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Stats: 2,906,403 members, 7,006,843 topics. Date: Monday, 08 August 2022 at 07:47 PM
20 Owners Of Richest Oil Blocks In Nigeria – Their Names Will Shock You. / 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty / Nigeria’s Richest Oil Blocks Owners Exposed: Names & Detail (2) (3) (4)
|20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by samx4real(m): 3:15pm On Feb 14, 2015|
Their Names Will Shock You!
It’s more news the North wants GEJ out of the way, so their licenses can be renewed cos most of them are expiring from 2016 upwards.
Monumental injustice is being perpetrated to the people of Niger Delta on whose soil the oil was found.
These people constitutes the main opposition to President Goodluck Jonathan today. Please Read on:
(1) This oil block business is so lucrative that Danjuma’s Sapetro divested of its investment in Akpo condensate for $1billion dollars. This 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.
(2) 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.
(3) 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.
(4) 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.
(5) 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.
(6) OML 215 is operated by Nor East Petroleum Limited owned by Alhaji Saleh Mohammed Gambo.
(7) OML 108 is operated by Express Petroleum Company Limited is owned by Alhaji Aminu Dantata. (cool OML II3 allocated to Yinka Folawiyo Pet Ltd is owned by Alhaji W.I. folawiyo)
(9)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.
(10)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.
(11) 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.
(12) 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.
(13) 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.
(14) 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.
(15)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.
(16) 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.
(17)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 faceoff
started, the Ota Majesty made a u-turn and handed back the oil block to Etete.
(18)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.
(19) 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.
(20) 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 offshore account and the
nation loses billions of dollars of revenue to private pockets.
During the third term agenda, Obasanjo was deceived that the allocation of oil block to party faithfuls is to fund the third term agenda. With the failure of the third term, the beneficiaries
went home with their fortunes and thanked God or Allah for buttering their bread.
Senator Andy Uba co ordinate the award of the last rounds of oil block by Obasanjo in 2005 and 2007. The then minister of petroleum, Edwin Daukoru was a mere errand boy who took instructions from the presidential aide
The process of sharing Nigeria’s oil block national cake is as fraudulent now as when Ibrahim Babangida started the process of discretionary allocation of oil blocks to indigenous firms. Discretionary allocation of oil blocks entails that a president can reward a mistress who performs wonderfully with an oil block with capacity for cumulative yield of over $20 billion dollars without recourse to any process outside of manhood attachments.
Babangida, Abacha, Abdulsalami and Obasanjo awarded discretionary oil blocks to friends, associates, family members, party chieftains, security chiefs and all categories of bootlickers, spokespersons and cult members without any laid down procedures.
The recipients of such oil blocks will get funds from ever willing offshore financiers and partners to graciously settle the benefactors, the awarders, facilitators and the Commander-in-Chief through fronts. These settlements mostly paid into foreign accounts runs into hundreds of millions of dollars according to the potential yield of the block. Sometimes, the awarder (sharer of national cake and direct
intermediaries) demand additional stakes in the bidding company. The awarder sends fronts as part of the directorship and management of the bidding firms without leaving a link to them. That is how the oil block national cake is distributed to a few Nigerians.
Signature bonuses which are paid when an investor successfully bids, wins and signs agreement with the petroleum ministry, running into tens of millions and sometimes hundreds of millions of naira ,is often waived off. There is actually no waiver; rather a diversion of what would have been paid to government t coffers is paid into private
purse as appreciation gifts. That is why those in the Petroleum Ministry dread retirement
as though it signifies going to hell fire. No matter how little your influence, something substantial must enter your hands especially in hard currency. The nation loses billions of dollars in diverted revenue whenever any round of auction occurs.
The regime of President Goodluck is not showing any signs of changing the status quo. Controversies have trailed the activities of the Minister of Petroleum and many players in the
Industry accuse her of demanding stakes from every oil deal. It is hoped that President Goodluck Jonathan will remember his
transformational promise to Nigerians and endeavour to face the hawks in the oil industry.
The angst in the air is so much that if this monster of illegal allocation of oil block is not addressed, the much touted revolution could begin all of a sudden and all who condoned
this illegality at the expense of hungry Nigerians may have nowhere to hide.
