₦airaland Forum

Nigerians currently own 52 per cent of the country’s 173 active oil blocs, while foreign oil companies own 48 per cent. He added that of the total of 388 oil blocks in the country, only 173 of them have been awarded to individuals and corporations, while 215 blocks were yet to be awarded. Broken further, of the 173 so far awarded, Nigerians owned 90 blocks while foreigners owned 83 blocks.

He, however, lamented that all the 90 blocks awarded to indigenous players account for only six per cent of the country’s total crude oil production, while the 83 awarded to foreign oil companies account for 94 per cent of the total output. Steering the hornets’ nest The Chairman, Senate Committee on Business and Rules, Senator Ita Enang, a forth night ago steered the hornets’ nest, when he alleged that 83 percent of Nigeria’s oil blocks were in the control of the northern region.

This led to a series of claims and counter claims by various groups in the different geographical regions in the country, including activists and non-governmental organisations, NGOs. Many even called for a review of oil block awards.

Even newspapers (not Vanguard) went agog with their own versions of the real oil block owners. However, DPR’s recent pronouncements on the issue that Nigerians own 80 oil bocks where foreigners had 83 have nullified every other previous pronouncements on the controversial oil blocks ownership, including the list of 77 oil blocks and their owners recently published by one of the dailies. Analysts are of the view that to end the controversy, the DPR should go a step further to publish the full list of the 173 oil blocks so far awarded, indicating who owned what, whether local or foreign.

Indigenous Operators (incomplete list)

S/No

Name of Operator

LicenCe

Year of Award

Names of Directors/shareholders

1

Alfred James Petroleum

OPL 302

1991

Adewunmi Sijuade, Goke Sijuade, Adedeji Sijuade, Olayinka Sijude, Adeyemi Osiyemi and Femisola Awosika, with A.O Adeyinka as Chairman

2

Soglas Nigeria Limited

OPL 226

1991

Oscar P. Udoji, P.E Udoji, E.E. Nwosu, with J.O. Udoji as Chairman

3

NorthEast Petroleum

OPL 215, 840 &902

1991

Kommer Complex Limited, Nwokema Ngozi Mbu, Abubakar Jubril and Ashiru B. Aliu, A. Ayankoya with Saleh Jambo as Chairman

4

Optimum Petroleum

OPL 310

1992

R.D. Adelu, Yusuf N'jie and O.A. Aremu with Ibrahim Bunu as Chairman

5

Sunlink Petroleum

OPL 238 & OPL 311

1993

Olaniyi Olumide, Hayford Alile, Samuel Bolarinde, Richard Adelu, Martins Olisa, John Brunner and Emmanuel Ojei

6

Express Petroleum

OPL 108 & 227

1995

Ahmade Rufai, Tajudeen Dantata, Dalhatu Gwarzo, Lawan Omar with Aminu Alhassan Dantata as Chairman

7

Dubril Oil Co. Nigeria

OPL 96

1987

B.N. Itsueli, C.A. Itsueli, O.O. Itsueli, A.E. Ihuegbu with U.J. Itsueli as Chairman.

8

Amni Int. Petroleum

OPL 112 &117

1998 &1999

E.C Edozien, Tunde Afolabi with Sanni Bello as Chairman

9

Atlas Petroleum Int. Nig Ltd

OPL 109

1996

Umaru Ndanusa, Ikechukwu Joseph, Mohammadu Murtala with Arthur Eze as Chairman

10

Consolidated Oil

OPL 103, 458, 136

1993, 1998 &2006

O. Adenuga and Ebi Omatsola with Mike Adenuga as Chairman

11

Oriental Energy Resources

OPL 115

1999

Usman Danburan, Jibril Mohammed Indimi with Senior Mohammed Indimi as Chairman

12

Cavendish Petroleum Nig. Ltd

OPL 110

1996

Gambo Gubio with Mai Deribe as Chairman

13

Allied Energy Resources Nig. Ltd

OPL 120 & 121

2001

Mickey Lawal as Director with Kase Lawal as Chairman

14

Peak Petroleum

OPL 122

2001

Adekunle Olumide, W. Bolaji, Florence D. Oluokun and Ayodeji Oluokun with M.A. Oluokun as Chairman

