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30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty - Politics (3) - Nairaland

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20 Owners Of Richest Oil Blocks In Nigeria – Their Names Will Shock You. / 20 Owners Of Richest Oil Blocks In Nigeria – Their Names Will Shock you! Post / Nigeria’s Richest Oil Blocks Owners Exposed: Names & Detail (2) (3) (4)

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Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by Mordyb: 3:39pm On Feb 16, 2015
It don't mean to sentimental or tribalistic but people from the south south that produces the oil are suffering and when we agitated through militancy is when we had any form of bargaining power as all the regions of Nigeria wants to make money from us without at least taking care of the place that feed

I won't be surprised if boko haram is a by product of northern oligarchs who are not happy with the way things are because it does not suit their selfish needs because they have not even one(1) plausible reason for killing. If not how can a country that is a major oil producer not have a gigantic saving made from all the years of oil boom. I know our president has seen this evil and that is why if you put your ears to ground you will discover major oil deal are very difficult and tricky to perform because unlike during those day where you see illiterate alhaji going down to south and robbing Nigeria clean with only a Pen and Paper in the name of allocation.

I am an advocate of strict federalism wherby all region natural resources are exploited equally with a percentage given to the centre a fund be established to explore other resources in every region.

Goodluck Jonathan I beg you with all the good things on earth pls ensure the Petroleum industry Bill is signed into by lastest the 3rd month of your second tenure even if it means bribing those good for nothing legislooters so our Naira won't be a useless paper

SAY YES TO STRICT FEDERALISM
SAY YES TO PIB
SAY YES GOOD GOVERNANCE REGARDLESS OF POLITICAL AFFILIATION

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Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by retsonbiz(m): 3:40pm On Feb 16, 2015
Nigerians should appreciate and vote the man Buhari....in all these his Name is absent....Sai Buhari

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Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by Nobody: 3:42pm On Feb 16, 2015
So all the talk of GEJ's Mistress having oil blocks was false?
Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by sarmiie(m): 3:43pm On Feb 16, 2015
100Cents:


Must an oil block be given to one person ?

Let Nigeria create an agency to manage these oil blocks on behalf of the FEDERAL GOVERNMENT.

What is the criteria for giving an oil block worth billions of dollars to a hair dresser or a tailor and she becomes world's black richest woman ? Una no dey fear God ?

Nigerians are just too greeedy for self..



hehehe

what are u saying?? she sabi do her job well na....shouldnt she be rewarded??
Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by M4gunners: 3:52pm On Feb 16, 2015
Oil wen dey my Parent backyard o
Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by dayjee: 3:53pm On Feb 16, 2015
Na wa oooooooooo.
Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by hitler30: 3:54pm On Feb 16, 2015
There is god oooooooooooooooooooo, chai.
Orikinla:
30 Facts about Owners of Nigeria’s Richest Oil Blocks in the Midst of National Poverty
youths
~ By Rev. Obinna Akukwe

The richest oil blocks in Nigeria is owned by few dozens of persons while half of 160 million Nigerians live below S1 dollar daily. This injustice and wickedness must be corrected by whosoever wins the elections - whether Buhari, Jonathan, Interim Government, Boko Haram or civilian revolution. When I wrote the report titled ‘How Babangida, Abacha, Abdulsalami, Obasanjo Shared Nigeria’s Oil Blocks’ in April 2012, which was later rephrased as ‘20 Owners of Richest Oil Blocks in Nigeria ’ I had thought that the uproar and public condemnation that followed the report both nationally and internationally will precipitate an administrative investigation into the manner of the awards to sift the transparent deals which passed due diligence from those awarded after some bedroom performances. It is unfortunate that President Jonathan failed to revoke these illegal licenses to few criminals during his first tenure. Instead some more blocks and contracts were given another set of criminals under his watch. Had he taken such actions, the fear of defeat in the pols would have been non-existent because Nigerians from all tribes and faith enslaved by this bondage would have risen in his defense. It is not yet late for Jonathan, Buhari, Interim Government or even Boko Haram which soever succeeds in May 29th to revisit the disturbing sharing of Nigeria’s Oil Blocks to a few persons without recourse to transparency and put it back into the hands of the people.Those who proved they obtained theirs transparently should not be victimized under any circumstances.


