The oil block business is so lucrative that Danjuma’s Sapetro divested of its investment in Akpo condensate for $1billion dollars. The business is second to none in Nigeria. That is why any attempt to investigate the activities in this sector will always be futile. The money is so much that they give bribes in millions of dollars. A birthday gift or child naming gift from an oil block owner to a government official could be as paltry as $2million dollars, and if the official’s father died, the condolence gift could reach mere $3 million dollars.

When they want to bribe legislators, it is in millions of dollars and any ongoing investigation ends within weeks. They are so confident that with excess money they can buy up Nigeria and they are succeeding OML 110 with high yield OBE oil fields was given Cavendish Petroleum owned by Alhaji Mai Daribe, the Borno Patriarch in 1996 by Sanni Abacha. OBE oil field has estimated over 500 million barrels of oil. In layman’s language and using average benchmark of $100 dollars per barrel, translates to $50 billion dollars worth of oil reserve. When you remove the taxes, royalties and sundry duties worth about 60% of the reserve payable over time you get about $20billion dollars worth of oil in the hands of a family.

OPL 246 was awarded to SAPETRO, a company owned by General Theophilus Danjuma, by Sanni Abacha in 1998. Akpo condensate exports about 300,000 barrels of crude daily.

NOML 112 and OML 117 were awarded to AMNI International Petroleum Development Company owned by Colonel Sanni Bello in 1999. Sanni Bello is an inlaw to Abdulsalami Abubakar, former Head of State of Nigeria.

OML 115, OLDWOK Field and EBOK field was awarded to Alhaji Mohammed Indimi from Niger State. Indimi is an inlaw to former Military President Ibrahim Babangida.
OML 215 is operated by Nor East Petroleum Limited owned by Alhaji Saleh Mohammed Gambo.
OML 108 is operated by Express Petroleum Company Limited is owned by Alhaji Aminu Dantata.

OML II3 allocated to Yinka Folawiyo Pet Ltd is owned by Alhaji W.I. folawiyo
ASUOKPU/ UMUTU marginal oil fields is operated by Seplat Petroleum. Seplat is owned by Prince Nasiru Ado Bayero, cousin to the Central Bank Governor Lamido Sanusi. This oil field has the capacity of 300,000 barrels of oil daily. This translates to $30million dollars daily at average benchmark of $100 dollars per barrel. Deducting all sundry taxes, royalties etc , this field can yield $12billion dollars daily for the owners .

Intel owned by Atiku, Yarádua and Ado Bayero has substantial stakes in Nigeria’s oil exploration industry both in Nigeria and Principe and Sao Tome.
AMNI owns two oil blocks OML 112 and OML 117 which it runs Afren plc and Vitol has substantial stakes in oil blocks. Afren plc is operating EBOK oil fields in OML 67. Vitol lifts 300,000 barrels of Nigerian oil daily. Rilwanu Lukman, former OPEC Chairman has stakes in all these named three companies.

OPL 245 was awarded to Malabu Oil& Gas Company by Sanni Abacha. Dan Etete, Abacha’s oil minister owns Malabu Oil. In 2000, Vice President Atiku Abubakar convinced Obasanjo to revoke OPL 245 given to Malabu Oil. Etete had earlier rejected Atiku’s demand for substantial stakes in the high yield OPL 245 and it attracted the venom of Ota Majesty who revoked the licence. However, in 2006, Obasanjo had mercy on Dan Etete and gave him back his oil block worth over $20 billion dollars.

OPL 289 and OPL 233 was awarded during Obasanjo era to Peter Odili fronts, Cleanwater Consortium, consisting of Clenwater Refinery and RivGas Petroleum and Gas Company. Odili’s brother in law, Okey Ezenwa manages the consortium as Vice Chairman.

