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. Jesus Christ

This was revealed today in Abuja by the Nigerian Senate joint 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. What the hell?

Oando Oil is owned by Wale Tinubu’s Oando; 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, and their individual haul, 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. 8.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

With reference to 2011, the companies named by the Senate and the amount of money they have received this year alone include Otedola's African Petroleum, N104.58 billion; A.A. Rano, N1.14 billion; A.S.B, N3.16 billion; Arcon Plc, N24.116 billion; Aminu Resources, N2.3 billion; Avante Guard, N1.14 billion; Avido, N3.64 billion; Boffas and Company, N3.67 billion; and Brilla Energy, N960.3 million.

Others also listed are: DownStream Energy, N789.648 million; Dosil Oil and Gas, N3.375 billion; Inco Ray, N1.988 billion; Eternal, N5.574 billion; Folawiyo Energy, N113.32 billion; Frado International, N2.63 billion; First Deepwater Oil, N257.396 million; Heden Petrol, N693 million; Honeywell Petrol, N12.2 billion; Integrated oil, N30.777billion; AMP, N11.417 billion; Ascon, N5.271 billion; Channel Oil, N1.308 billion; Fort Oil, N8.582 billion; Enak Oil & Gas, N19.684 billion; IPMAN Investment Limited, N10.9 billion; Atio Oil, N64.4billion; AMP, N11.4billion; and Emac Oil, N19.2billion.

Findings by SaharaReporters correspondent indicate that in 2006, only MRS, TOTAL and OANDO were officially listed as beneficiaries of the fuel subsidy recognised by the Federal Government. The three companies were said to have been listed as “major marketers.”

In the following year, 2007, AP and MOBIL joined the three companies and became listed under the category of majors. The same year NIPCO was introduced and listed under the category of petrol depot owners. A new category of “independents” included some marketers who had no depots.

AITEO Energy Resources and TRIQUEST Energy were also added in 2007, bringing the total to eight beneficiaries of the fuel subsidy.

Our reporters gathered that the list of subsidy beneficiaries increased sharply in 2008, rising to of 23, including six majors. Also in 2008, CONOIL and NIPCO were joined by Capital Oil and Folawiyo Energy, under the category of depot owners.

The list of independents also increased from two in 2007 to 14 in 2008 as AITEO and TRIQUEST were said to have been joined by TONIQUE Oil services, IMAD Oil & Gas, Integrated Oil and Gas, Rahamaniyya, AMG Petro Energy, Brittania, ACORN, A-Z Petroleum, SHIELD Petroleum and MAJOPE Investment Limited.

And in 2010, while the beneficiaries of the subsidy payment under the category of major marketers remained steady at six and the depot owners remained two, the list of independent marketers jumped up to 28, with the curious inclusion of many relatively unknown and unheard-of companies.

Competent sources said that the lion’s percentage of N1.426 trillion fuel subsidy for this year will go to Otedola's AP, Wale Tinubu's OANDO, TOTAL, Sayyu Dantata's MRS and And Mike Adenuga's CONOIL.

These revelations, which are certain to enliven discussions about the management of the Nigerian economy, come as the government of Mr. Goodluck Jonathan prepares to withdraw the subsidy on petroleum products next month.

Please stop the damn subsidy with immediate effect

ifeci:

shouldn't this dumb GEJ guy be appointing a special Adviser( or more since he is too dumb) to the president on security matters rather than a senior special Adviser on Diaspora affairs (of which it's significance is yet to be known). How can we continue living with this everyday increasing death toll in Jos and the government does not know what to do about it.

He told Daily Trust why the four-man representatives of the group who visited President Goodluck Jonathan in Abuja last Monday rejected the $50,000 gift,
saying it would compromise their core value Speaking to our reporter last night, Odumakin, who is also a member of Afenifere, narrated how the group led by Pastor Tunde Bakare was offered the money and how it was turned down.

He said the group visited the president last Monday over the state of the nation. At the meeting, Odumakin said they offered the president some frank talk and adviced him on the general elections coming up next year.

“And while we were about to go, an envelope containing the $50,000 was brought before us. One of us opened it to ascertain what was inside. Behold! It was
dollars and we quickly and politely turned it down. But because somebody went out of the place to begin spreading the information that we collected money, we would not want to make an issue out of it because it was politely turned down.”

Odumakin said collecting the gift would interfere with the group’s core value and “we also believe that collecting the money may compromise us.” He accused
the president’s aides of leaking the information to the public, saying that none of the four members of the group that went on the visit collected the money.

Narrating his case earlier today on naijapolitics, a popular listerv, Mr. Odumakin wrote as follows: “After the meeting with the President, he left the wing where we met for another [wing] and said ‘please don't go yet I'm coming’. Sensing what that could [mean] we headed for our cars…We would have left before Orubebe emerged from the president with a brown envelope but for the fact that the drivers were not allowed to stay in the cars.”

