E don happen! The 'SAINT' now facing judgement under hands of the "DEVIL" abi?

nne3870:

says who? Its an official sticker and its sold at every winners church. Pastor don turn god, ppl ar nolonger identifyin themslves as God's children bt as 'son's of bishop' Idolatory in d highest order..... Smh

Better. Because he's someone I respect. And if this goes public he should condemn it openly cos this can amount to blasphemy.

Hope he's not putting himself in the place of God.

otodeluxe: What type of oil, is it Olive oil?

Maybe na groundnut oil. Make them checkam again

Maybe na groundnut oil. Make them checkam again

bigboy3:

Please how old are you?

Political or religious Analyst?

You are truly a MAN OF GOD..... Let BAKARE learn from men like you and stop using our pulpit for the politics of sentiments and hate.

You are truly a MAN OF GOD..... Let BAKARE learn from men like you and stop using our pulpit for the politics of sentiments hate.

Why did't you remove yourself when you diverted our oil blocks?
READ THE GOOD WORKS OF THIS SAINT:[color=#990000][/color]

How Babangida, Abacha, Obasanjo Shared Nigeria’s Oil Blocks

Published on Friday, 27 April 2012 11:24
Written by Obinna Akukwe
Hits: 359


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 t 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.

In April 2011 Mike Adenuga attempted to buy Shell’s OML 30 for $1.2 billion dollars. The Minister for Petroleum and Nigeria’s most powerful woman refused the sale of the OML30 to Adenuga citing national interest. This block was later sold to Heritage Oil for $800 million dollars eleven months later.

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 regime of President Goodluck is not showing any signs of changing the status quo. Controversies have trailed the activities of the Minister of Petroleum and many players in the Industry accuse her of demanding stakes from every oil deal. It is hoped that President Goodluck Jonathan will remember his transformational promise to Nigerians and endeavour to face the hawks in the oil industry. 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.

Obinna Akukwe

This Moon sef na only Prophet de see am. Why ordinary man no de see? Na waooo.... Well make wuna continue sha but i hope person no go faint for road. Because some mallams sef de ves for this kind try fasting

Sooner or later they will begin to suspend the Eid-el-Fitri itself and when the insecurity they sowed grows to adulthood, the religion itself will go into extinction.

Sooner or later they will begin to suspend the Eid-el-Fitri itself and when the insecurity they sowed grows to adulthood, the religion itself will go into extinction.

fresh_dude: You sound like a fucking illiterate. Whose job is it to deal with Boko Haram? Are you sane at all, do you think the job of the president is to eat and declare and decree. What kind of daft bastaards is Nigeria producing for God's sake?

Your pastor's church hasn't smelt a bomb yet...... He was the running mate of the man who vowed to islamiz the country.... He fought behind the man who promised to make the country ungovernable...... He is still an ally of a man who provoked the storm of terrorism under the brand BOKO HARAM and we still call him pastor..... Point of correction Sir, since you still seems lost like your pastor - we are not asking him to proffer solution to Boko Haram but let him also voice his condemnation of this evil that threatens to reduce to church he claims to represent into rubles..... Do here me?

onatisi:

you are too low or small for me to argue with .so i wont even stoop so low to exchange insults with you.i have passed that stage and age that i will casting insults on nl.well i believe u are still in that level and age and with time u will outgrow it.so just keep thinking about all i have said .

Bro, give me a bible instance where St Paul did what your pastor is doing. It's not an insult. It's either you spoke on the air an are now trying to run away from facts. By the way you were referring to the book of absolute facts....

kunlekunle: If apostle Paul was quiet when judged by the gov, Christianity would have remained in jerusalem and its environ.

Please can you kindly give us scriptural backing on St Paul being so sarcastic on the pulpit? If you are a bible student you can't venture to make such a blatant comparison between St Paul of all men to a misguided pastor seeking for power.

His brothers are looting in the House of Reps and the other bathing with human blood in Yobe, Bauchi, Kano...... And this self branded fierce pastor will say nothing. If his pulpit blabbing has no political undertone, let him change the frequency of his fierce criticism to BOKO HARAM and other evil doers in house of reps and senate..... Then I will personally be his fan.

As if there are no men of God for him (Tunde Bakare) to call to help him out of his (pulpit emptiness and tryness). Pulpit politician.

Emmmmmmmmmmmmmm..... I think BH is an NGO. Real rubbish. But FG must not forget the hard truth left by Legend Bob Marley .... Whoever fight and runs away, will live to fight again.

Emmmmmmmmmmmmmm..... I think BH is an NGO. Real rubbish. But FG must not forget the hard truth left by Legend Bob Marley .... Whoever fight and runs away, will live to fight again.

I will never stop asking - WHICH GOSPEL IS THIS MAN PREACHING? Because even from the circular dimension, positive criticism of government policies is different from attacking an individual as a person. This man's vocabulary and sequence of speeches doesn't place him under the cadre of men of God. I'm sure very soon Bakare will go down to use the children and grandchildren of GEJ for pulpit analysis.......

I will never stop asking - WHICH GOSPEL IS THIS MAN PREACHING? Because even from the circular dimension, positive criticism of government policies is different from attacking an individual as a person. This man's vocabulary and sequence of speeches doesn't place under the cadre of men of God. I'm sure very soon Bakare will go down to use the children and grandchildren of GEJ for pulpit analysis.......

And they call themselves lawmakers asking for full implementation of the budget or else .............. ole. Sinking the Nation to get themselves stupendously rich Lawlessness Personified!

That must be an unwise threat:Desist from prosecuting them or face a full disclosure of how they funneled close to $1 billion towards his 2011 presidential campaign through the oil resources minister Diezani Allison-Madueke and the Minister for the Niger Delta, Godsday Orubebe. As if a pastor collecting tithe will have time to ask how the money was gotten. They willingly decided to sponsor the campaign of those they feel will provide an unlimited access to the nations treasury as it as always been in the past. We no send them - they will be probed to the last. Idiots.

That must be an unwise threat:Desist from prosecuting them or face a full disclosure of how they funneled close to $1 billion towards his 2011 presidential campaign through the oil resources minister Diezani Allison-Madueke and the Minister for the Niger Delta, Godsday Orubebe.[/color]. As if a pastor collecting tithe will have time to ask how the money was gotten. They willingly decided to sponsor the campaign of those they feel will provide an unlimited access to the nations treasury as it as always been in the past. We no send them - they will be probed to the last. [size=16pt][color=#990000]Idiots[/size]

There are all corrupt thieves and lawless lawmakers..... They think they can always deceive us with their game of corruption. So they were that keen about our common interest yet they were bent on hiding their colleague who Capped $620M subsidy money. Is that amount not big enough for their constituency project? By the way, why is it that the issue of full implementation of 2012 budget is now tired to constituency project? - CURRUPTION RED LIGHT

Them no well at all.........

Dammit, How Many Fierce Sermons Has He Preached Against BOKO HARAM. Is He not affected by the Boko Haram Menace? Maybe He is one of their sponsors....

Dammit, How Many Fierce Sermon Has He Preached Against BOKO HARAM. Is He not affected by the Boko Haram Menace? Maybe He is one of their sponsors....

They won't react on issues affecting the common man (BOKO HARAM, POVERTY, UNEMPLOYMENT, ELECTRICITY....) but they are ready to die or impeach the president when any policy affect their pockets. Please tell these THIEVES to reduce the grammar "POOR IMPLEMENTATION" to what Nigerians will understand. They will always use superficial grammar to cover up their motives always pregnant with criminal tendencies.

MTN is the only profitable teco abi Na MTN don put more profit to their pockets? YEYE