15

Summit Oil Nig. Limited

OPL 205 and 206

1990

L.K.O Abiola, Radio Communications Nig. Ltd with M.K.O Abiola as Chairman

16

Crownwell Petroleum Ltd

OPL 305 AND 306

1993

S.K Adejumo with Sair Kuashi as Chairman

17

Famfa Oil Ltd

OPL 216 (OML 127)

1993

Folorunso Alakija wit Modupe Alakija as Chairman

18

MoniPulo

OPL 114, 239, 234, 231

1999, 2008, 2008, 2007

F.A. Agama with O.B. Lulu Briggs as Chairman

19

Yinka Folawiyo Pet. Company

OPL 113

1998

S.T. Folawiyo, T.B Folawiyo with W.I Folawiyo as Chairman

20

Zebbra Energy Limited

OPL 248

2004

S.A. Oloko, Boni Madubunyi, Zimako O. Zimako with A.B.C. Orjiako as Chairman

21

Oil and Gas Limited

OPL 249 and 140

2003, 2006

M.O. I drisu with Reggie Uduhim as Chairman

22

Continental Oil and Gas Limited

OPL 59

1998

Agbolade Paddy, Subair Shefiu with Mike Adenuga as Chairman

23

Emerald Energy Resources

OML 141

2001

J.O. Amaefule, P.L. Caldwell, A.C. Uzoigwe, Amos NUR, C.N. Chieri, Femi Akingbe, F.A. Njoku with Emmanuel Egbogah as Chairman

24

Oranto Petr. Limited

OPL 320

2002

Arthur Eze as Chairman

25

Dajo Oil Limited

OPL 320

2004

R.B. Domingo, M.O. Domingo, U.R. Domingo with Domingo Obande as Chairman

26

Malabu

OPL 245


Dan Etete as Chairman

27

Orient Energy

OPL 915, 916


N. Nwawka with Emeka Anyaoku as Chairman

28

Sahara Energy Exploration

OPL 284, 228, 332

2005, 2006

Buba Lawal, Cole Tonye, Odunsi Ade as Diectors

29

Enageed Resources Limited

OPL 274

2007

Buba Lawal, Cole Tonye, Odunsi Ade as Diectors

30

Seplat

OPL 4, 38, 41

2010

A.B.C. Orjiako and Austin Avuru

31

Ekcrest E & P Limited

OPL 40

2012

Emeka Offor as Chairman

32

First Hydrocarbon

OPL 26

2011

O.A Azazi as Chairman

33

Neconde

OPL 42

2011

Amesi Azudialu, John Umeh, Nnenna Obijesi

34

Niger Delta Western

OPL 34

2012

Olayiwola Fatona, David Richards, P.O. Balogun, T. Omisore

35

Transcorp

OPL 281

2011

Jim Ovia, Tony Elumelu, Femi Otedola, Funso Lawal, Jacob Ajekigbe, Tony Ezenna, Ndi Onyiuke Okereke, Fola Adeola and Nicholas Okoye

36

Starcrest, Cross River Energy & NPDC

OPL 242

2011

Emeka Offor, Chris Garuba

37

Starcrest

OPL 291


Emeka Offor, Gidado Idris, Yzoni Yaw

38

South Atlantic (SAPETRO)

OPL 264 (130)

1998

Miguel Guerrero, Joy Ikiebe, Guerrrero, with T.Y. Danjuma as Chairman

39

Oando

OPL 278, 236

2005, 2006

Magoro, J.A. Tinubu, O. Boyo, M.O. Osunsanya, O. Adeyemo, O. Akpata, Oba Gbadebo, A. Peppe and Appiah Korang

40

Ashbert

OPL 325


Albert Esiri, Ifeoma Esiri

41

Oil World

OPL 241

2007

Gbenga Olawapo, Adekunle Akintola, Ibukun Olawepo, Rachael Akintola

42

Pan Ocean

OPL 98, 275

1976, 2007

F.A. Fadeyi, M.D. Yuduf, S.D. Adeniyi

43

Cleanwater Consortium

OPL 289

2007

Arumeni-Ikhide Joseph, Okey Nzenwa, Abu Ibrahim

44

Afren Global Resources

OPL 907, 917

2005, 2008

Rilwan Lukman, Osmah Shahenshah, Evert Jan Mulder, Peter Bingham, Guy Pass, Bet Cooper, Constantine, Egbert Imomoh