Odumakin further explained: “Before we could drive off he [Orubebe] brought the ‘gift’ from the President and he said so. We rejected the money instantly but he was persistent. Wisdom dictated we couldn't be creating scene at the [Aso Rock] villa gate after midnight.” 


“We headed to our hotel and called Mr. Tony Uranta to come up with us. We then called Orubebe and put him on speaker to let him know that we are returning the money through Uranta back to him and to the president. Mr. Uranta then said that he appreciated our integrity.”


Mr. Odumakin revealed that the $50,000 came in “five bundles and all $100”. He added that, in order to guarantee that the money was returned to source, they also called Oronto Douglas, a senior adviser to Jonathan, to inform him of their action.

“We had moved on and we ordinarily would not have embarrassed the Presidency on this matter,” Mr. Odumakin further wrote, adding, “But 48 hours after the visit Saharareporters called to inquire if we visited Jonathan, which we confirmed. We then learnt that the meeting leaked through the other party. At that point, it became clear that some people were out to do some dirty job. It was later revealed to us that the story that was actually sold was that we collected money from the Presidency.”


"And while we were about to go, an envelope containing the $50,000 was brought before us. One of us opened it to ascertain what was inside. Behold! It was

dollars and we quickly and politely turned it down

Kobojunkie:

OMG  . . . . look whose telling me to quit asking silly questions . . . .  ROFLMAO!!

Kobojunkie:

You realize I enjoy going after people like you, who make baseless claims and assertions, for fun? READ THE ARTICLES to understand where the scenario she painted for you probably comes from and WHY YOUR repost there is just out of whack!  Seriously, insulting me and telling me to shut up over and over, when you ought to be the one taking your own advice there ain't gonna help you, not with me.

At least spend time actually reading all the information available to understand where the comments are coming from(who said what and who is denying what), and why. Not jump in blindly, picking sides without having a clear picture of what is even unfolding here, and then wonder why you are still not connecting(why we still consider some of your questions and claims to be ridiculous), more than 5 pages in.

I have yet to tell you to pick a side, any side. Simply advising you to open your eyes and read what is actually available for you to.

Kobojunkie:

Seriously, you need to take your own advice more often than not, cause you continue to shoot your own case with each post. The only accounts of a bribe, which you commented on, are from sources supposedly quoting Bakare, and Odumagin. Orubebe, and Uranta, have so far denied any money even exchanged hands, let alone existed.  The revelation about the hotel meetings which you commented on, came from reports on Bakare, and Odumaguns stories.

So why are you not able to keep up, even with your own posts?

Kobojunkie:

If you had actually taken time to READ the original reports, you would probably not be here making the silly suggestions you made there . . . .  Here again are some cut outs from original articles


Again, rather than cooking up ridiculous angles and theories of how it ought to have happened according to you, why not send your questions to the right persons, or simply take your own advice on this -- shut up?

I didn’t bribe Bakare’s SNG, says Orubebe

PIQUED by the bribery allegation levelled against him in an on-line medium, the Minister of Niger Delta, Elder Godsday Orubebe, yesterday distanced himself from the report.

While insisting that there was no reason to bribe the cleric and his group, Orubebe said he was worried why anybody could come up with such “distressing” allegation, recalling that the SNG championed the change of guard during the last days of the late President Umaru Yar’Adua without anybody or any group of government.

Said the minister: “I have read, with a deep sense of shock and disappointment, allegations made against me in an on-line medium, claiming that I attempted to bribe the leadership of the Save Nigeria Group after a visit with the president.

“I find these allegations deeply distressing, and I am certain that the highly-respected Pastor Tunde Bakare must have been quoted out of context.

“I am forced to react to these allegations only because I would consider it an insult for anyone to attempt to bribe someone of that stature, visiting with his group, and with, of all sums, $50,000.

“True, a bribe is a bribe, no matter the sum. This is the reason why I am all the more concerned and worried about these claims. What I however find intriguing is that there is absolutely no reason to bribe the Save Nigeria Group. When the body on its own volition rose to challenge the sense of drift that had befallen the country over the illness of our late leader, Mallam Umaru Musa Yar’adua, did anyone bribe them?

“So, it is hard to believe that any right thinking person would attempt to do so now. If a bribe is intended to induce someone to either do something, or to refrain from doing it, what in objective terms would I need to bribe the SNG for at this time.”

He, therefore, enjoined Nigerians to disregard the report, saying “it is a false story that should be dismissed by all right-thinking persons”.

http://www.compassnewspaper.com/NG/index.php?option=com_content&view=article&id=70616:i-didnt-bribe-bakares-sng-says-orubebe&catid=43:news&Itemid=799

Abuja (WorldStage Newsonline)-- The Minister of Niger Delta, Godsday Orubebe has denied the report that he attempted bribing the Save Nigeria Group (SNG). He said there was no basis to induce SNG led by Pastor Tunde Bakare.