Culled from How Babangida, Abubarkar, Abacha, Obasanjo Shared Nigeria’s Oil Blocks – Written by Obinna Akukwe
Make una put mouth for this matter fellow NL! How una see am
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|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by Trailblazer1(m): 3:17pm On Feb 14, 2015|
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by Tundenoni(m): 3:25pm On Feb 14, 2015|
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by samx4real(m): 3:48pm On Feb 14, 2015|
Oga... Una just dey book space! Na wa oh
U guys must be from d west or north
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by samx4real(m): 4:16pm On Feb 14, 2015|
Admin move to front page pls...
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by PapiWata: 5:30pm On Feb 14, 2015|
A northern Nigerian is needed to renew the oil field leases that expire in 2016, as illustrated beautifully in the above write-up. Any northern Nigerian will do, since his tribal obligation will of course be to ensure that the most lucrative oil leases in Nigerian territory REMAIN in the hands of northern Nigerians, EXACTLY as listed in this damning expose published here by SamX4Real.
An election victory that sees Jonathan Goodluck serving a second term in office is an outcome dreaded above all else by the hidden oil barons of northern Nigeria, who stand to lose their strangle-hold on Nigerian oil fields FOREVER, as southern bidders for those precious oil drilling leases are FINALLY allowed to complete on even terms with the born-to-drill northern elite, all of who "qualified" for oil field ownership thanks to systemic decades-old tribalism and nepotism which kept the wealth of an entire nation in the greedy hands of a few select northern family networks linked to past military dictators.
The shuffling out for presidential candidacy of a geriatric and senile ex-military tyrant, Weeping General Boko Hari, by the northern oil mafia and their southern stooges, is a last-ditch desperate lunge to maintain the old order, by its network of beneficiaries who can no longer depend on the re-organized Nigerian military to support their personal agendas of silent petroleum monopoly, as was the case back when the military top brass was drawn largely from the north of Nigeria, during the darker years of the nation's history.
With no re-election worries to complicate his decision making process, Jonathan Goodluck's second term in office will logically sound the death knell for the oil cartels of northern Nigeria, whose covert diversion of most of the oil belonging to 200 million souls will be relegated to the garbage heap of history.
Vote Jonathan Goodluck until 2019, because Nigeria's oil is not Alhajis' Danjuma and Abubakar's personal property any more. The sooner that new reality is made official, the better for Nigeria.
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|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by sosanova: 5:46pm On Feb 14, 2015|
When all these oil block licenses of these Abokki(Hausa) people expire in 2016...I will proudly become the one of the owner of at least 2 of the oil blocks in the new bidding process.
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by IHEJIRIKAisBOKO: 5:54pm On Feb 14, 2015|
sosanova:some of you are irredemably d'aft. 70% of the names listed there are memebers of the PDP, some of them even contributed cash towards jonathans campaign.
Jonathan re-election wouldnt change the status-quo unless the country is restructured i:e regionalism, true federalism and resource control
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by sosanova: 5:56pm On Feb 14, 2015|
U call me daft?
Na original mumu u be n a grade 1 monkey from China, u don't understand Nigeria politics, do u know most of these oil block owner of Northern extraction are working secretly for Buhari, they are part of those financing Buhari's re-election. They are scared GEJ will , not grant them licenses to those oil blocks rather he will give them to Niger Delta Indigines n some of his loyalists from South West n South East.
Go back to ur ABC n learn the nitty gritty of Nigeria politics 101....Stop typing rubbish from your father's laptop...GO back to the Museum where u belong....u be ancient man
12 Likes 1 Share
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by baybeeboi: 5:57pm On Feb 14, 2015|
Like the way it looks.
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by VolvoS60(m): 6:16pm On Feb 14, 2015|
This pitch for Dr. Jonathan's re-election is a hard sell, the hardest sell of all.
Most Nigerians do not know about the lack of transparency surrounding their country's oil industry, particularly the allocation of OMLs and OPLs. Unfortunately, the Jonathan administration did not fight to remove this opacity for the six years it has been in power. It did not sponsor any executive bill in this area and fight hard to see it to a logical conclusion, i.e. passed into law. As I write this, the petroleum industry bill remains just that: a bill. After how many years of the GEJ administration sitting in power with a party majority in the legislature? Two? Three? Four? Five?