45

Centrica/CCC/All Bright Consortium

OPL 276, 283

2005, 2006

Jake Mirica, John Sheers

46

Gas Transmission & Power Ltd

OPL 905

2005

Ahmed Joda, Babangida Hassan Katsina, Makoji Aduku, Abubakar Joda

47

Global Energy Company Limited

OPL 135

2005, 2010

S.A. Onabiyi, M.A. Koshoni, T.T. Anyansho, J.N. Obiago

48

New Nig. Devt. Company

OPL 733,809, 810,722


Northern State governors

49

Tenoil Petroleum Energy Services

OPL 2008

2007

Jim Ovia, Tony Elumelu, Femi Otedola, Funso Lawal, Jacob Ajekigbe, Tony Ezenna, Ndi Onyiuke Okereke, Fola Adeola, Nicholas Okoye, with Elumelu as Chairman

Marginal Fields Operators

S/No

Name of Company

Licence

Year of Award

Names of Directors/Shareholders

1

Niger Delta Company

Ogbele (OML 54)

1999

Aret Adams, Uduimo Itsueli, Sammy Olagbaju, David Richard, Udi Ibru and Fatona Layi

2

Prime Petr. Ltd & Suffolk Petr

Asaramaroru (OML 11)

2003

MacPepple Henry, Macpepple Joy, Macpepple Emmanuel, Macpepple Elfrida and Macpepple Victoria

3

Oriental Energy

Owok (OML 67), Ebok

2006, 2007

Alhaji Indimi, Usman Danburran

4

Universal Energy

Stubb Creek Field (OML 13/14

2003

Amana Nkoyo, Mianaekere Nelson, Abubakar Hayatou, Mboho Emmanuel, Ekpo Akpan, Inyang Etim (Akwa Ibom Govt)

5

Eurafric Energy Limited

Dawes Island (OML 54)

2003

Onoh Anthony, Onoh Christiana, Onoh Ngozi, George Udoekong, Nwauche Eastus

6

Pillar Oil Limited

Umusati/Igbuku (OML 56)

2003

Onosode G.O, Fadahunsi O, Amakiri J., Hassan-Katsina Usman, Tonwe Basife, Obaseki Godwin, Akoyomare Ambrose, Fisher Abayomi, Anaekwena Anthony, Avuru Spencer, Onosode Spencer, Hassan-Babangida

7

Bayelsa Oil Company

Atala (OML 46)


Bayelsa Govt, Brigidi David, Alamieyesheiga Anitonbrapa, Ifimain Ekine, Jonathan Selereipre, Enddeley Francis, Chinwetelu Chris, Willians E.J., Aliyu Abubakar

8

Movideo E&P

Ekeh (OML 88)


Idau Sadiq, Jacobs Kayode, Enahoro Victor, Mohammed Aishatu, Tugger Yusuf, Okwuaive Iyabo, Sadare Raymond

9

Bicta Energy

Ogedeh (OML 90)


Adesemowo G.A, Bashir MM, Onumodu Soye, Akinro C.A, Malberbe T. Unejei T

10

Guarantee Petrr & Owena Oil

Ororo (OML 95)


Rufus Giwa, Ayodele Johnson, Fayose Abiodun, Unuigbe Odion, Omobomi Samuel, Rotimi Luyi, Adefarati Tunde, Duyie Korede, Ojo Segun, Ogedengbe Dele, Aidi Abass, Adegbonmire Wunmi, Amoye Mofisco, Ebiseni Sola, Oladunni Solomon, Agoi-George Segun, Akinruntan F.E, Hassan AlGazali, Eburajolo Victor, S.A. Ajayi

11

Platform Petroleum Limited

Egboma (OML 38)


Edmund Daukoru, Avuru Austin, Amachi Moshe, Adegoke Oluwafeyisola, Addo-Bayero Nasir, Ewendu Chidi

