THE DIRTY SECRETS RELEASED: Senate releases names of those who stole Nigeria’s fortunes,

Oando Oil, CONOIL, African Petroleum and MRS Oil are among the powerful players in the petroleum sector that have shared over N3.655 trillion between 2006 and September 2011 in pursuit of importation of refined petroleum products.

This was revealed today in Abuja by the Nigerian Senate j, oint Committee on Petroleum (Downstream), Appropriation and Finance.Senator Magnus Ibe, the chairman of the committee, also disclosed that some 100 companies in the downstream sector and in construction, shared over N1.426 trillion between January and August 2011 alone.

Oando Oil is owned by Wale Tinubu, Mike Adenuga owns CONOIL, Femi Otedola owns AP, while MRS Oil is run by Aliko Dangote's brother, Sayyu Dantata. Other key players named today include Pinaccle Construction Ltd, as well as Integrated Oil and Gas, which is owned by a former Minister of the Interior, Capt. Emmanuel Iheanacho.

The full list as read out by Senator Abe, is as follows:

1. Oando Nigerian Plc. – N228.506 billion 2. MRS –N224.818 billion

3. Pinnacle Construction-N300 billion 4. Enak Oil & Gas –N19.684 billion

5. CONOIl – N37.960 billion 6. Bovas & Co. Nig. Ltd. – N5.685 billion,

7. Obat N85 billion and AP; N104.5billion.8. Folawiyo Oil - N113.3 billion

9. IPMAN Investment Limited- N10.9billion.10. ACON - N24.1billion

11. Atio Oil-N64.4billion .12. AMP- N11.4billion

13. Honeywell-N12.2billion .14. Emac Oil- N19.2billion

15. D.Jones Oil-N14.8billion; .16. Capital Oil - N22.4 billion

17. AZ Oil- N18.613billion .18. Eterna oil- N5.57 billion

19. Dozil oil- N3.375 billion. 20. Fort oil-N8.582 billion.

21. Integrated Oil and Gas- N30.777 billion!

Source: CoolFM969

Stolen with oil subsidy!

WAZOBIA LOOTERS!

Yoruba peeps have the lion's share of course. . . GOD BLESS OBJ!!!

SOUTH SOUTH DON LOSE!!!!

These are legit businesses, let the govt prosecute them if they are found wanting!

Locked

how on earth can a right thinking president tell his citizens this kind of thing? why is the FG wasting so much to pay efcc and icpc. what is the need for police and our law courts.
if jonathan feels these guys are untouchable and boko haram in beyond his powers, let him shamefully get out of that position.
how can you say ppl with legally registered companies that imports and sale fuel are the cabals?
the real cabals are the pdp and their relatives.
we all heard the stories of alamesiya and we know how relevant he is today in jonathan's govt. it is a shame that known criminals walk tall and are the best friends of the govt.

This is the reason for the protest.
Check the base of those companies list; North and SW.

Carry go GEJ, no more oil thieves!

Obiagu1:

This is the reason for the protest.
Check the base of those companies list; North and SW.

Carry go GEJ, no more oil thieves!

exactly that was the whole Point at the first place

because of SW and North, you have lost every pea of sense

OP

STOP THIS RUBBISH A POST THE FULL NAMES

1. Peter Mbah - Pinnacle Oil and Gas

2. Ifeanyi Ubah - Capital oil

3. Chima Anyaso - Ceecon Oil Boss

Other key players named today include Pinaccle Construction Ltd, as well as Integrated Oil and Gas, which is owned by a former Minister of the Interior, [size=20pt]Capt. Emmanuel Iheanacho.[/size]

Okoro Ndi-Igbo nor go see disi wan o!
Igbo-Kwenu!!! Yaaaaah!!!

Cha cha cha. . . .Kwenu!!!

alj harem:

exactly that was the whole Point at the first place

because of SW and North, you have lost every pea of sense

Nope, it's not the reason why we did not protest rather it is the reason you guys are protesting.

alj harem:

OP

STOP THIS RUBBISH A POST THE FULL NAMES

1. Peter Mbah - Pinnacle Oil and Gas

2. Ifeanyi Ubah - Capital oil

3. Chima Anyaso - Ceecon Oil Boss

Good, but we do not support oil thieves.

Obiagu1:

Nope, it's not the reason why we did not protest rather it is the reason you guys are protesting.