Nigeria has serious structural problems in the way government is run, some of which you have highlighted above. Instead of the JEG administration to restructure this Republic and strike a blow on behalf of Nigerians yet unborn, it decided to play politics and maintain the status quo, cozying up to the very interests you now claim the administration will fight against - if given a second term in office. Too little, too late.
Instead of baiting and slandering whole ethnicities at this eleventh hour, you would have been better served advising the administration to ACT while it still had the time and also to make sure its own hands were squeaky clean.
It is too late now. The GEJ administration now has a well deserved notoriety for embracing, promoting and nurturing corruption and graft - a notoriety that will likely cost it dearly at the polls.
We will see how it turns out in a few weeks time...
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by sosanova: 6:32pm On Feb 14, 2015|
IHEJIRIKAisBOKO:[size=14pt] E clear say u dey reason thru ur anus, u be Real Talented monkey made in China but refined in Somaila , na people like u dem dey slap collect money for their hand for oshodi,So because They are donating to GEJ now means they don't also have sinister motives working Buhari, are u aware GEJ has placed several North West n north East Governors under surveillance because of the secret pact they had with Buhari n APC yet they are still in PDP......
See the part where u come show say ur stupidity na dat of Chimpanzee...u said GEJ does give a bleep about his Niger Delta people, but yet he is giving out security contracts worth over $18 million dollars each to the likes of Asari Dokubo, Tompolo, General Boyloaf, Ayiri Emami, n several others just to monitor oil piplines
Dem no dey tell mad man like u, say trailer dey come..Na Spaghetti dem take make ur brain
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|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by PapiWata: 6:40pm On Feb 14, 2015|
By reviving a dead and buried tyrant from Nigeria's dinosaur era named Boko Hari, Jonathan Goodluck's second term in office is assured. Why the Nigerian opposition party had to reach yet again into the septic tank of history to retrieve such a blood-thirsty and uneducated buffoon as Buhari to serve as a presidential candidate is as perplexing as it is fortuitous.
Why the northern oil mafia did not see fit to field a highly educated proven leader of men such as former military governor of Lagos State, Alhaji Marwa, to contest Nigeria's upcoming presidential elections, is one of those puzzling enigmas that will persist for a good while after Weeping General Boko Hari suffers his 15th electoral defeat in a row, and proceeds to order the usual civilian massacres out of loser's spite.
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by Nobody: 6:57pm On Feb 14, 2015|
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by Valentinooo: 7:32pm On Feb 14, 2015|
Even if GEJ enters, he will still renew the licences of these people. U know y? They all av a means of paying their loyalties to him.
So it was IBB that started this method of allocation?
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by LoveDecay(m): 7:33pm On Feb 14, 2015|
For detailed information on the oil block owners and not a biased list of the 'supposed' top 20 see the following articles.
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by Nobody: 7:50pm On Feb 14, 2015|
IHEJIRIKAisBOKO:true talk. Plz GEJ implement the national conference report verbatim now. True federalism is the only panacea, no other magic can work. This will de-emphasize the struggle for power and encourage productivity.
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by samx4real(m): 8:32pm On Feb 14, 2015|
This is d real reason we have to bring back GEJ...
Vote wisely! Admin
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by Nobody: 8:47pm On Feb 14, 2015|
PapiWata:And many people who should know better have being here typing and screaming ''Sai Buhari''... Smh.
Can't they see the plot? I know Jonathan is not a better canditate - by no means - but Buhari shouldn't be an option!
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by kilmix: 12:34am On Feb 15, 2015|
That's AAU @ur dp... Am I correct?
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by OreMI22: 2:33am On Feb 15, 2015|
That is why they want GEJ out at all costs.
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by waternogetemeny: 3:14am On Feb 15, 2015|
OPERATION TAKE BACK UR OIL WELL.
WHETHER GEJ WINS OR NOT.
