₦airaland Forum

yetty80:
For your 12pairs of NYSC socks at affordable rate of 1500 visit /michelleskiddies...nationwide delivery guaranteed

12pairs? For what? Abi you' ll keep some for your children's children to use?

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.
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. 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.
OML 110 with high yield OBE oil fields was given Cavendish Petroleum owned by Alhaji Mai Daribe, the Borno Patriarch in 1996 by Sanni Abacha. OBE oil field has 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. When you remove the taxes, royalties and sundry duties worth about 60% of the reserve payable over time you get about $20billion dollars worth of oil in the hands of a family.
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.
OML 112 and OML 117 were awarded to AMNI International Petroleum Development Company owned by Colonel Sanni Bello in 1999. Sanni Bello is an inlaw to Abdulsalami
Abubakar, former Head of State of Nigeria.
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. OML 215 is operated by Nor East Petroleum Limited owned by Alhaji Saleh Mohammed Gambo.
OML 108 is operated by Express Petroleum Company Limited is owned by Alhaji Aminu Dantata.
OML II3 allocated to Yinka Folawiyo Pet Ltd is owned by Alhaji W.I. folawiyo.
ASUOKPU/UMUTU marginal oil fields is operated by Seplat Petroleum. Seplat is owned by Prince Nasiru Ado Bayero, cousin to the Central Bank Governor Lamido Sanusi.
This oil field has the capacity of 300,000 barrels of oil daily. This translates to $30million dollars daily at average benchmark of $100 dollars per barrel. Deducting all sundry
taxes, royalties etc , this field can yield $12billion dollars daily for the owners. Intel owned by Atiku, Yarádua 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. 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.
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 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 $20 billion dollars.
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.
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.
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.
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. 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. In 2000, Obasanjo had earlier revoked OPL 241 given to Dan Etete under the
advice Atiku. However, when the Obasanjo-Atiku faceoff started, the Ota Majesty made a u-turn and handed back the oil block to Etete. During the time of Late President Yarádua , 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.
This oil block business is so lucrative that Danjuma’s Sapetro divested of its investment in Akpo condensate for $1billion dollars. 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 In the name of competitive bidding, which Obasanjo introduced in 2005, Officials bring companies overnight and through
processes best described as secretive and voodooist they award 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.
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 co ordinate the award of the last rounds of oil block 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.
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.
Most of the contracts of these oil wells will expire this december and GEJ is not ready to renew them....
If these oil wells were to be found in Northern part of this country, by now they should have been clamouring for the division. GEJ does not have any Oil well to his name
https://m./134821730057624?view=permalink&id=339899176216544&lul&_rdr

Odunharry:
no spoil me

See NO Evil, Hear NO Evil, Speak NO Evil

All three are good business depending on the location you intend to site it.
Do your homework and check which of the three will sell better at your intending location
Veiwing center may cost much more than 150k to setup so you also need do a home work by finding out the cost of setting up each of the business you intend to go into

Viewing this topic: nancyifeatu(f), ayili, emmabowin(m), Topealegbeleyeyahoocom and 1 guest(s)
It's ok you guys can go sleep now... May 5th is secure

prissyluv:
Is it possible to bring back our service to March? :-

I don't think so because between now and march is too short a time for
1. CPIs to submit lists
2. Prospective corp members to register online
3. NYSC to pass out A14 and prepare camps to accommodate A15
4. It's too impromptu to retract the current timetable and approve a new one

Nice Job man, I love what you are doing.... And am very curious to see the end result

Emmayur:
Good to be here.

Emmanuel

Estate Management and Valuation department

Federal University of Technology, Minna.

welcome fellow FUTmite you finally left Gidan Kwano... Congratulations

Boko haram simply means western education is bad, is it a coincidence that he has no cert. Or does he sees school certificates as Haram too?

This was in Jos snaped useing BB curve 4

rioemmanuel:
can you allow your sister get married to him

Yes I can but I will NOT

diluminati:
this is the most silliest question i've ever read on nl this year

Thank you

lynpetra:
^^^^@ Barca

@ Archy.
What surprises mevus the fact that NO MEDIA house is carrying this. Just recently 6 policemen were short dead! Are we for waste for the FG?Is President Jonathan using the menace of Book haram in the North to hide the barbaric blood shed still going on in Bayelsa?Where did this criminals get thus sophisticated weapons that even a glorified DSS would frown on?is the SA deal part of the arms being shared?After all,our military do not have such sophisticated weapons even to combat Boko Haram.

