerners Share Our Oil Wealth by denko(m): 5:03am On Mar 04, 2012
Alhaji Mai Deribe, Cavendish Petroleum OML 110

Prince Nasiru Ado Bayero, Seplat/Platform, Asuokpu/Umutu Marginal Field

SAPETRO, T.Y.Danjuma, OPL 246

Okoro, Setu Fields, Rilwanu Lukman, OML 112

Amni International, Alhaji (Colonel) Sani Bello

Oriental Energy, Alhaji Mhammed Indimi, OML 115

Equity Energy, Alhaji Aliko Dangote,

Express Petroleum, Alhaji Aminu Dantata, OML 108

HE is a rebel, no doubt.
But the leader of the Niger Delta People’s Volunteer Force (NDPVF), Alhaji Mujahid Asari-Dokubo insists that he is a rebel with a cause.

In an interview with Sunday Compass, published on pages 13, 14 and 15 today, he expressed dismay that the wealth of Nigeria is not in the hands of the land owners, neither is it in real terms in the hands of the Federal Government.

The oil wealth, he said, is firmly in the hands of Northern leaders.

According to him, the unfair socio-political system that disallows Southern Nigerians to exercise ownership on Northern lands yet put southern lands in the hands of Northerners, must stop immediately.

He also argues that Northern leaders are the biggest enemies of their geo-political zone, going by the realisation that their ownership of the vast oil wealth of the Niger Delta region has not resulted in good standards of living for Northerners.

He listed some of the Northerners who own and operate oil blocs in the Niger Delta while hundreds of thousands of the original landowners live in shacks at home and under bridges in Lagos State and other Nigerian state capitals.

When his opinion was sought about the recent arguments of Northern leaders that there is imbalance in the distribution of the nation’s wealth, with oil producing states receiving so much while Northern states get so little, he thundered: “We want 100 percent of our resources . Even the little that is going to them is very painful to us. The little that they said they are taking, it is terribly, terribly painful to us. We want them all, because it belongs to us. It does not belong to them.”

On the argument about poverty in the North, he said: “This much no one disputes, the poverty has bred millions of destitutes, who have become instant and easy recruits for Boko-Haram. But the question is: Who impoverished the North? I want to posit that the core North through their aristocrats and ex-military rulers rake an enormous income from oil money from the Niger Delta individually, much more than any individual or group of individuals from the South, and collectively more than 10 times the entire Niger Delta business men in the oil and gas industry put together.”

Asari-Dokubo continued: “At least, estimated 75 percent of crude oil and gas produced by indigenous companies is controlled by the North. However, the loot never get back home. The very uneven nature of the distribution of the nation’s wealth (is) among the Northern aristocratic families and their military generals who for decades looted Nigeria. They did so blatantly, and while Nigeria was weeping about oil windfall loot and others, Nigerians would wail if they know how much of the nation’s resources these folks allocated to themselves and their business fronts before they stepped aside.”

Giving details of the ownership of the oil blocs, he said: “Cavendish Petroleum, the operators of OML 110 – with good yielding OBE field. This oil block was awarded to Alhaji Mai Deribe - the Borno patriarch, who even in death will remain the richest man dead or alive in the history of Borno state- by General Sani Abacha on the 8th of July, 1996. OML 110 has a proven oil reserve in excess of 500 million barrels, more than the entire 300 milliom barrels reserve of Sudan. It has the capacity to produce about 120,000 barrels of crude oil daily from its OBE 4 and OBE 5 wells. At current production levels, the Mai Deribes net circa N4 billion monthly in crude oil sales, using oil price estimates of $100 per barrel.”

