The north owns more indigenous oil firms than any other group in Nigeria because of military rule and corruption, so why are they the poorest in Nigeria and why are they demanding more Derivation from oil??

This article says it all,


LINK: http://tribune.com.ng/index.php/front-page-news/35947-nigerias-poverty-level-rises-hits-715-sokoto-niger-top-list-of-poorest-states.


The North is poor, this much no one disputes, the poverty has bred millions of destitutes, who have become instant and easy recruits for Boko-Haram. But the question is: Who impoverished the North? I want to posit that the Core North through their aristocrats and ex-military rulers rake an enormous income from oil money (from the Niger Delta) individually, much more than any Individual/group of individuals from the South, and collectively more than 10 times the entire Niger Delta business men in the oil and gas industry put together.

In this disquisition, I have attempted to show that an estimated 75% of crude oil and gas produced by indigenous companies is controlled by the North. It is an area they have well conquered through General IBB, Abacha and Abdulsalami. However, the loots never get back home.

In this first part I will attempt to describe the very uneven nature of the distribution of the nation’s wealth among the Northern aristocratic families and their military generals who for decades looted Nigeria. They did so blatantly, and while Nigeria was weeping about oil windfall loot and others, Nigerians would wail if they know how much of the nation’s resources these folks allocated to themselves and their business fronts before they stepped aside.

Let us therefore begin.

To the state of origin of Boko Haram: Borno State.

Enter Cavendish Petroleum, the operators of OML 110 – with good yielding OBE field. This oil block was awarded to Alhaji Mai Deribe - the Borno patriarch, who even in death will remain the richest man dead or alive in the history of Borno state- by General Sani Abacha on the 8th of July, 1996.

OML 110 has a proven oil reserve in excess of 500 million barrels (More than the entire 300milliom barrels reserve of Sudan). As yet with the capacity to produce about 120,000 barrels of crude oil daily from its OBE 4 and OBE 5 wells.

At current production levels, the Mai Deribes net circa N4billion monthly in crude oil sales (Using oil price estimates of $100 p/b).

Mai Deribe’s mansion, in allegedly poor Maiduguri is one of the most lavish mansions anywhere on earth; it used to be a tourist attraction, b4 Boko Haram’s tourism deterrent activities -

I will then shift to the centre of the Fulani aristocratic hegemony in the North – Kano. Here. Enter the Fulani Prince Nasiru Ado Bayero, Mallam (Prince) Sanusi Lamido Sanusi’s cousin.

He is a Key shareholder and director in Seplat/Platform petroleum operators of the Asuokpu/Umutu Marginal Field with a capacity of 300,000 barrels monthly and A 30mmfcsd gas plant capable of feeding 100MT of LPG. The Ado Bayeros, Yar’Aduas and Atiku Abubakar are Nigerian holders of Intels. It runs a private port that has grounded three Federal ports in the South. Intels is discussed later.

Enter South Atlantic Petroleum Limited (SAPETRO). South Atlantic Petroleum (SAPETRO) is a Nigerian Oil Exploration and Production Company that was created in 1995 by General T. Y. Danjuma (also Chairma of ENI Nigeria). General Sani Abacha awarded the Oil Prospecting License (OPL) 246 to SAPETRO in February 1998.

The block covers a total area of 2,590km2 (1,000 sq. miles). SAPETRO partnered with Total Upstream Nigeria Ltd (TUPNI) and Brasoil Oil Services Company Nigeria Ltd (Petrobras) to start prospecting on OPL246. Akpo, a condensate field was discovered in April 2000 with the drilling of the first exploration well (Akpo 1) on the block. Other discoveries made on OPL 246 include the Egina Main, Egina South, Preowei and Kuro (Kuro was suspended as a dry gas/minor oil discovery).

In June 2006, General TY Danjuma divested part of its contractor rights and obligations to China National Offshore Oil Corporation (CNOOC) for $1 billion (N160bn). Akpo exports about 230,000 barrels of condensate daily. Condensate export is not regulated by OPEC, so SAPETRO/TOTAL exports as much as possible each day. Egina exports about 75,000 barrels of oil daily.