12

Sogenal Ltd

Akepo (OML 90)


Funso Lawal, Joda Abubakar, Harriman Hope, Odu Bunmi, Edohoeket Samuel, Yahaya Mohammed, Dada Nicholas, Yellowe Kenneth

13

Chorus Energy

Amoji (OML 56)


Akerele Chris, Mamman Samaila, Ihetu G.S. Braide Kombo, Banks Nigel, Clubb James, Uhuegbulem Ben, Baba Gana Abba

14

Millennium Oil and Gas

Oza (OML 11)


Ali Chris, Maseli John, Karrs Sastry, Shama Yogi, Igweze Emeka, Bashir Farouk

15

Brittania U-Nigeria

Ajapa (OML 90)


Ifejika Uju, Ifejika Emmanuel, Omu Paul, Otiji Igwe, Ikpeme Ita, Cardoso Tokie, Okonkwo Annie, Inua Mogaji, Mbanefo Louis, Ombu AVM, Horsfall A.K., Ukpong Uche, Ogoro Emomena, Ifejika E.I, Umar Alhaji, Ikpele A.O

16

Network E & P

Qua Iboe (OML 13)


Ajose Adeogun Ladi, Adesomoju Akin Alex -Duduyemi, Adewusi Adebowale, Ifode Yeletide, Gasau Ismaila Musa, John Etop, Olagbede Olufemi

17

Waltersmith Petroman & Morris Petr.

Ibigwe (OML 16)


Isa Abdulrasak, Saleh Danjuma, Utomvie Nyingi, Ita Princess, Okoli Ndubuisi, Kakpovie Anthony, Okpala Eugene, Idrisu Mammudu, Idrisu Lawal, Isokrari Ombo, Nzeakor Nick, Abdulsalami Abdul, Nwabudo Ignatius

18

Midwestern Oil & Gas & Suntrust Oil

Umsadege (OML 56 )


Igbokwe Ken, Afejuku Anthony, Daultry Akpeti, Sagoe Kweku-Mensah, Gambo Lawan, Oshevire William, Mordi Sylvanus, Maidoh Daniel, Fatayi-Williams Babatunde, Mohammed Waziri, Emerhor Otega, Dublin-Green Winston, Mohammed Abubakar, Oduah Stella, Okafor Ugo and Baba-Ahmed Mouftah

19

Independent Energy Limited

Ofa (OML 30)


Ikelionwu Emeka, Ohunmwangho Steve, Yar'Adua Murtala, Okudu Anthony, Bello Shamsudeen, Obaoye Michael, Monanuma

20

Del Sigma

KE (OML 55)


Amachree Sokeiprim, Ungbuku K.D., Bakut J.I, Chaff Kabiru

21

Associated Oil & Dansaki Petroleum

Tom Shot Bank (OML 14)


Machunga Laraba, Gwadah Bitus, Balat Isaiah, Uzor Azuka, Ibok Udo, Uzoechi Isaac, Kadiri Samuel, Afolabi Aderenlr, Yinka Aina

22

Frontier Oil Limited

Uquo (OML 13)


Dada Thomas, Lolomari Odoliyi, Kolade Victor, Yisa Solomon, Nwasikeobi, Alechenu Emmanuel, Bello Falalu

23

Energia Limited & Oando Prod. Devt Ltd

Ebendo/Obodeti (OML 56)


Horsfall A.U, Aribeana Stephen, Shawley Cooker, Bello Lawal, Ene Emeka, Afolabi Ade, Coker Sam, Esiri Albert, Dibiaezue Ifeoma, Hammad Charles, Macgregor Olushola, Oando

24

Goland Petroleum Devt. Company

Oriri (OML 88)


Kingsley Ngelale, Mogaji Gambo, Slako Johnson, Anthony Dotimi

25

Excel Exploration & Production

Eremor (OML 46)


Abiodun Awosika as shareholder

26

Sahara Energy & African Oil Ltd.