OPL 286 is managed by Focus Energy in partnership with BG Group, a British oil concern. Andy Uba has stakes in Focus Energy and his modus operandi is such that you can never see his name in any listings yet he controls OPL and OML through proxies
OPL 291 was awarded to Starcrest Energy Nigeria Limited, owned by Emeka Offor by Obasanjo . Immediately after the award, Starcrest sold the oil block to Addax Petroleum Development Company Limited (ADDAX) Addax paid Sir Emeka Offor a farming fee of $35million dollars and still paid the signature bonus to the government. Emeka Offor still retains stake in ADDAX operations in Nigeria.
Mike Adenuga’s Conoil is the oldest indigenous oil exploration industry in Nigeria. Conoil has six oil blocks and exports above 200,000 barrels of crude daily.

The oil block national cake sharing fiesta could take twists according to the mood of the Commander-in –Chief at the particular time. In 2006, Obasanjo revoked OPL 246 which Abacha gave to Danjuma because he refused to support the tenure elongation bid of the Ota Majesty. In 2000, Obasanjo had earlier revoked OPL 241 given to Dan Etete under the advice Atiku.

However, when the Obasanjo-Atiku face off started, the Ota Majesty made a u-turn and handed back the oil block to Etete.
During the time of Late President Yarádua , a panel headed by Olusegun Ogunjana was set up to investigate the level of transparency in the award of oil blocks. The panel recommended that 25 oil blocks awarded by the Obasanjo be revoked because the manner they were obtained failed to meet the best practices in the industry. Sadiq Mahmood, permanent secretary in the Ministry of Petroleum endorsed the report to then president with all its recommendations . As a result of the report Yarádua revoked eleven oil blocks.

In April 2011 Mike Adenuga attempted to buy Shell’s OML 30 for $1.2 billion dollars. The Minister for Petroleum and Nigeria’s most powerful woman refused the sale of the OML30 to Adenuga citing national interest. This block was later sold to Heritage Oil for $800 million dollars eleven months later.

In the name of competitive bidding, which Obasanjo introduced in 2005, Officials bring companies overnight and through processes best described as secretive and voodooist they award blocks to party faithful, fronts and phoney companies. They collect gratifications running into hundreds of millions of dollars which is paid into an offshore account and the nation loses billions of dollars of revenue to private pockets.

Source: http://www.osundefender.org/?p=163576

Oga, stop posting stale news in this section. This issue was raised in the House of Reps early last year and was swiftly debunked in the press some months later.

So what is your post meant to achieve? Mtcheew...

No hope for the future.

95% OF OIL BLOCKS IN NIGERIA IS IN THE HANDS OF NORTHERN MUSLIMS.

WHY WOULD BOKOHARAM STOP WHEN THEY HAVE ALL OIL BLOCKS IN THE NIGER-DELTA OF NIGERIA?

masterpower:
95% OF OIL BLOCKS IN NIGERIA IS IN THE HANDS OF NORTHERN MUSLIMS.

WHY WOULD BOKOHARAM STOP WHEN THEY HAVE ALL OIL BLOCKS IN THE NIGER-DELTA OF NIGERIA?

Big fat lie! Who told you 95% of the blocks are in the hands of Muslims? Do you read newspapers at all? This theory has been debunked several times!! Kai!

Look, read all about it here .... I hope you will be able to understand it!

Premium Times:

The North Does Not Control Nigeria’s Oil Blocks, By Toyin Akinosho

Senator Ita Enang’s spirited claim at the National Assembly Wednesday to the effect that 83% of the country’s oil block is in the hands of northerners appears to be inspired from assertions contained in an old article by a newspaper commentator, Mr. Ross Alabo-George whose famous essay was titled Poverty And Deprivation: Why The North Is Poor.

In the excerpted refutation below, Toyin Akinosho, a petroleum geologist with over two decades of work at Chevron and now publisher of the well-regarded Africa Oil and Gas Report, argues angrily that such lines of thought canvassed by the likes of Senator Ita Solomon Enang and indeed Mr. Ross Alabo-George are merely hysterical, and tendentious, designed to mislead the public. Mr. Akinosho characterizes the arguments as crappy and crummy.