Below again are the 30 Facts about the Fraudulent Sharing of Nigeria’s Oil Blocks and those involved

(1)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.

(2)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.

(3) 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 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.

Some of these oil field has the capacity of between 300,000 -500,000 barrels of oil daily.

(4) OML 110 OBE given by Sanni Abacha in 1996 to Alhaji Mai Daribe under Cavendish Petroleum had 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. This means that $20billion dollars’ worth of oil in the hands of a family or $170 million dollars’ worth of oil daily.

(5) 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.

(6) OML 112 and OML 117 were awarded to AMNI International Petroleum Development Company owned by Colonel Sanni Bello in 1999. Sanni Bello is an in-law to Abdulsalami Abubakar, former Head of State of Nigeria.
(7) 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.

(cool OML 215 is operated by Nor East Petroleum Limited owned by Alhaji Saleh Mohammed Gambo.

(9) OML 108 is operated by Express Petroleum Company Limited is owned by Alhaji Aminu Dantata. Obasanjo , with the help of Andy Uba, awarded OPL 2008 to Tenoil Petroleum & Oil Services owned by Tony Elumelu and Jim Ovia
(10) OPL 2009 and 2010 were awarded to Global Energy Group owned by Chief Suleiman Onabiyi and Joseph Obiago . That is why a lot of major players in the oil industry owes Obasanjo and Andy Uba a lot.

(11) OML II3 allocated to Yinka Folawiyo Pet Ltd is owned by Alhaji W.I. folawiyo. Asuopku/Umuntu ( Egbema marginal oil fields) was awarded to Platform Petroleum in 2003 by Obasanjo.
(12) In 2010 Platform Petroleum (owned by Edmund Daukoru,a Bayelsa prince and Lulu Briggs among others) and Seplat ( owned by Prince Nasiru Ado Bayero, cousin to the Central Bank Governor Lamido Sanusi) teamed up in landmark partnership to manage the venture.

(13) Intel owned by Atiku, Yar’adua 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.

(14) OML 112 is estimated to have 130 million barrels of oil valued with the current price of $100 dollars per barrel at S13 billion dollars with 25 year lease.

(15) 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.

(16) 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

(17) 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 $20billion dollars.

(18) 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.

(19) 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.

(20) 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.

(21) 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.

(22) 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.

(23) 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.

(24) During the time of Late President Yar’adua , 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.

(25) 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 sold to Heritage Oil for $800 million dollars eleven months later.

(26) This oil block business is so lucrative that Danjuma’s Sapetro divested of its investment in Akpo condensate for $1billion dollars.

(27) 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.

(28) In the name of competitive bidding, which Obasanjo introduced in 2005, officials bring companies overnight and through processes best described as secretive and voodooist, awards 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.

(29) 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 coordinated the award of the last rounds of oil blocks 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.

(30) 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, Diezani Madueke and many players in the Industry accuse her of demanding stakes from every oil deal. Diezani Madueke had also soiled herself in different oil deals and also awarded oil contracts to fictitious companies.


It is hoped that President Goodluck Jonathan will remember his transformational promise to Nigerians and endeavor 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.

The religious leaders should tell these oil block beneficiaries, awarders, fronts, brokers and all involved in short changing the Nigerian people to find means or returning all these back to the Nigerian people, through massive development projects. They should curtail their constant visits to Mecca, Medina and Jerusalem for prayers and attend to the poverty they spread in the land. They should build affordable secondary schools, universities, specialist hospitals, roads, silos, etc for the Nigerian people. They should fund talent development programmes and sponsor activities capable of alleviating poverty. The voice of impoverished Nigerians is crying daily and if care is not taken the God who delivered Nigeria from Abacha dark days will visit them with calamities untold.

With the rot in this oil block awarding system and other loot all over the Nigerian nation, something worse than revolution may happen. (This article was first published in April 2012)

**********
Obinna Akukwe is the Director General, Igbo Mandate Congress (IMC)
profetobinna2@yahoo.com....@ObinnaAkukwe....facebook.com/pages/Obinna Akukwe



http://www.informationng.com/2015/02/opinion-30-facts-about-owners-of-nigerias-richest-oil-blocks-in-the-midst-of-national-poverty-by-obinna-akukwe.html
Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by joe120120(m): 3:54pm On Feb 16, 2015
modestbrowser:
Very long.