Tsekelewu (OML 40)


Baba Lawal, Cole Tonye, Odunsi Ade, Adeniji Titi, Akinla Ladipo, Bently John, Ciroma Musa, Odili Obi F., Du-Frayer

27

Green Energy International Ltd

Otakikpo


A.A. Olojede as shareholder

28

All Grace Energy

Ubima (OML 46)


Adeola Adenikinju, Sola Alab[/quote]

obaival:
DAB Before you fall in love, test the strength of your
heart by playing NairaBet with your School
Fees.....
agree or disagree

Some tourism stakeholders have expressed divergent opinions on the Federal Government’s proposed plan to be issuing Nigerian visas to inbound tourists on arrival at the nation’s international airports.

Some of the stakeholders said in Lagos in separate interviews that the decision would boost the tourism sector.
Others said some foreigners might abuse the policy if not properly monitored by the Federal Government.
They spoke against the backdrop of the announcement made by the Minister of Information and Culture, Alhaji Lai Mohammed, that Nigeria would collaborate with other African countries to fashion out a policy that would facilitate issuance of visas to foreigners visiting the country for tourism.

The minister announced the proposal during a town hall meeting held in Lagos where six ministers gave accounts of their stewardship, saying it was part of plans by his ministry to make tourism one of the mainstreams of our economy.
Mr Olugbenga Adebayo, the Chief Executive Officer of Gadeshire Travels and Tours, called for the collaboration between other agencies and government for the success of the project.
“This is a good decision but the aviation, immigration services and the Ministry of Foreign Affairs must be involved to ensure that the decision is not truncated after a while,” he said.
Mrs Annette Ibe, South-West zonal director, Nigerian Tourism Development Corporation (NTDC), said that the decision would encourage foreign investors and tourists into Nigeria, thereby boosting the economy of the country.

“This will allow foreign tourists to invest in the country when they come and spend their money here in Nigeria.
“This will help more Nigerians as they will get employed in the process”, Ibe said.
Mr Seun Oreti, Manager of Brightling Travel and Tour Agency, said that receiving visas in the host country would speed travel processes thereby improve in-bound tourism.

Oreti applauded the minister’s decision, urging him to speed up the process.
“Issuing visas at the host country’s point-of-entry will help hasten travel processes and improve tourism in the country.
“At least, the long queues and the unnecessary waste of time at the embassies will be reduced to the barest minimum,” he said.
Advertisement


Mr Donald Uko, the Manager of Providence Travel Agency, however, said that he was not pleased with the idea of issuing visas at the point-of-entry.
Uko said that it was necessary to control the foreigners that would be entering the country under the guise of tourists for security reasons.
“I do not support issuing of visas at the point-of-entry considering the threats of insecurity going on at large.
“Foreigners should be properly screened by Nigeria’s embassies in those foreign countries before tourists’ visas would be issued to them by the Federal Government on arrival in the country,” he said.
Uko also said that issuing visas at the point-of-entry would limit the role of embassies of the country from where the people are coming from.
Similarly, Mr Wasiu Babalola, the Managing Director, Swiss International Hospitality Commons (West Africa), said that the Federal Government should make decision reciprocal between countries.
He explained that if a Kenyan could come into the country to pick a Nigerian tourist visa at our point-of-entry, then a Nigerian should be able to pick his or her tourist visa at Kenya’s point-of-entry.
Babalola explained that Nigeria was much endowed with human and natural resources, such that if well harnessed and explored, was capable of advertising Nigeria to the outside world.

“We don’t need to devalue our green card (international passports) to attract tourists into the country.
“We have everything it takes to attract foreign tourists.
“So let’s work on developing our artifacts, monuments, natural sites like the Idanre Hills, Obudu Cattle ranch and others.
“Let’s work on our festivals to be internationally reckoned with.
“If we do not have jobs for people whom we are attracting into the country, it can increase crime rate and insecurity in the country,” Babalola said.
Mr Monday Imoh, a fun-seeker, said that issuing visas at the point-of-entry was not the best thing to be done in any country.
He said that various embassies had their respective duties and the paramount duty of the embassies was to issue visas to travelers, among other things.
Imoh, however, said that issuing visas at the point-of-entry would help increase the number of tourists and increase cash flow in the country.



https://www.today.ng/news/national/113762/tourism-mixed-reactions-greet-fgs-plan-visa-issuance-point-entry

Teenaira:
I can not but agree that all these discovery are cheap propaganda, the present government will do itself a lot of goods if they are a little bit transparent. You can not claim you are making recoveries in trillions every now and then and the economy is dying in a fast mode.