It is excerpted from the African Oil+Gas Report for the value it brings to the current debate about Nigeria’s oil resources and the National Question.

Alabo-George’s article plays up so well the sentiments that a good number of Nigerians, especially middle class types excluded from the spoils of the petroleum subsidy, and allied deliverables, nurse about the kind of leadership we have suffered since independence. But it has gone around so far and keeps being forwarded so rampantly, largely because it plays to the ethnic schism; the suspicions that each of us harbours, in our different silos, about “the other”.

It’s largely a response to the disingenuous claim by Sanusi Lamido Sanusi, the Central Bank Governor, that the Boko Haram insurgency is a response to the 13% derivation allocated to the oil producing states from the federation account. “There is clearly a direct link between the very uneven nature of distribution of resources and the rising level of violence”, Sanusi told The Financial Times of London.
Alabo-George’s piece is compelling when he contrasts what non oil-producing Southern states have been able to do with their supposedly meager allowances with what their Northern counterparts have done with their own allocations.

“Ekiti State has about the same revenue as Yobe and Gombe”, he contends, “but only 17 students passed WAEC and NECO in Gombe state last year, while Ekiti State is known for its high literacy level”. I find two beautiful quotable quotes in the article:

(1) “Borno State has a bigger budget than that of Cross River, a Niger Delta State. While the leaders of Cross River over the last decade have transformed it into the nation’s leading tourist destination, those of Borno have transformed it into a Somalia”.
(2) “Gombe State has a bigger budget than Enugu and Anambra, why has MASSOB not bombed anyone”?

But once Alabo- George ventures beyond the political economic analysis and starts to list who owns what oil and gas assets, his article is a litany of inaccuracies and lies. He gets it totally wrong. He writes about the estate of the late Mai Deribe, the Bornu State born businessman, supposedly owning a huge oil field; Rilwanu Lukman having controlling shares in Afren; Atiku Abubakar being the stupendously rich beneficiary of the profits of Intels, the logistics company; Aminu Dantata’s Express Petroleum. He ties Amni Petroleum to only Sani Bello.
So much conspiracy theory.

Oil acreage ownership in Nigeria does not have ethnic colouration. What’s more important, sustaining production from oil and gas assets, whether or not awarded by the state, is determined by how much of a businessman you are. When Jibril Aminu handed out oil prospecting blocks, in the first comprehensive effort “to encourage indigenous participation” in 1991, he gave blocks to companies owned by Folawiyo, Abiola, Adenuga, Udoji, Ibru, Igbinedion,(all Southerners) as much as he gave to enterprises set up by people like Saleh Jumbo and Mai Deribe.

Between 1991 and 1993, we suddenly had over 25 companies, that were Nigerian E&P companies and they took themselves so seriously that they set up an association they christened “Nigerian Association of Indigenous Petroleum Exploration Companies”. But what did these people do with the acreages? They were mostly clueless about how to progress things. Out of that class of awardees, only Mike Adenuga created what you could really call an E&P company. He is the only one producing oil today, from his own block.

It’s bad enough that Nigerian indigenous private acreage holders don’t produce, as a collective, up to 150,000 Barrels per day, or 7% of the national daily production, so why are we fighting ourselves? And I am less keen on how much you’re getting as rent from the asset you are holding, than the capacity you are building as manager of a Nigerian oil company who is awarded the asset, in trust for the rest of us.
I am for an ongoing, earnest debate on the National Question. But false information misleads all of us into false conclusions, which reduce the complexity of the solutions we ought to be proffering.

Read the rest of the story here: https://www.premiumtimesng.com/opinion/123588-the-north-does-not-control-nigerias-oil-blocks-by-toyin-akinosho.html

laudate:
Oga, stop posting stale news in this section. This issue was raised in the House of Reps early last year and was swiftly debunked in the press some months later.

So what is your post meant to achieve? Mtcheew...