Its just long and boring.

So boring its not interesting.



phone chtting ewu oyibo.u cant read
Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by Nobody: 3:54pm On Feb 16, 2015
bushdoc9919:


We are running a capitalist society. Unless you want to set up a Communist or Socialist Party....and run for election on that platform....then you just have to live with the current status quo.

But you Nigerians do not like ideology based politics. Na politics of chop., quench and cloth.

(I am not a Marxist-Lenninist BTW....or a Socialist. Left of center).

Will you marry me?! tongue We share a common ideology.

1 Like

Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by francizy(m): 3:57pm On Feb 16, 2015
Ilekeh:
I see Ibo names. So I guess the thieving of oil is not a Yoruba/Northern thing?

Mtchewwww. Hypocrites will later say Yorubas-Hausa wants to suck this land dry, while Ifeanyi Uba is sucking it like Nigeria's a nip..ple and he's a new born baby

So these are Igbo names too:
Adewunmi Sijuade, Goke Sijuade, Adedeji Sijuade, Olayinka Sijude, Adeyemi Osiyemi and Femisola Awosika, with A.O Adeyinka as Chairman, Abubakar Jubril and Ashiru B. Aliu, with Saleh Jambo as Chairman, R.D. Adelu, Yusuf N'jie and O.A. Aremu with Ibrahim Bunu as Chairman, Olaniyi Olumide, Hayford Alile, Samuel Bolarinde, Richard Adelu, John Brunner and Emmanuel Ojei, Ahmade Rufai, Tajudeen Dantata, Dalhatu Gwarzo, Lawan Omar with Aminu Alhassan Dantata as Chairman, and about hundred more that I couldn't copy and paste here..?

Why are we quick to tribalise everything? Do you have to always take a swipe at the Igbos? Why don't you live and let live. The truth in all these is that there are as much of Yoruba names and Hausa names listed there but you were blinded all thru those names and your eyes and brains could only see and comprehend the Igbo names.

Let us continue in our worthless tribalistic nature and still hope for Nigeria to get better. It will only get worse

I pray God wipes all Nigerians out both home and abroad so that a new Nigeria will be born because our stupidity knows no bound.

Shame on this country and whatever is remaining of it...

5 Likes 2 Shares

Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by buJu234: 4:00pm On Feb 16, 2015
for the first time this month I have seen a post that will make the so called Nigerians/Masses to think.

all past leaders to the present GEJ to Tinubu etc are not fighting 4 u the masses; they are fighting for their share of the Oil blocks....


but they will put the masses on the front line jst to get power & position that can enable them to get the Oil blocks; there by looting the oil money...

in all the names called did u hear the name of any tout or average Nigerians there

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Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by Coldfeet(f): 4:01pm On Feb 16, 2015
boko haram? what a suggestion.
how can a reverend recognise a terro group?
Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by dekins: 4:02pm On Feb 16, 2015
Nigeria is a blessed nation in terms of agriculture, crude oil, petrochemicals, minerals, gemstones, etc. It is unfortunate that immediately crude oil was discovered in Nigeria all other sectors were abandoned. Crude Oil is not a curse but a blessing to our country. All we need is unity and diversification of our economy from being over dependent on crude oil. There should have been national projects like Nigeria Beyond Oil initiatives which Delta State is already doing through the Delta Beyond Oil initiative. All Nigerian states irrespective of tribes and religions should have embarked on projects like this before this global crude oil price falls. Despite the fall in oil prices which by analysis won't last forever, it is never too late to pay attention to the other resources through good policies and implementations. We are better together as Nigerians. We have no other country to call our own. In the spirit of patriotism and national interest let's say no to religious and ethnic differences and work towards a better and brighter Nigeria...I am proud to be a Nigerian.
[url][/url]www.classify24.com: A Marketplace and Business Directory for Agriculture, Crude Oil, Petrochemicals, Minerals and Gemstones
Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by djbussy(m): 4:02pm On Feb 16, 2015
Not my money, My God give me mine.
Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by Eluwilussit(m): 4:04pm On Feb 16, 2015
BeeBeeOoh:
Is that so


Me too. No be only you o.
Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by dvee2: 4:05pm On Feb 16, 2015
These are the kind of issues our youth should discuss,how to take back our country from these corrupt and senseless leaders. as you can see they come from every part of nigeria,and every region. They are what SLS called vested interest. until we unite against them,we will continue to kill each other. one thing worthy of note is that even though buhari has been a former minister for oil,there was not a single mention of his name either as an allocator or an allottee of the oil well sharing.