Therefore, Akpo and Egina fields export just over 300,000 barrels of oil/condensate daily (three times what the country Ghana exports). SAPETRO (TY Danjuma) get’s 25% of this. Now, note I have not talked about the gas component – it’s about 2.5 trillion cubic feet. The money SAPETRO nets each month is more than the monthly statutory allocation to any Nigerian state and also more than the oil revenue of Ghana. Do your math.

Enter AMNI (or is it AMIN?) International Petroleum Development Company. AMNI owns two oil blocks – OML 112 and OML 117. In the production-sharing contract, AMNI gets 60% for owning the oil block and Total gets 40% for providing technical advice. OML 112 was awarded on the 12/02/1998 while OML 117 was awarded 04/08/1999 all by Gen. Abdulsalami Abubakar. Operations started on both blocks 0n 26/02/2006. The licenses are due to expire 11/02/2018 and 05/08/2019 respectively. (Now you see why the next election is important?).

The Okoro and Setu fields in OML 112 are operated by Afren Energy, a company substantially controlled by Rilwanu Lukman. The Okoro and Setu oil fields have about 50 million barrels in reserve and currently produce/exports just a little below 20,000 barrels per day. The chairman of AMNI International Petroleum and Development Company is Alhaji (Colonel) Sani Bello a Fulani from Kontagora, Niger State. Lest I forget, Alhaji Bello’s son- Abu, is married to General Abdusalami Abubakar's eldest daughter.

Enter Oriental Energy Resources Limited, a company owned by Alhaji Mohammed Indimi, a close friend of General Ibrahim Babangida. Also worthy of note is that General IBB’s first son is married to Alhaji Mohammed Indimi’s daughter – Yakolo Indimi-Babangida, who also serves as a director in the company. Alhaji Indimi hails from Niger State.

Oriental Energy Resources Limited runs three oil blocks: OML 115, the Okwok field and the Ebok field. OML 115 and Okwo are OML PSC, while Ebok is an OML JV. All of them crown offshore oil blocks.

OML 115 on its own is 228 sq Km. On OML115 Oriental Energy Resources Limited has 60 per cent while Equity Energy Resources AS, which Alhjai Aliko Dangote’s oil and gas investment vehicle has 40 per cent (Aliko Dangote is from Kano). On Okwok, Addax has 40% and on the Ebok field, Oriental Energy Resources shares with none: its 100%. AMNI produces twice as much as Cavendish Petroleum.

Enter Express Petroleum and Gas Limited floated by Alhaji Aminu Dantata, solely for the purpose of fronting for winning oil block(s) even though he and the company are in no way qualified for the award. General Abacha awarded him OML 108 on the 1st of November, 1995. CAMAC Houston, a company owned by Kase Lawal bought 2.5% of Express Petroleum’s 60% holdings. The other 40% on OML 108 is owned by Sheba E&P Limited an IBB tributary company. SEPCOL operates the Ukpokiti offshore field in Shallow water Nigeria, which was acquired from ConocoPhillips in May 2004.

Enter Shebah Exploration And Production Limited (SEPCOL) . It is the operator of the Oil Mining License 108 offshore Nigeria. Head office is in Lagos, but ‘head quartered’ in Minna.

Enter Consolidated Oil. Conoil Producing Limited is an integrated upstream oil and gas company. They are the operator of six blocks in the Niger Delta as well as 25% Equity holder in the Joint Development Zone (JDZ) Block 4. Corporate Head office is in Lagos, but its ‘Headquarters’ is in Minna, Niger State.

Conoil signed a technical operator agreement with Continental Oil and Gas Limited (CONOG) to provide 100% funding and technical service agreement to operate blocks OML 59 on a 40% (Conoil) / 60% (CONOG) basis. Conoil entered into a Production Sharing Contract with the NNPC by virtue of an agreement executed on 17th October 2008.

Conoil’s has overall potential hydrocarbon resources of over 1.0 Billion Barrels of Oil and 7.0 Trillion Cubic Feet of Gas. General Ibrahim Babangida (IBB owns a substantial interest in conoil held in blind trust [same arrangement in Glo] ) awarded the first oil block to Conoil in 1991. The company produces about 100,000 barrels per day.