How does the bringup of the story affect you. For all its worth, more pple will be in the know now. Denial of the truth is not defamation of the truth bro

Waspy:
How does the bringup of the story affect you. For all its worth, more pple will be in the know now. Denial of the truth is not defamation of the truth bro

Believing a lie doesn't make it less of a lie bro

Tobbie9:
Believing a lie doesn't make it less of a lie bro

Thank you for pointing this out....

Tobbie9:
Believing a lie doesn't make it less of a lie bro

There are iotas of truth to every lie

Whether the oil block owners are from Igbos, Hausa, Yoruba or even the Niger delta, they all belong to the thieving cabal in Nigeria. They all our common enemies for stealing what belongs to all us to themselves and their families. For Example, yesterday GEJ was nobody in Nigeria. He had no shoes to wear. But today, he is one of those that owns oil well in Nigeria. He has been enjoying that with his families and relations. Our enemies are not Igbos, hausa, yoruba, PDP, APC APGA or any tribe in Nigeria. Our enemies are our thieving leaders.

sayitout1:
The oil block business is so lucrative that Danjuma’s Sapetro divested of its investment in Akpo condensate for $1billion dollars. The business is second to none in Nigeria. That is why any attempt to investigate the activities in this sector will always be futile. The money is so much that they give bribes in millions of dollars. A birthday gift or child naming gift from an oil block owner to a government official could be as paltry as $2million dollars, and if the official’s father died, the condolence gift could reach mere $3 million dollars.

When they want to bribe legislators, it is in millions of dollars and any ongoing investigation ends within weeks. They are so confident that with excess money they can buy up Nigeria and they are succeeding OML 110 with high yield OBE oil fields was given Cavendish Petroleum owned by Alhaji Mai Daribe, the Borno Patriarch in 1996 by Sanni Abacha. OBE oil field has estimated over 500 million barrels of oil. In layman’s language and using average benchmark of $100 dollars per barrel, translates to $50 billion dollars worth of oil reserve. When you remove the taxes, royalties and sundry duties worth about 60% of the reserve payable over time you get about $20billion dollars worth of oil in the hands of a family.

OPL 246 was awarded to SAPETRO, a company owned by General Theophilus Danjuma, by Sanni Abacha in 1998. Akpo condensate exports about 300,000 barrels of crude daily.

NOML 112 and OML 117 were awarded to AMNI International Petroleum Development Company owned by Colonel Sanni Bello in 1999. Sanni Bello is an inlaw to Abdulsalami Abubakar, former Head of State of Nigeria.

OML 115, OLDWOK Field and EBOK field was awarded to Alhaji Mohammed Indimi from Niger State. Indimi is an inlaw to former Military President Ibrahim Babangida.
OML 215 is operated by Nor East Petroleum Limited owned by Alhaji Saleh Mohammed Gambo.
OML 108 is operated by Express Petroleum Company Limited is owned by Alhaji Aminu Dantata.

OML II3 allocated to Yinka Folawiyo Pet Ltd is owned by Alhaji W.I. folawiyo
ASUOKPU/ UMUTU marginal oil fields is operated by Seplat Petroleum. Seplat is owned by Prince Nasiru Ado Bayero, cousin to the Central Bank Governor Lamido Sanusi. This oil field has the capacity of 300,000 barrels of oil daily. This translates to $30million dollars daily at average benchmark of $100 dollars per barrel. Deducting all sundry taxes, royalties etc , this field can yield $12billion dollars daily for the owners .

Intel owned by Atiku, Yarádua and Ado Bayero has substantial stakes in Nigeria’s oil exploration industry both in Nigeria and Principe and Sao Tome.
AMNI owns two oil blocks OML 112 and OML 117 which it runs Afren plc and Vitol has substantial stakes in oil blocks. Afren plc is operating EBOK oil fields in OML 67. Vitol lifts 300,000 barrels of Nigerian oil daily. Rilwanu Lukman, former OPEC Chairman has stakes in all these named three companies.