1 Like 2 Shares

Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by ruggedtimi(m): 4:05pm On Feb 16, 2015
Jst imagine if dis blocks are owned by the government and dey use the money obtain frm dis oil blcks to develop the country. UAE, QATAR, BAHRAI etc for learn wrk where nigeria dey..

1 Like

Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by blackbeau1(f): 4:06pm On Feb 16, 2015
Right now,I'm speechless. To all Nigerians esp the GEJ and GMB supporters,note,this is why they are slinging mud at each other. Its not because they care about the country. Its all about the oil blocks and money. Stop fighting yourselves and turn against the real enemy - the political class

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Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by rusher14: 4:09pm On Feb 16, 2015
Did people expect oil blocks would be owned by ghosts?

Abeg go look for work do.

The blocks are are shared amongst every tribe

Adenuga

Lulu Briggs

Danjuma

Emeka Offor

Are they aliens or do we begrudge them for being privileged?

The circumstance under which they acquired them may be considered but they have as much rights as any to own them if due process was followed.
Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by 12ema: 4:09pm On Feb 16, 2015
modestbrowser:
Very long.

Its just long and boring.

So boring its not interesting.


And that bros, is the reason why Nigerians are living in bondage. The looters are betting that since it's "long and boring" and the picture of half naked nollywood stars and Psquare are not in it, Nigerians won't be interested. Even though there are pertinent information in it.

5 Likes

Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by continentalceo(m): 4:11pm On Feb 16, 2015
Well written, but I still believe in GEJ and I know that just like OBJ, he will do much much better in his second tenure
Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by Nobody: 4:14pm On Feb 16, 2015
Get rich and stop all these rants.

1 Like

Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by aariwa(m): 4:14pm On Feb 16, 2015
Orikinla:
30 Facts about Owners of Nigeria’s Richest Oil Blocks in the Midst of National Poverty

~ By Rev. Obinna Akukwe

The richest oil blocks in Nigeria is owned by few dozens of persons while half of 160 million Nigerians live below S1 dollar daily. This injustice and wickedness must be corrected by whosoever wins the elections - whether Buhari, Jonathan, Interim Government, Boko Haram or civilian revolution. When I wrote the report titled ‘How Babangida, Abacha, Abdulsalami, Obasanjo Shared Nigeria’s Oil Blocks’ in April 2012, which was later rephrased as ‘20 Owners of Richest Oil Blocks in Nigeria ’ I had thought that the uproar and public condemnation that followed the report both nationally and internationally will precipitate an administrative investigation into the manner of the awards to sift the transparent deals which passed due diligence from those awarded after some bedroom performances. It is unfortunate that President Jonathan failed to revoke these illegal licenses to few criminals during his first tenure. Instead some more blocks and contracts were given another set of criminals under his watch. Had he taken such actions, the fear of defeat in the pols would have been non-existent because Nigerians from all tribes and faith enslaved by this bondage would have risen in his defense. It is not yet late for Jonathan, Buhari, Interim Government or even Boko Haram which soever succeeds in May 29th to revisit the disturbing sharing of Nigeria’s Oil Blocks to a few persons without recourse to transparency and put it back into the hands of the people.Those who proved they obtained theirs transparently should not be victimized under any circumstances.


Below again are the 30 Facts about the Fraudulent Sharing of Nigeria’s Oil Blocks and those involved

(1)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.

(2)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.

(3) 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 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.

Some of these oil field has the capacity of between 300,000 -500,000 barrels of oil daily.

(4) OML 110 OBE given by Sanni Abacha in 1996 to Alhaji Mai Daribe under Cavendish Petroleum had 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. This means that $20billion dollars’ worth of oil in the hands of a family or $170 million dollars’ worth of oil daily.

(5) 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.

