₦airaland Forum

Equity in Oil bloc allocation will be the tool to get Niger delta militant ofF the creek.

It’s no news the North wants GEJ out of the way, so their licenses can be renewed cos most of them are expiring from 2017 upwards.

Monumental injustice is being perpetrated to the people of Niger Delta on whose soil the oil was found.

These people constitutes the main opposition to President Goodluck Jonathan today. Please Read on:

(1) 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.

(2) 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.

(3) 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.

(4) NOML 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.

(5) 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.

(6) OML 215 is operated by Nor East Petroleum Limited owned by Alhaji Saleh Mohammed Gambo.

(7) OML 108 is operated by Express Petroleum Company Limited is owned by Alhaji Aminu Dantata.
(cool OML II3 allocated to Yinka Folawiyo Pet Ltd is owned by Alhaji W.I. folawiyo

(9)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 .

(10)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.

(11) 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.

(12) 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.

(13) 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.

(14) 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

(15)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.

(16) 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.

(17)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.

(18)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.

(19) 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.

(20) 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 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.

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.

Culled from How Babangida, Abubarkar, Abacha, Obasanjo Shared Nigeria’s Oil Blocks

– Written by Obinna Akukwe

madridguy:
We have called for change and change has come. But to be ready FOR change we must be ready TO change and change others. Ask yourself: What have you done today and intended to do tomorrow to/for change? GMB cannot do it ALONE. Change is our collective responsibility. Start changing NOW and encourage others to do the same please. Start being orderly and disciplined TODAY! E.g. Join queues, obey traffic instructions, discourage what is bad, encourage what is good... Make it easy for GMB, the determined old man, to bring about positive change in our lives. This message is from: BRING BACK OUR VALUES Group. Please spread.

Guy, no the same story GEJ told us? I can not do it alone we need support of Nigerians and other trash. He must solve all the problems that made people shout change everywhere.

Everyone will join APC, then self inflicted implosion set in. That is more dangerous than opposition party.

pazienza:
When Buhari the messiah competed against an incompetent, corrupt and tyrant president from SW in 2003, we knew how the voting pattern of the SW was.

So don't think any one is deceived by your tribal politics packaged as sophisticated politics, no one is deceived.

Thanks for throwing in 2003, that is 12 years ago, they might have erred, but they pulled through it, let the SS,NW,NE,SE come out of it.

The result that came from the south west and North central need to be commended because it shows balance and detribalised voting pattern. The rest in my views are not healthy for the Nigerian dream of being united and strong. The equalizer votes from Enugu that neutralizes the south west votes and the Kano bomb like votes that forced the sign of the cross from that sign language guy still show that tribal sentiments more than reasoning and rationale played a big role. North west, south south, north east and south east need to be receptive to every Nigerian regardless of region and tribe. Just my personal submission.

I dey fear to go there, action close to my vessel. I had envisage this should GEJ lose elections and now the reality is before us. My prayer is that they should not resort to throwing bombs at the vessels to disrupt oil production or better still they should tell people working in those vessels to evacuate before bombing. I dey fear

ellechrystal:
I blame Amaechi for allowing idiots like u to speak, because if he didn't talk too much about his southern brother to d public, u wouldnt ve d right to say this, if he didn't support ur northerner, u wouldn't say this trash.
He was part of gmb's win for christ sake, n u r here calling him names, u must b a decayed brain individual.
Amaechi should learn from this,
Northerners, no matter how much u help them, if u r not one of them, forget it, they see u as a fool.
Trash

Call that number, you are a true daughter of SS.

ellechrystal:
Lol., no one is worthy for now. I mean none.
Maybe with time we will know. Except Buhari himself opts to take on d responsibility along side his bigger position.
Else I can't see anyone. Not even fashola, jega may not even perform well there. Note, everyone has an area of specialization, not because u r good in d inec job doesn't mean u will do same or better in EFCC.
Please these r two different fields entirely.

9469

ellechrystal:
That is not even d voice of Goodluck Jonathan.
I know how he speaks, that is a scam.
Though he called, this same media who published all sort of propaganda against the man, Ve come again even when d world sees him as a great man.
Their cup don dey full, let's see them publish for GMB.
I am here watching.
Meanwhile, I Love Goodluck Jonathan

6842

ellechrystal:
Don't mind d big ignorant dog, he wants to see if he could spark up something, big toad he is, unfortunately, he lost it.
A big Ignoramus is d phrase to describe him.

080

ellechrystal:
I hear una, always coming out to explain, if it were Gej, u guys would misquote him.
Now misquoting him is unfair n mischievous..
Hahahahahahahahahahahahahah una never chichonching, be ready to Ve a taste of ur own propaganda medicine.
By the way, in one of his campaigns he said immediately he is voted in, boko haram will stop. Yes he didn't give time then, but please Wat is "immediately "??
No worry, boko don stop sef.
Their activities ve been down, I don't think it's cos Gej is still fighting them. Hmmm., I smell a rat though.
We understand y.
May God help us.
Next the chibok girls will stroll home after may 29.
We r watching.
God bless Nigeria.