OPL 245 was awarded to Malabu Oil& Gas Company by Sanni Abacha. Dan Etete, Abacha’s oil minister owns Malabu Oil. In 2000, Vice President Atiku Abubakar convinced Obasanjo to revoke OPL 245 given to Malabu Oil. Etete had earlier rejected Atiku’s demand for substantial stakes in the high yield OPL 245 and it attracted the venom of Ota Majesty who revoked the licence. However, in 2006, Obasanjo had mercy on Dan Etete and gave him back his oil block worth over $20 billion dollars.

OPL 289 and OPL 233 was awarded during Obasanjo era to Peter Odili fronts, Cleanwater Consortium, consisting of Clenwater Refinery and RivGas Petroleum and Gas Company. Odili’s brother in law, Okey Ezenwa manages the consortium as Vice Chairman.

OPL 286 is managed by Focus Energy in partnership with BG Group, a British oil concern. Andy Uba has stakes in Focus Energy and his modus operandi is such that you can never see his name in any listings yet he controls OPL and OML through proxies
OPL 291 was awarded to Starcrest Energy Nigeria Limited, owned by Emeka Offor by Obasanjo . Immediately after the award, Starcrest sold the oil block to Addax Petroleum Development Company Limited (ADDAX) Addax paid Sir Emeka Offor a farming fee of $35million dollars and still paid the signature bonus to the government. Emeka Offor still retains stake in ADDAX operations in Nigeria.
Mike Adenuga’s Conoil is the oldest indigenous oil exploration industry in Nigeria. Conoil has six oil blocks and exports above 200,000 barrels of crude daily.

The oil block national cake sharing fiesta could take twists according to the mood of the Commander-in –Chief at the particular time. In 2006, Obasanjo revoked OPL 246 which Abacha gave to Danjuma because he refused to support the tenure elongation bid of the Ota Majesty. In 2000, Obasanjo had earlier revoked OPL 241 given to Dan Etete under the advice Atiku.

However, when the Obasanjo-Atiku face off started, the Ota Majesty made a u-turn and handed back the oil block to Etete.
During the time of Late President Yarádua , a panel headed by Olusegun Ogunjana was set up to investigate the level of transparency in the award of oil blocks. The panel recommended that 25 oil blocks awarded by the Obasanjo be revoked because the manner they were obtained failed to meet the best practices in the industry. Sadiq Mahmood, permanent secretary in the Ministry of Petroleum endorsed the report to then president with all its recommendations . As a result of the report Yarádua revoked eleven oil blocks.

In April 2011 Mike Adenuga attempted to buy Shell’s OML 30 for $1.2 billion dollars. The Minister for Petroleum and Nigeria’s most powerful woman refused the sale of the OML30 to Adenuga citing national interest. This block was later sold to Heritage Oil for $800 million dollars eleven months later.

In the name of competitive bidding, which Obasanjo introduced in 2005, Officials bring companies overnight and through processes best described as secretive and voodooist they award blocks to party faithful, fronts and phoney companies. They collect gratifications running into hundreds of millions of dollars which is paid into an offshore account and the nation loses billions of dollars of revenue to private pockets.

Source: http://www.osundefender.org/?p=163576

They need to publish the names of these oil block owners. Saying the oil blocks are owned exclusively by northerners without publishing their names and tax they pay is only part of the story. We need to know who these northern oligarchs are and how they came to exclusively award the Niger Delta oil wells to themselves.

Ll

ChimaAdeoye:



They need to publish the names of these oil block owners. Saying the oil blocks are owned exclusively by northerners without publishing their names and tax they pay is only part of the story. We need to know who these northern oligarchs are and how they came to exclusively award the Niger Delta oil wells to themselves.

So if you don't quote the long write up you can't post ur comment abi?

size38:
Whether the oil block owners are from Igbos, Hausa, Yoruba or even the Niger delta, they all belong to the thieving cabal in Nigeria. They all our common enemies for stealing what belongs to all us to themselves and their families. For Example, yesterday GEJ was nobody in Nigeria. He had no shoes to wear. But today, he is one of those that owns oil well in Nigeria. He has been enjoying that with his families and relations. Our enemies are not Igbos, hausa, yoruba, PDP, APC APGA or any tribe in Nigeria. Our enemies are our thieving leaders.