(6) OML 112 and OML 117 were awarded to AMNI International Petroleum Development Company owned by Colonel Sanni Bello in 1999. Sanni Bello is an in-law to Abdulsalami Abubakar, former Head of State of Nigeria.
(7) 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.

(cool OML 215 is operated by Nor East Petroleum Limited owned by Alhaji Saleh Mohammed Gambo.

(9) OML 108 is operated by Express Petroleum Company Limited is owned by Alhaji Aminu Dantata. Obasanjo , with the help of Andy Uba, awarded OPL 2008 to Tenoil Petroleum & Oil Services owned by Tony Elumelu and Jim Ovia
(10) OPL 2009 and 2010 were awarded to Global Energy Group owned by Chief Suleiman Onabiyi and Joseph Obiago . That is why a lot of major players in the oil industry owes Obasanjo and Andy Uba a lot.

(11) OML II3 allocated to Yinka Folawiyo Pet Ltd is owned by Alhaji W.I. folawiyo. Asuopku/Umuntu ( Egbema marginal oil fields) was awarded to Platform Petroleum in 2003 by Obasanjo.
(12) In 2010 Platform Petroleum (owned by Edmund Daukoru,a Bayelsa prince and Lulu Briggs among others) and Seplat ( owned by Prince Nasiru Ado Bayero, cousin to the Central Bank Governor Lamido Sanusi) teamed up in landmark partnership to manage the venture.

(13) Intel owned by Atiku, Yar’adua 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.

(14) OML 112 is estimated to have 130 million barrels of oil valued with the current price of $100 dollars per barrel at S13 billion dollars with 25 year lease.

(15) 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.

(16) 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

(17) 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 $20billion dollars.

(18) 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.

(19) 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.

(20) 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.

(21) 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.

(22) 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.

(23) 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.

(24) During the time of Late President Yar’adua , 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.

(25) 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 sold to Heritage Oil for $800 million dollars eleven months later.

(26) This oil block business is so lucrative that Danjuma’s Sapetro divested of its investment in Akpo condensate for $1billion dollars.

(27) 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.

(28) In the name of competitive bidding, which Obasanjo introduced in 2005, officials bring companies overnight and through processes best described as secretive and voodooist, awards 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.

(29) 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 coordinated the award of the last rounds of oil blocks 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.

(30) 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, Diezani Madueke and many players in the Industry accuse her of demanding stakes from every oil deal. Diezani Madueke had also soiled herself in different oil deals and also awarded oil contracts to fictitious companies.


It is hoped that President Goodluck Jonathan will remember his transformational promise to Nigerians and endeavor 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.

The religious leaders should tell these oil block beneficiaries, awarders, fronts, brokers and all involved in short changing the Nigerian people to find means or returning all these back to the Nigerian people, through massive development projects. They should curtail their constant visits to Mecca, Medina and Jerusalem for prayers and attend to the poverty they spread in the land. They should build affordable secondary schools, universities, specialist hospitals, roads, silos, etc for the Nigerian people. They should fund talent development programmes and sponsor activities capable of alleviating poverty. The voice of impoverished Nigerians is crying daily and if care is not taken the God who delivered Nigeria from Abacha dark days will visit them with calamities untold.

With the rot in this oil block awarding system and other loot all over the Nigerian nation, something worse than revolution may happen. (This article was first published in April 2012)

**********
Obinna Akukwe is the Director General, Igbo Mandate Congress (IMC)
profetobinna2@yahoo.com....@ObinnaAkukwe....facebook.com/pages/Obinna Akukwe



http://www.informationng.com/2015/02/opinion-30-facts-about-owners-of-nigerias-richest-oil-blocks-in-the-midst-of-national-poverty-by-obinna-akukwe.html
Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by Eluwilussit(m): 4:16pm On Feb 16, 2015
Ilekeh:
I see Ibo names. So I guess the thieving of oil is not a Yoruba/Northern thing?

Mtchewwww. Hypocrites will later say Yorubas-Hausa wants to suck this land dry, while Ifeanyi Uba is sucking it like Nigeria's a nip..ple and he's a new born baby

I was surprised as well. I have said it before, this is a clique issue. It may favour some people more but that's natural. When they share our wealth, they no dey remember region or religion.