IS WELL ON THE WAY
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by Ovamboland(m): 4:39am On Feb 15, 2015|
Shey you can see that you even dumb and very daft, you are here advocating the transfer of the oil blocks from one set of cronies to another and that is your transformation agenda.
How does the transfer benefit your miserable life?
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by samx4real(m): 5:48am On Feb 15, 2015|
Yes oh... That's d movement!
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by samx4real(m): 5:54am On Feb 15, 2015|
Even him so call God father!
They are calling him mediocal, failed government... They know wat they are doing oh!
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by double0seven(m): 6:35am On Feb 15, 2015|
you guys, Sasanova, papawaita, and the rest, you people are yanning rubbish of the highest order.
You're are saying the the corrupt rich upper class, oil barons, and the likes of them are afraid of a Jonathan Presidency!!!!!!!
Very funny. How really stupid do you PDP propagandist think people are? The corrupt and the rich upper class, oil barons, business men, those in power and energy have never had it so good under any other presidency. Whole policies from the ground-up, policies that are anti-masses are being formulated just to favour them. See the car scheme production thing for example; they wanted to immediately jack up tariff of car by like, is 70% now ( can't remember well) just because of people like Cosmas Maduka and Stallion Motors, until some influential people cried out.
All Jonathan's economic policies are not people driven; they are formulated with the intent of benefiting some powerful click or set of business men.
When it comes to vested interests of the greedy and corrupt upper class, anyone who knows anything about anything at all, knows that patronage and not tribe or ethnicity is the currency and all time important factor.
A Buhari presidency is exactly what all these people don't want, whether they are from the West, South or North. The Dangotes, Tompolos, Dokunbos, David Marks, Cosmas Maduka, Otedolas, all don't want a Buhari Presidency. They desperately don't want. Buhari is the man that will change the status-quo. Never in Nigerian elections have so much propaganda with so much venom been directed at a presidential candidate. It is because an upright man wants to come to the throne.
What they though was impossible, the God of justice who is not partial is bringing to pass before their very eyes.
You know where you can shove your godforsaken propaganda? Flush it down the toilet. Try and come up with another to justify your pay.
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by PapiWata: 6:48am On Feb 15, 2015|
Thank you for this fascinating dissertation, but please rest assured that Boko Hari has been exposed as the terror gang leader that he has been all along, which means of course that he is doomed to lose over and over again, until hell freezes over.
Once again, your contribution is much appreciated for its entertainment value, and nothing more.
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by double0seven(m): 7:30am On Feb 15, 2015|
you see how senseless your claims are. Buhari has been exposed as Bokoharam leader? By whom if may ask? Were is the evidence? On what are you basing this?
Everyone knows that Buhari's biggest advantage and strongholds in next month elections is the North where he has a cult like following. It is particularly strong in the three States under siege.
Now would Buhari who is trying to win the Presidential elections be telling his bokoharam boys who are, according to you and other propagandist, under his command to be decimating his strongholds, displacing those who are bent on voting for him?
You see your life. You see how senseless your propaganda is? How your conjured arguments fall apart when subjected to critical reasoning?
The Bokoharam carnage in the 3 northern States benefit GEJ and not GMB.
Now if Buhari is the leader of Bokoharam
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by PapiWata: 7:34am On Feb 15, 2015|
Calm down. There is no need to get hysterical. Bokko Hari is DESTINED to lose in ALL he attempts during his wasted life, and the sooner you learn to live with that, the less mental anguish you will experience as the years roll on by.
Have a nice day sir, and again, try to take things a bit easier, for the sake of your health.
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by Giannakopoulos(f): 7:49am On Feb 15, 2015|
Are you making any sense at all?,did they acquire the oil wells through a lawful means,please play politics on issues.
|Re: 20 Owners Of Richest Oil Blocks In Nigeria: Why You Need To Vote For GEJ 2015. by electropiz(m): 8:38am On Feb 15, 2015|
Northerners with all this money cannot develop their states, no youth empowerment, no scholarships offer to their people, no project that will benefit their people, they spend their money in Sudan, Saudi Arabia, uae, compare that with southerners/easterners that are made, many of them have scholarship program they are funding, they instal social amenities in their communities, its a shame to these northern elites.
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