God bless you up and down.

Some stupid people come here to defend the criminals stealing fromm the.

When you say "exposed" you make it sound as though it is criminal to own an oil block.

So now that you've "exposed" them and we've read the "list", what do we do with it

publicenemy:


So if you don't quote the long write up you can't post ur comment abi?

Sorry about that. I will cut the quote to just the relevant part

ChimaAdeoye:

Sorry about that. I will cut the quote to just the relevant part

You are a good child from a good home...

Most people would respond with an insult.

Waspy:
There are iotas of truth to every lie

Na only 'iota'? What about shade, design and colour?

Why must people recycle hogwash, and try to pass it off as fact?

omenka:
When you say "exposed" you make it sound as though it is criminal to own an oil block.

So now that you've "exposed" them and we've read the "list", what do we do with it

Abeg, help me ask am! This story he is peddling here, has been debunked several times over in various parts of the media.

I don't know why some people refuse to learn....chai!

They always try to blame everything on Abacha, that was why the writer start off by making Abacha the only head of state mentioned to have sold oil blocks.

In fact it is not true that Abacha will dash Danjuma $1Bn oil block for no apparent reason,at a time when Nigeria was struggling to make ends meet with crude oil selling at only $9 /Barrel.

Abacha was not in the business of privatisation which was a conditionality of IMF and World Bank loans which Abacha had rejected.

Thief Obasanjo was the person that wanted to sell off all assets of Nigeria to American companies.

The writer has not mentioned the oil owned by American and Western multinationals.

The bolded are contradictory in the writers attempt is sweeping over Thief Obasanjo's role in single handedly selling of our oil block assets and blaming it on Abacha , he got mixed up and contradicted himself.

First he say that oil block given to Danjuma by Abacha (unfairly blaming Abacha), was sold on by Danjuma for $1Bn, then he mentioned again that Abacha had given Danjuma the oil block 1998 (The same year Abacha was killed, I bet he would say it was June 1998).
Then towards to the end of the article, the writer said Thief Obasanjo had revoked the oil block Abacha had given Danjuma, hence contradicting his earlier statment that Danjuma had sold the oil block for $1Bn.

Na wa for Nigerian elite! when will the stop trying to hide Thie Obasanjo's thievery and blaming Abacha?