Enter Rilwanu Lukman, another Fulani multimillionaire with fronted controlling holdings in Afren, the operators of AMNI oil blocks and also with very key interest in the NNPC/Vitol trading deal, Vitol is a London based oil trading company. Vitol lifts 350,000 barrels of crude oil daily from Nigeria.

Enter Intels and the Yar’Adua , Ado Bayero family and Alhaji Abubakar Atiku. The Oil and Gas Free Zone and Oil Services Centres, as well as Support Bases, are operated from government-owned facilities, leased to Intels under long-term agreements. Intels runs a ‘private port’, a venture that has systematically killed the Calabar, Warri and Port Harcourt ports. There are over one hundred major companies operating at the Intel facility in Port Harcourt. The company makes more money in profit than the government of Rivers, Bayelsa and Delta states put together. I shall give details and figures in the part two of this disquisition.

Finally, for the Part I of this disquisition, I introduce you to NorthEast Petroleum. The name is as clear as the message it sends. I do not need to write so much about NorthEast Petroleum registered as NorEast. NorthEast Petroleum Nigeria Limited is the holder of OPL215 license, covering an area 0f 2,564 square kilometres in water depths between 200 to 1600 metres. NorEast is the parent company of Rayflosh Petroleum was awarded the blocks OPLs 276 & 283 closing thereupon a Joint Venture Agreement with Centrica Resources Nigeria Limited and CCC Oil and Gas.

Not surprising, NorthEast Petroleum is owned by another Fulani businessman from the North East, Alhaji Saleh Mohammed Jambo. The license was awarded to him by General Ibrahim Badamosi Babangida in 1991 and then renewed in 2004. So far $50Million has been spent on the very promising Okpoi-1 and Egere -1 exploratory well.

In the Part II, we shall finish the discussion. We will table other North Eastern billionaires who make more money than their states of origin from Niger Delta oil blocks.

Sadly, National Bureau of Statistics reports from 2010 show Niger State as the poorest state in the Federation, and the North East the poorest region. With these figures from the National Bureau of Statistics, I rest my case. BY Samuel Diminas

LINK: http://tribune.com.ng/index.php/front-page-news/35947-nigerias-poverty-level-rises-hits-715-sokoto-niger-top-list-of-poorest-states.

True facts but with lots of exaggeration

One Nigeria.

13volts:

True facts but with lots of exaggeration

those so called governors, ACF leaders, Sultan, emir Shehu etc have all looted us. It is time we open our eyes not for us but for our children.

The former governor of Borno worsen the situation and increased poverty.

In fact the country should split so we can each region can handle their leaders they way they want to.

@Op
Please keep it coming.

Obiagu1:

One Nigeria.  

Nope 5 Nigeria

1. the east including south-south minus edo and part of delta

2. west, edo, kwara, part of delta and part of kogi

3. The middle belt minus part of Niger

4. The north including even parts of Niger state.

5. Izon republic, part of delta, balysa and part of rivers

chekena

I urge all Northerners our future as a group of people to call for the separation of this Nation and demand accountability from these people.

Kano collected 100 million Naira from CBN 3 weeks ago or so. That money has not benefited an average man on the street.

I HATE the idea of parasitism and following Bello's policies, we should have never been in the situation.

It is time to wake up.

Why do you think the leaders keep building Aljmajiri schools and send THEIR own children Abroad to get the best education while the ones at home are begging and doing Boko haram.

If we don't hold our future now, NO ONE WOULD DO IT FOR US even if we find Gold deposite in large quanities.

If i had my way, those oil blocks (given in what is at best, unfair circumstances) would be snatched back from those greedy, grasping, conniving parasites. It boils my blood that the useless set-up we have in this country has led to a situation where for close to 40 years, the greedy elite mainly from the core north (together with their junior partners-in-crime from other sections of the country) have creamed off the gains and profits from oil exploration/exploitation to the detriment of the owners of the land where the oil is located, and also to the detriment of the wider Nigerian populace.