Reacting to a report that he attempted bribing the group when they visited President Goodluck Jonathan over the health situation of the late president Umaru Musa Yar’Adua, he sai the allegations was deeply distressing and should be dismissed in its entirety.

“I have read, with a deep sense of shock and disappointment, allegations made against me in an on-line medium, claiming that I attempted to bribe the leadership of the Save Nigeria Group, SNG,

after a visit with the president.

“I find these allegations deeply distressing, and I am certain that the highly respected Pastor Tunde Bakare must have been quoted out of context. I am forced to react to these allegations only because I

would consider it an insult for anyone to attempt to bribe someone of that stature, visiting with his group, and with, of all sums, 50,000 dollars.

“True, a bribe is a bribe, no matter the sum. This is the reason why I am all the more concerned and worried about these claims. What I however find intriguing is that there is absolutely no reason to bribe

the Save Nigeria Group. When the body on its own volition rose to challenge the sense of drift that had befallen the country over the illness of our late leader, Mallam Umaru Musa Yar’adua, did anyone

bribe them?

“So it is hard to believe that any right thinking person would attempt to do so now. If a bribe is intended to induce someone to either do something, or to refrain from doing it, what in objective terms would I need to bribe the SNG for at this time?

“This is a false story that should be dismissed by all right thinking persons,” the minister said.

http://www.worldstagegroup.com/worldstage/index.php?&id=1355&active=news

Uranta had claimed on his Facebook page on Monday that Saharareporters misrepresented the crux of the meeting between the president and the Pastor Bakare-led delegation.

Uranta denied that Jonathan discussed his ambition to run for office with the SNG delegation and also said no money was offered to the SNG team.

http://tribune.com.ng/index.php/front-page-news/14094-jonathans-man-offered-us-50000-bribe-bakare-i-didnt-bribe-bakare-others-orubebe

Kobojunkie:

The point is you have a story, if you need more info, rather than weaving yourself into some silly corner, why not send these questions to the media so they can be answered for you or the paper could ask the Pastor Bakare they claim the original confession came from?

aisha2:

In as much as there is no need to argue with you because you have already twisted your logic, i say this for record purposes. None of the SNG members collected the money or even counted it. Tony followed them with the money to the hotel, showed dthem which is easy for anybody to guess when you see 100$ bills in five bundles, you will know its fifty thousand u dont need to count it. Tony showed them they called orubebe put him on speaker and told him they were sending the money back. Main point, they did not collect money or accept a bribe/ transport money/ lunch money. They sent it back

Boboribo:

First Beaf never believed money was given out. Now he believes and disputes the amount and currency. What next?

9ijaMan:

Sometimes I wonder why it appears people think through their anus. How difficult is it to count 50K dollars? What has the counting of the money got to do with the fact that it was an act of bribery? If the SNG guys have not stated the actual amount, it's people like you who would make outrageous comments doubting the authenticity of the story. Now they have given the actual figures and even clearly given how the whole scandalous event took place, yet you still doubt. Orubebe (GEJ and the rest of their team) have not denied they offered the money. The bone of contention is how will a sane Nigerian classify such a largess (Gift, Tithe or Bribe). 

Let's call a spade by its true name "SPADE". There is no gain saying and no matter how hard GEJ cronies try to come up with flimsy excuses, GEJ stumbled once again and has soiled the position he occupies by attempting to lure SNG to support his presidential bid with a BRIBE of $50,000.

princekevo:

Man you are the one who just shut yourself in the foot.

That was a news posted by beef probably you did not read that . Bakare never denied anything, but merely said they were not offered any bribe, but transport money. And you are here saying no money was offered.If you expect him to tell you they were offered bribe, then you must be naive.

The question is, if indeed Bakare in his heart tooks this  to be a transport money and why was it rejected, based on Integrity? How many times have you seen people rejecting a gift from politicians, if not when they think it is more than a gift which might in future dent their integrity.

And mind you whether it is a gift, transportion money, Christmas whatever should be stopped. If every groups that visits Aso rock goes back home with $50k as transportation money. How much will Jonathan spend in year just for such transportation bullsh.its. 'We should not forget that getting more kpomo is always from the Cow and is very painful to the Cow.'

OMO IBO:

princekevo, alright, swap bribe with gift, transportation money, tithe. . .anything you want.
Fact is they are denying it.

Please note: at no point have I accused anyone of any wrong doing.

But wait ooo, who counted the money and confirmed it was $50,000?? Surely, Orubebe or whoever offered the money  couldn't have said 'please take this $50,000 as  gift/transport fare'. Also, '$50,000' couldn't have been written on the brown envelope. . .LOL