sayitout1:
[size=18pt]The oil block business is so lucrative that Danjuma’s Sapetro divested of its investment in Akpo condensate for $1billion dollars.[/size] The business is second to none in Nigeria. That is why any attempt to investigate the activities in this sector will always be futile. The money is so much that they give bribes in millions of dollars. A birthday gift or child naming gift from an oil block owner to a government official could be as paltry as $2million dollars, and if the official’s father died, the condolence gift could reach mere $3 million dollars.
When they want to bribe legislators, it is in millions of dollars and any ongoing investigation ends within weeks. They are so confident that with excess money they can buy up Nigeria and they are succeeding OML 110 with high yield OBE oil fields was given Cavendish Petroleum owned by Alhaji Mai Daribe, the Borno Patriarch in 1996 by Sanni Abacha. OBE oil field has estimated over 500 million barrels of oil. In layman’s language and using average benchmark of $100 dollars per barrel, translates to $50 billion dollars worth of oil reserve. When you remove the taxes, royalties and sundry duties worth about 60% of the reserve payable over time you get about $20billion dollars worth of oil in the hands of a family.
[size=18pt]OPL 246 was awarded to SAPETRO, a company owned by General Theophilus Danjuma, by Sanni Abacha in 1998.[/size] Akpo condensate exports about 300,000 barrels of crude daily.
NOML 112 and OML 117 were awarded to AMNI International Petroleum Development Company owned by Colonel Sanni Bello in 1999. Sanni Bello is an inlaw to Abdulsalami Abubakar, former Head of State of Nigeria.
OML 115, OLDWOK Field and EBOK field was awarded to Alhaji Mohammed Indimi from Niger State. Indimi is an inlaw to former Military President Ibrahim Babangida.
OML 215 is operated by Nor East Petroleum Limited owned by Alhaji Saleh Mohammed Gambo.
OML 108 is operated by Express Petroleum Company Limited is owned by Alhaji Aminu Dantata.
OML II3 allocated to Yinka Folawiyo Pet Ltd is owned by Alhaji W.I. folawiyo
ASUOKPU/ UMUTU marginal oil fields is operated by Seplat Petroleum. Seplat is owned by Prince Nasiru Ado Bayero, cousin to the Central Bank Governor Lamido Sanusi. This oil field has the capacity of 300,000 barrels of oil daily. This translates to $30million dollars daily at average benchmark of $100 dollars per barrel. Deducting all sundry taxes, royalties etc , this field can yield $12billion dollars daily for the owners .
Intel owned by Atiku, Yarádua and Ado Bayero has substantial stakes in Nigeria’s oil exploration industry both in Nigeria and Principe and Sao Tome.
AMNI owns two oil blocks OML 112 and OML 117 which it runs Afren plc and Vitol has substantial stakes in oil blocks. Afren plc is operating EBOK oil fields in OML 67. Vitol lifts 300,000 barrels of Nigerian oil daily. Rilwanu Lukman, former OPEC Chairman has stakes in all these named three companies.
OPL 245 was awarded to Malabu Oil& Gas Company by Sanni Abacha. Dan Etete, Abacha’s oil minister owns Malabu Oil. In 2000, Vice President Atiku Abubakar convinced Obasanjo to revoke OPL 245 given to Malabu Oil. Etete had earlier rejected Atiku’s demand for substantial stakes in the high yield OPL 245 and it attracted the venom of Ota Majesty who revoked the licence. However, in 2006, Obasanjo had mercy on Dan Etete and gave him back his oil block worth over $20 billion dollars.
OPL 289 and OPL 233 was awarded during Obasanjo era to Peter Odili fronts, Cleanwater Consortium, consisting of Clenwater Refinery and RivGas Petroleum and Gas Company. Odili’s brother in law, Okey Ezenwa manages the consortium as Vice Chairman.
OPL 286 is managed by Focus Energy in partnership with BG Group, a British oil concern. Andy Uba has stakes in Focus Energy and his modus operandi is such that you can never see his name in any listings yet he controls OPL and OML through proxies
OPL 291 was awarded to Starcrest Energy Nigeria Limited, owned by Emeka Offor by Obasanjo . Immediately after the award, Starcrest sold the oil block to Addax Petroleum Development Company Limited (ADDAX) Addax paid Sir Emeka Offor a farming fee of $35million dollars and still paid the signature bonus to the government. Emeka Offor still retains stake in ADDAX operations in Nigeria.
Mike Adenuga’s Conoil is the oldest indigenous oil exploration industry in Nigeria. Conoil has six oil blocks and exports above 200,000 barrels of crude daily.
The oil block national cake sharing fiesta could take twists according to the mood of the Commander-in –Chief at the particular time. [size=18pt]In 2006, Obasanjo revoked OPL 246 which Abacha gave to Danjuma[/size] because he refused to support the tenure elongation bid of the Ota Majesty. In 2000, Obasanjo had earlier revoked OPL 241 given to Dan Etete under the advice Atiku.
However, when the Obasanjo-Atiku face off started, the Ota Majesty made a u-turn and handed back the oil block to Etete.
During the time of Late President Yarádua , a panel headed by Olusegun Ogunjana was set up to investigate the level of transparency in the award of oil blocks. The panel recommended that 25 oil blocks awarded by the Obasanjo be revoked because the manner they were obtained failed to meet the best practices in the industry. Sadiq Mahmood, permanent secretary in the Ministry of Petroleum endorsed the report to then president with all its recommendations . As a result of the report Yarádua revoked eleven oil blocks.
In April 2011 Mike Adenuga attempted to buy Shell’s OML 30 for $1.2 billion dollars. The Minister for Petroleum and Nigeria’s most powerful woman refused the sale of the OML30 to Adenuga citing national interest. This block was later sold to Heritage Oil for $800 million dollars eleven months later.
In the name of competitive bidding, which Obasanjo introduced in 2005, Officials bring companies overnight and through processes best described as secretive and voodooist they award blocks to party faithful, fronts and phoney companies. They collect gratifications running into hundreds of millions of dollars which is paid into an offshore account and the nation loses billions of dollars of revenue to private pockets.
Source: http://www.osundefender.org/?p=163576