Asari-Dokubo continued: “Mai Deribe’s mansion, in allegedly poor Maiduguri is one of the most lavish mansions anywhere on earth; it used to be a tourist attraction, before Boko Haram’s tourism deterrent activities. The Fulani Prince Nasiru Ado Bayero, Mallam Sanusi Lamido Sanusi’s cousin, is a key shareholder and director in Seplat/Platform Petroleum operators of the Asuokpu/Umutu Marginal Field with a capacity of 300,000 barrels monthly and A 30mmfcsd gas plant capable of feeding 100MT of LPG. The Ado Bayeros, Yar’Aduas and Atiku Abubakar are Nigerian holders of Intels. It runs a private port that has grounded three federal ports in the South. Intels is discussed later. South Atlantic Petroleum Limited (SAPETRO). South Atlantic Petroleum (SAPETRO) is a Nigerian Oil Exploration and Production Company that was created in 1995 by General T. Y.

Danjuma, who is also Chairman of ENI Nigeria. General Sani Abacha awarded the Oil Prospecting License (OPL) 246 to SAPETRO in February 1998. The block covers a total area of 2,590km2 (1,000 sq. miles). SAPETRO partnered with Total Upstream Nigeria Ltd (TUPNI) and Brasoil Oil Services Company Nigeria Ltd (Petrobras) to start prospecting on OPL246. Akpo, a condensate field was discovered in April 2000 with the drilling of the first exploration well (Akpo 1) on the block. Other discoveries made on OPL 246 include the Egina Main, Egina South, Preowei and Kuro (Kuro was suspended as a dry gas/minor oil discovery). In June 2006, General TY Danjuma divested part of his contractor rights and obligations to China National Offshore Oil Corporation (CNOOC) for $1 billion (N160bn). Akpo exports about 230,000 barrels of condensate daily.

Condensate export is not regulated by OPEC, so SAPETRO/TOTAL exports as much as possible each day. Egina exports about 75,000 barrels of oil daily. Therefore, Akpo and Egina fields export just over 300,000 barrels of oil/condensate daily (three times what the country Ghana exports). SAPETRO (TY Danjuma) get’s 25% of this. Now, note I have not talked about the gas component – it’s about 2.5 trillion cubic feet. The money SAPETRO nets each month is more than the monthly statutory allocation to any Nigerian state and also more than the oil revenue of Ghana. Do your math. AMNI International Petroleum Development Company. AMNI owns two oil blocks – OML 112 and OML 117. In the production-sharing contract, AMNI gets 60% for owning the oil block and Total gets 40% for providing technical advice. OML 112 was awarded on the 12/02/1998 while OML 117 was awarded 04/08/1999 all by Gen. Abdulsalami Abubakar. Operations started on both blocks on 26/02/2006.

The licenses are due to expire 11/02/2018 and 05/08/2019 respectively. The Okoro and Setu fields in OML 112 are operated by Afren Energy, a company substantially controlled by Rilwanu Lukman. The Okoro and Setu oil fields have about 50 million barrels in reserve and currently produce/exports just a little below 20,000 barrels per day. The chairman of AMNI International Petroleum and Development Company is Alhaji (Colonel) Sani Bello a Fulani from Kontagora, Niger State.”
Re: How The Northerners Share Our Oil Wealth by Silencer1: 7:18am On Mar 04, 2012
You nor dey shame to tok am?
So wetin you dey do about am?
Siddon look?
Form your own 'Boko Saram'! kiss
Re: How The Northerners Share Our Oil Wealth by MeAboki(m): 1:39pm On Mar 04, 2012
So these are the only Nigerians awarded oil blocks (see selective memory, why him no name those from other regions).

Assuming that is true, then surely the North has a legitimate cause to ask for more money since it is the Northerners that are apparently responsible for producing Nigeria's oil wealth - while the Southerners are the lazy ones sitting on their arses complaining and producing nothing.

So who in the end are the parasites? cool grin grin
Re: How The Northerners Share Our Oil Wealth by Gambrosia: 1:44pm On Mar 04, 2012
Gooooooooooooooooooo Northerners!
You rock!
Let the Southerners keep whining. cool

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