It's been said Nigeria (from the beginning of Oil exploitation in the early 60's) has made close to 800 billion dollars from oil. I'd guess that's a conservative amount, and the true figure could be closer to a trillion dollars. Do you see the evidence of that anywhere? I'd go out on a limb and say that about 200 billion dollars of this amount has found its way into the pockets of these greedy bastards, either through direct participation in the oil industry; through access to the corridors of power over the decades; or through direct control (mostly through military Govt's) of said power. But you go to the north and (besides palatial palaces and mansions) you don't see evidence of all this wealth reflected in the lifes of the ordinary northerner in the street.

My only concern is with the poor masses in the north, who through no fault of theirs have been relegated to the lowest rungs of the national economic ladder. Their elite are wicked, greedy, visionless and see (obscene) aquisition of wealth as an end in itself and not a means to an end.

The Northern Governors clamouring for more revenue to execute vital/life-enhancing projects in their states should go knocking on the doors of these Oligarchs, and if told the man/woman in question has passed on, they should hold their lazy off-spring to cough out something.

..

The question you should be asking yourself is why do Northerners own 75% of the indigenous oil firms even though they do not have the education or a claim to the land where the oil is located.

EzeUche:

The question you should be asking yourself is why do Northerners own 75% of the indigenous oil firms even though they do not have the education or a claim to the land where the oil is located.

Have you never heard about war boothy?
Look closely, each and everyone of those northerners involved were actively involved in the deceptive acquistion of power vis a vis implementation and execution of the civil war.
So, 40 years later, they have not only accumulated so much power, they have also stolen from just about every Nigerian all in the name of marginalizing the eastern Nigerians. Unfortunately, the average Nigerian doesn't know how much they're being robbed.
Obviously, the northerners are most adversly affected, but even the average riverine southerner like the Ijaws who sided with them during the civil war have more to surfer than others.

This oil block part is the major reason I stopped criticizing Jonathan. He has done a lot of unseen efforts at redressing this oil block issue. Its not easy but a lot has been achieved in reducing this wickedness.

@@@@@

so alj boko harem

where are emir iman, northern governors sultan etc will be facing stoning in accordance to great shaira??

HMMMMMMM, with all these money, we don't have functional refineries, any one who say one Nigeria near me deserve instant death. Our senators know this and they still say no to SNC? There will be no election by 2015. We must discuss  Nigeria, Nigeria is a scam. Nonsense

alj harem:

I urge all Northerners our future as a group of people to call for the separation of this Nation and demand accountability from these people.

Kano collected 100 million Naira from CBN 3 weeks ago or so. That money has not benefited an average man on the street.

I HATE the idea of parasitism and following Bello's policies, we should have never been in the situation.

It is time to wake up.

Why do you think the leaders keep building Aljmajiri schools and send THEIR own children Abroad to get the best education while the ones at home are begging and doing Boko haram.

If we don't hold our future now, NO ONE WOULD DO IT FOR US even if we find Gold deposite in large quanities.

Snake in a green grass, we know this is not coming from ur heart and soul i can tell that you lot are still eyeing our oil even from your desert north,i wonder what came into you good that you are waking up;but u can see that-your leaders need to be stone alive

@OP. The link you posted is on the poverty rates of the GZones. Can you give us the link to the story on the ownership of the oil firms.

Abagworo:

This oil block part is the major reason I stopped criticizing Jonathan. He has done a lot of unseen efforts at redressing this oil block issue. Its not easy but a lot has been achieved in reducing this wickedness.

Speaking about a mafia that has hijacked Nigeria since after the war.

alj harem:

Nope 5 Nigeria

1. the east including south-south minus edo and part of delta

2. west, edo, kwara, part of delta and part of kogi

3. The middle belt minus part of Niger

4. The north including even parts of Niger state.

5. Izon republic, part of delta, balysa and part of rivers

chekena

Brose, e neva reach like that na.

I think this is it: http://thewillnigeria.com/opinion/12652-DEPRIVATION-DERIVATION-PRINCIPLES-WHY-THE-NORTH-POOR.html