https://www.youtube.com/watch?v=Jgwb2xTgdYg&list=PLRzmuN0KKXK-WIR-BKAd0gBxB7YIUepyl&index=94

masterpower:
95% OF OIL BLOCKS IN NIGERIA IS IN THE HANDS OF NORTHERN MUSLIMS.

WHY WOULD BOKOHARAM STOP WHEN THEY HAVE ALL OIL BLOCKS IN THE NIGER-DELTA OF NIGERIA?

dis pple dn kill us oo....i dy wonda where dz taut dy get dis money from!

size38:
Whether the oil block owners are from Igbos, Hausa, Yoruba or even the Niger delta, they all belong to the thieving cabal in Nigeria. They all our common enemies for stealing what belongs to all us to themselves and their families. For Example, yesterday GEJ was nobody in Nigeria. He had no shoes to wear. But today, he is one of those that owns oil well in Nigeria. He has been enjoying that with his families and relations. Our enemies are not Igbos, hausa, yoruba, PDP, APC APGA or any tribe in Nigeria. Our enemies are our thieving leaders.

Well put.

I was here

National interest indeed

sayitout1:

In April 2011 Mike Adenuga attempted to buy Shell’s OML 30 for $1.2 billion dollars. The Minister for Petroleum and Nigeria’s most powerful woman refused the sale of the OML30 to Adenuga citing national interest. This block was later sold to Heritage Oil for $800 million dollars eleven months later.

i can see emeka ofor and andy uba on that list..now i see where kcee Limpopo gets his names from while begging for money

i can see emeka ofor and andy uba on that list..now i see where kcee Limpopo gets his names from while begging for money

size38:
Whether the oil block owners are from Igbos, Hausa, Yoruba or even the Niger delta, they all belong to the thieving cabal in Nigeria. They all our common enemies for stealing what belongs to all us to themselves and their families. For Example, yesterday GEJ was nobody in Nigeria. He had no shoes to wear. But today, he is one of those that owns oil well in Nigeria. He has been enjoying that with his families and relations. Our enemies are not Igbos, hausa, yoruba, PDP, APC APGA or any tribe in Nigeria. Our enemies are our thieving leaders.

The only sensible and positive post so far.
Big ups to you for trying to open the eyes of the blind and gullible, who thrive on hating themselves instead of the real enemy, the enemy that has been brainwashing them to turn on each other.

OJUKWU may your soul rest ever in peace.
I wonder why this Niger Deltans have still not
realised their mistakes. You saw tomorrow Ojukwu.

You Still want to bring back APC to power to Islamise Nigeria
and still more of your wealth. Shaking my head.

Balkan:

You Still want to bring back APC to power to Islamise Nigeria
and still more of your wealth.

You'v just succeeded at shooting yourself in the foot.

Virtually all the owners of the oil wells are members or stakeholders in PDP.

size38:
Whether the oil block owners are from Igbos, Hausa, Yoruba or even the Niger delta, they all belong to the thieving cabal in Nigeria. They all our common enemies for stealing what belongs to all us to themselves and their families. For Example, yesterday GEJ was nobody in Nigeria. He had no shoes to wear. But today, he is one of those that owns oil well in Nigeria. He has been enjoying that with his families and relations. Our enemies are not Igbos, hausa, yoruba, PDP, APC APGA or any tribe in Nigeria. Our enemies are our thieving leaders.

May your days be long