Dumb isn't it ?

why should a people protest if it is not affecting them

I am sorry but you seem dumb and you think like a fish with ur tribal brain

I have told you people to educate yourselves why people are protesting

It seems after all the talk, shouting, teaching, lecture, protest, educating, directing, etc people are doing, some people still don't know why people are angry

1. Yes the system/ government is corrupt. In fact the country is teeming in corruption

2. Yes subsidy has to go and everyone supports the FG for that

3. Before the removal of subsidy, build our refinery so we would not have this same issue in the future. If we have our refineries working, we would not be paying subsidy to anyone and we can control the prices of our crude oil as a Nation.

4. Before removal of subsidy , CUT THE COST OF GOVERANCE not just by 25% because the bulk of the money made in government is not through salaries but be over PRICED projects. An average senator in Nigeria collects more than Obama the american president.

5. Now remove subsidy.

Other things people are protesting for because it was a build up of anger since 1970 and this was the opportunity for a revolution are

1. protest against corruption and the arrest of these people

2. protest against boko haram and killing of Christians/igbos

3. protest against the NEGLIGENT of the Niger-delta

4. Building of the Niger Bridge. Must the bridge collapse before we maintain and build the next ? Since we can save lives, why not do it now.

Now what is the point of thinking ahead when there is still corruption and non-accountability in the government ?

What is the point of thinking ahead when the next administration would tell us about removal of subsidy again ?

IS THINKING AHEAD NOT BUILDING OF REFINERIES ?

Is thinking ahead not protesting against corruption ?


In Nigeria today, we have No light, No security, No shelter, No good roads, No good water, No refinery even though we are oil producing, Total neglect of infrastructure, Total neglect of the Niger-delta, Total neglect of the Niger bridge, Total neglect of people dying in the North, Lack of accountability, Lack of credibility, Lack of industrial growth apart from Oil which the entire country is dependant on, Lack of economic growth apart from the telecommunication sector by OBJ.

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I would also what to use this medium to address people thinking it is an ethnic thing.

I have heard various people saying the protest is against "GEJ" "minority" and other sentimental words to describe the protest.

I would like to educate the people about the politics behind what is happening according to my understanding and I would really appreciate if I can also learn more from other posters home and abroad.

In 2010, Sanusi made speech to the House of reps (HOR) that they were thieves and they are the ones sucking Nigeria dry due to the huge sum of money paid to them monthly. The HOR shut him down and called him all sort of names.

In 2011, Sanusi during the channels debate said 1.6 trillion naira is paid to this people out of 1.8 trillion naira thus 200 billion Naira is left for development of the country.

This people are the senator, governors, HOR, HOA, chairmen and the business men that were labelled as oil benefit thieves.

Now people Imagine 200 billion left for 150 million people in 36 states out of total of 1.8 trillion Naira. Yes I am sure people would agree with me that subsidy has to go !!!!

All am doing here is to make people political aware of the situation right now and lets not forget the Iweala and the IMF factor.

Now people are NOT and I repeat NOT angry at the removal of the subsidy I mean at such rate the paying of subsidy is not sustainable. It has to go at one point or the other, either through GEJ or the next administration. Yes I respect GEJ and Sanusi for thinking ahead of time. That is very commendable but the Issues that cause the subsidy corruption are not yet addressed.

In the future the issue would come up again so what is the point ?.

^^^ my bros abegi choke knuckle jore! ur head correct die. no mind some people wey wan die with tribal sentiments,everything for them most start and end with tribal talk rather than the real FACTS.

EFCC and ICPC still exists

Last I heard of them was during OBJ's era. No lie

Tired of a Government that revels in talking tautology tbh. From supposedly claiming to know BH's sponsors to name calling random unverified cartels/cabals.

No wonder in International Media circles, it is labelled a 'weak government'

http://www.pppra-nigeria.org/pms.htm

the real cabal here is the government. all those guys are legitimate business men. tribalising it is missing the point also. If you deduct N65 from N141, you'll get the amount (or subsidy) govt was paying to them as the difference in expenses for bringing in the products. that is why the government cannot prosecute the companies, because they have done nothing wrong, but are being used as shields. right now, Jona is saying he doesn't want to bear the cost of his inefficiencies anymore, but wants nigerians to bear that burden as well

ℓ̊ want. To know Τ̲̅ђε̲̣̣̣̥ owner of Pinnacle construction. Τ̲̅ђε̲̣̣̣̥ construction company that has been paid Τ̲̅ђε̲̣̣̣̥ highest subsidy.