But seriously, this is madness. We need our wealth back. Is there any need for individuals to own the blocks? Someone who knows, please enlighten us.
Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by IGBOSON1: 4:21pm On Feb 16, 2015
100Cents:


Must an oil block be given to one person ?

Let Nigeria create an agency to manage these oil blocks on behalf of the FEDERAL GOVERNMENT.

What is the criteria for giving an oil block worth billions of dollars to a hair dresser or a tailor and she becomes world's black richest woman ? Una no dey fear God ?

Nigerians are just too greeedy for self..
Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by Dejohnbull: 4:24pm On Feb 16, 2015
I pray the oil will dry up or turn to water so nigeria will be free
Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by mmsen: 4:26pm On Feb 16, 2015
Why would religious leaders speak out against the constant trips to so-called religious holy places?

Those same religious leaders benefit from the fraud.

There is no better tool for safe-guarding a system of inequality than religion. You convince the majority to accept poverty in this life (by claiming that it is a fictional being's will) whilst a minority benefit at their expense.

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Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by knightsTempler: 4:27pm On Feb 16, 2015
The back of my perfect anti Capitalism shirt says it all... Never in human history have so few (1%) taken so much ($$) from so many (99%)!
Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by babajay69: 4:28pm On Feb 16, 2015
That's how the rich get richer and the rest of us wallow in poverty
Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by Ilekeh(f): 4:31pm On Feb 16, 2015
francizy:


So these are Igbo names too:
Adewunmi Sijuade, Goke Sijuade, Adedeji Sijuade, Olayinka Sijude, Adeyemi Osiyemi and Femisola Awosika, with A.O Adeyinka as Chairman, Abubakar Jubril and Ashiru B. Aliu, with Saleh Jambo as Chairman, R.D. Adelu, Yusuf N'jie and O.A. Aremu with Ibrahim Bunu as Chairman, Olaniyi Olumide, Hayford Alile, Samuel Bolarinde, Richard Adelu, John Brunner and Emmanuel Ojei, Ahmade Rufai, Tajudeen Dantata, Dalhatu Gwarzo, Lawan Omar with Aminu Alhassan Dantata as Chairman, and about hundred more that I couldn't copy and paste here..?

Why are we quick to tribalise everything? Do you have to always take a swipe at the Igbos? Why don't you live and let live. The truth in all these is that there are as much of Yoruba names and Hausa names listed there but you were blinded all thru those names and your eyes and brains could only see and comprehend the Igbo names.

Let us continue in our worthless tribalistic nature and still hope for Nigeria to get better. It will only get worse

I pray God wipes all Nigerians out both home and abroad so that a new Nigeria will be born because our stupidity knows no bound.

Shame on this country and whatever is remaining of it...

So the problem is that there are more Yorubas and Hausas than Ibos sharing Nigerian oil?

Lol if that's the problem you have with it, then case closed. You're not ready for a new Nigeria.

All I'm saying it, Ibos also steal from "our oyel".

1 Like

Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by Sajio(m): 4:31pm On Feb 16, 2015
Nigerians should wake up ooo. I think the Cabals are teaming up to fight Gej since they are not sure of oil block after the year. Gej do the needful cos God will see you thru in ur return as the next president of this great nation.
Re: 30 Facts About Owners Of Nigeria’s Richest Oil Blocks In The Midst Of Poverty by Izontubo(m): 4:32pm On Feb 16, 2015
It pains me to see how non niger deltans have shared all the oil blocks,having all the oil jobs and leaving the niger deltans to suffer...more to that these non niger deltans still want to chase away a niger deltan who is the president,to take back power and possess more of the oil wealth as if the blocks they have are not enough...I beckon on all niger deltans who have foolishly chosen to take sides with the west and the north to have a rethink..this country nigeria is not a fair country...there is no unity...niger deltans take your stand for what is yours and tell these non niger deltan elites enough is enough..if goodluck looses this election I think the steps outlined by the niher delta militants is a welcome development...shut down all oil operations and let nigeria have a feel of what the niger deltans have been suffering since the inception of this yeye nation called nigeria..let all the tinubus,the danjumas,the northerners and yorubas who own the oil blocks suffer amd learn to respect the niger deltans ..rubbish!!..

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