FG, GEJ, PDP is responsible for every wrong thing in Nigeria since 1960
Gullible people

GEJ till 2019

lynpetra:
^^^^@ Barca

@ Archy.
What surprises mevus the fact that NO MEDIA house is carrying this. Just recently 6 policemen were short dead! Are we for waste for the FG?Is President Jonathan using the menace of Book haram in the North to hide the barbaric blood shed still going on in Bayelsa?Where did this criminals get thus sophisticated weapons that even a glorified DSS would frown on?is the SA deal part of the arms being shared?After all,our military do not have such sophisticated weapons even to combat Boko Haram.

FG, GEJ, PDP is responsible for every wrong thing in Nigeria since 1960

GEJ till 2019

lynpetra:
Many Nigerians might not know what is happening in Brass and Nembe,a small community in Bayelsa.Although, I do not blame them because their ignorance is justified as I am still surprise why the media houses are not broadcasting the blood shed going on even currently on their waters.Is it political?Is Goodluck Jonathan ignoring the fact that behind his backyard lies true stories of human torture, judicial blood shed and ultimately pirate crimes,that has led to the brutal murder of innocent victims,as well as human degradation (throwing of their victims into the sea to drown and devoured by dangerous fishes).Is it political I say?Why is the media not carrying this horrible News of kidnapped old pensioners whose bodies are then buried in shallow graves.What is the difference between BOko Haram and what is going on in Brass and Member?What will it cost the FG to send battalions in the creek from whence this pirates comes from to execute them all.They kill their victims,throw them inside the water and drive off with their speed boats.I am so surprise that the reports of how police officers, Armies and Naval officers who are also victims is yet to be reported. I ask again,is it political?Or are the local leaders trying to help cover this facts because,"Good luck na our pikin,make we no spoil him govt.Make we dey hide our dead body".The President claimed BH is APC, now is APC responsible for the calamities that is happening in Bayelsa? WHY IS IT NOT IN THE NEWS THAT OUR MILITARY AND POLICE AND AND NAVAL OFFICERS are killed by sophisticated weapons,100% times better than what YOU provide for them?My heart really goes to innocent Bayelsans travelling home this festive period.This your Government really get K leg.Let me stop here.I choose not to go further.

Are you sure of what you are saying? Because there is a TV program I watch every week where jetta amata or what's his name (the nollywood actor) selects youth from the communities around there and train them on acting etc. And if these things you claim actually happens how comes his show is not affected?

barcanista:
coÑsult the constitution

I was only asking to know and not to take sides but since you won't give me a meaninful answer, someone else has already done that. thanks

waternogetenemy:
Correct guy! I say dey are learning practical politics aside from the theoretical!

Sorry I was only asking to know and not to take sides thou am with GEJ till 2019

barcanista:
Under Section 50(2)(c) of the 1999 Constitution (as amended), the President of the Senate or the Speaker can be removed from office if supported by the votes of “two-thirds” of all the members.

Pleas sir, if I may know is "two-third" of vots also needed to put a speaker into office?

shares ko, stocks ni abi na bonds or tresury bills me no even know for this seun oh..

Seun: I don't understand why we're getting many complaints about this feature despite its high usage

I hate the feature too please seun do away with it... Its high usage is by errror, when someone wants to use the "LIKE" botton he/she mistakenly clicks the "share" and it make you think that pple use it

ernie4life: interest rates are about to fall

Let them FALL

ernie4life: that's why I said add me up for more clarification, we have a wide range of products, so if we talk I could advise you on your best option

why not doo all discussions and calculations here in public? Why do you want to go private on BBM? Or do you have something up your sleeves you are hideing??

you know your people better, you know which of them will get crazy angry when he/she hears u and you know which of them will sympathize with you on hearing what u have to say do the needfull tell the most sympathetic person in your family and have him/her relate your ordeal to others

Nonso23: I saw what you did there brother! Had to read twice to get the message.
Intricate and touche!

and truthful

skydeep: ^^hmmmm. My friend was wrong then . She is a banker and her job is always a problem in her marriage.

your friend is NOT completely wrong you know..

zazi akoni: is peope lyk u dat will be d firewood of the hell fire u are talking abt. God is not so wicked to create hell

ayili: who then created hell? is there another creator besides God?

Dhelake: it means there is no hell

Then God can't be that wicked to create wicked people, he couldn't have created death either, poverty, sickness etc are not known to God or do you mean they don't exist too?

zazi akoni: is peope lyk u dat will be d firewood of the hell fire u are talking abt. God is not so wicked to create hell

who then created hell? is there another creator besides God?