babaolofin:


So this is how unexposed and unenlightened you are. It is very useless and time wasting engaging you on matters that require cerebral power. Your individuals or kinsmen know how to allocate juicy oil wells in Niger Delta to themselves. Immediately they assume power the first thing in their mind is to auction Oil Prospecting License or Oil Mining License and who occupies National Security Adviser's office because of Security budget.

What stops them from auctioning the oil block in Chad basin? They have to coerce major oil company on JV partnership with NNPC to carry out exploration using the resources from Niger Delta. This generation or the future generation will suffer for this exploitation. The South East and the South South are fed up with you, the enlightened mind in yoruba land have seen your folly, for how long will your religious slaves in yorubaland remain in slavery?

You continue to show naivety basing all your arguments on the wild assumption that those individuals (northerners) have a freehand and choice of all the available oil blocs in the country; while in fact that is quite the contrary: as no oil bloc licence is issued to a single individual but a group of individuals (usually a mix from different geopolitical zones) because of the huge investment resources needed for such venture.

Secondly, majority of the much touted allocations are not even yielding, only a few of them are producing and therefore giving earnings to their owners (some of the lucky include Danjuma, maybe Indimi's, Alakija etc).

Furthermore, it is faulty logic to assume that the same non-transparent pattern of allocation would be repeated for the potential blocs in the north; especially as the current anti-corruption government is even revoking/not renewing some of the above issued licences.