My dear you are right, Nigerians should set agenda to their leaders and ensure they keep all their electioneering promises. I urge everyone to get a full list of what GMB/PYO promised, six months after may 29th, we will know if they are on track to deliver.

Jaypea98:
Aunty come closer let me dash you slap

Slap am make I see. Bros see am here come slap am, you never chichomchin.

Bevista:
Is this threat an existential or real one? If it is real, I do think president Jonathan will call those militants to order.

While I have never been a fan of GEJ, I think he has acted like a real Statesman & gentleman in the wake of the election results. The unity & progress of the country has guided his conduct more than his quest for power.

If the militants truly consider GEJ as their leader, they should act responsibly in the best interest of the country, just like GEJ has done.

However, should they choose to take laws into their hands, I have absolutely no doubt that the government of GMB and the collective will of Nigerians (who want peace & progress) will put them in their rightful place.

Nigerians have made their choice...they should allow peace to reign.

God bless the FRN.

Boko Haram never acted in the best interest of Nigeria

bettercreature:
I must tell you 99 percent of us are not paid and we are not eating national cake if buhari fail to deliver we are going to be the first to criticise him and vote him if that's going to be the last solution

Guy Buhari will not take that ooo. He will find you out.

Demons full Aso rock ooo. Each of our past presidents import and bury foreign and blood sucking gods in Aso rock. Those things are only overpowered by prayers in Jesus name. If anyone fervently call on that name, they will come out together.

“The conditions that advanced the need to embrace
the creeks have been sadly re energised, it is clear
that a vicious government who may maim and
murder the voice of the so called minorities may
have just been birthed,” he said.
“Indeed integration is nonexistent as regional gang
ups and supremacy is symbolic with this victory.
“While President Goodluck Ebele Jonathan enjoys
his moments and bask in the euphoria of a now
world renowned statesman having congratulated
Muhammadu Buhari his conqueror, we must
quickly remind that our struggle was never about
Jonathan nor about presidency.
“President Goodluck Jonathan was an
establishment beneficiary of our struggle, our sweat
and blood that many bled and died for, he was
never in the struggle and he can never wish away
our collective march forward for statesmanship.- Asari Dokubo.

This na strong statement ooo. We are beginning to experience kidnapping offshores oooo

ozo13:
I respect ds man

That idea includes technique to stealing and enslavement of subject. Good ideas to imbibe.

Congrats to him, politics over let us face Nigeria. My only concern now is I need earring aid to understand his pronunciation of words.

As we celebrate GMB/PYO, I want to remind them that Nigerians this days don't forget promises. Four years from now you both will come back to us and we will use our checklist of your promises to make our decision again. Don't forget the following promises:

1. You promised Fight against corruption irrespective of who is involve.
2. You promised 40,000MW of power in 4years to have electricity everyway.
3. You promised 5000naira monthly for 25million people to take them out of poverty.
4. You promised allowances to graduates that complete NYSC till the get employed.
5. You promised meal for our pupils in public schools.
6. You promised making Naira at par with dollars.
7. You promised to end insurgency and secure Nigeria from North to South.

#Nigeriansdontforgetpromisesnow.

Please add any of his promises you remember. We must hold our leaders accountable.

Interesting scene. Jega should have addresses their protest too concerning Kano, Katsina etc the way he did Rivers case. This man should have use other means to show express his concerns.

Ekiti, nassarawa, plateau now Biafra?

ozo13:
Keep them coming guys....

This your result some how tally with the announcement. I suspect you.

Enugu state result is PDP for Oyo,Ondo,Ogun and Osun. So far GEJ is leading in the southern Nigeria in term of total vote cast. Are you seeing what am saw?

ifeelgood:
Where's Doyin the bastard?

Guy relax. I have seen the ACE in this game.

Ekiti official result APC= 120,331 PDP= 176,466 - PDP
Ogun official result APC = 308,290 PDP = 207,950 - APC

Ekiti first to be officially announced
APC = 120,331votes
PDP = 176,466 votes

Obasanjo is not on twitter. People should be careful with what they post, the result of heating up the polity can be disastrous and will affect everyone. Let be civil.

Don't put your mind on Any online result ooo. Wait for JEGA oooo if you do otherwise, you will have heartbreak and turn yourself to violent tool.

Please I want to know if punch newspaper was the sole media house appointed by INEC to release election results? All the results I have seen online emanetated from them

any Akwa Ibom base fellow should confirm this news for me. is like we have many Jega online releasing result at will.