For me, I will be more than happy if these recoveries were actually made but I am sure even our president, Buhari will take news of these recoveries with a pinch of salt. Even if EFCC do not want to prosecute these people, they can get them to write statements and pay at least a percentage of the recovered loot to the federation account with documentary evidence. If invariably we as a country through EFCC could not win at the law courts, we can return back the portion we could not defend to the accused. I am absolutely sure we can't lose 100 percent of these cases in the law courts.

So my advise to government is that if truly these recoveries were being made, let the public know how much then about 25% could be taken out like a soft loan to help the economy which is dying. An economy can only grow if monies are channelled to the right directions. Else, I hold my initial position.

The monies can't be touched until cases are closed in court, and court gives the order.

You wish the presidency had such powers?

saintdennis:
Was expecting some money, got a call it had been transferred, didn't see alert. Can u believe GTB charged me 10 naira for using *737# to check my acct balance? 10 naira!

These banks no longer get "free" money from govt now they wanna fleece customers via ridiculous charges.

Sorry, I know it's not a 'laughing matter', but I just can't help it.

Stanbic charges me N50 for every transaction (outflow), though that it is just a savings account.

GTB own . . . make I just get back come unleash my 'Bariga wereh' for them.

TheNonce:



P.S: Ignore my pet baboon that posted above me! I don't know how it escaped from its cage and made its way to my laptop earlier!

You mean the MAROC kid?

48.2

There are two main factors that could trigger a U.S. dollar collapse. China could achieve reserve currency status for the yuan, undermining the relevance of the U.S. dollar and U.S. stock markets could crash.

The Federal Reserve spent more than $4.0 trillion preventing both a stock market crash and the U.S. dollar collapse. Unfortunately, quantitative easing wasn’t meant to last forever.
The Fed finally wound down their bond buying program last year, injecting a strain of worry into stock markets. We’ve seen that strain grow into a full-fledged panic this year, with markets gyrating wildly through the summer.
Why are they panicking? Well, the short answer is that monetary stimulus is nearly at an end.

But what does that mean for U.S. stock markets? Does it necessarily signal a U.S. dollar collapse in 2016? The answers are far from clear, but there are legitimate fears of an economic collapse. At the very least, a stock market crash is virtually guaranteed.
Consider this; at the same time the Federal Reserve is wrapping up its monetary stimulus, we’re seeing a massive reordering of global power. China has evolved from being a regional power to a heavyweight on the international stage.

Russia successfully annexed Crimea and Eastern Ukraine without any practical opposition from the West, and Iran has been admitted back into the community of nations. The world has changed a lot in a surprisingly short while.
We’re no longer living in a unipolar world where America could singlehandedly dictate terms to everybody else. These days China, Russia, Germany, Iran, and Saudi Arabia are powerful geopolitical forces in their own right.

As political power redistributes to these countries, so too will capital flows. The U.S. dollar will be brought down from its pedestal and be measured alongside the yuan and the ruble. That much is clear.


One potential factor in a U.S. dollar collapse in 2016 is the rise of the yuan. China’s currency is growing ever more important in world affairs, and it’s not by accident.
Time and again, the country’s leaders have announced their intention to gain reserve status for the yuan. Reserve currencies are essentially the backbone of international finance.

Central banks across the world hold large quantities of these currencies as a way of gaining credibility for their own country’s currency. Granting China reserve currency status would symbolize its transcendence in the world order.

There are currently seven reserve currencies in the world, but none come close to the U.S. dollar. As a percentage of total holdings, the U.S. dollar accounts for more than 63% of currency reserves, followed distantly by the euro at 21%.
This wasn’t always the case. Before WWI, currency reserves were made up of Brit . . .


http://www.profitconfidential.com/u-s-dollar/will-u-s-dollar-collapse-in-2016/