₦airaland Forum

I AGREE A 100% WITH SENATOR CHRIS ANYANWU ON THE 10%
HOST COMMUNITY FUND.
IT'S AN EMBARRASSMENT ON OUR CONSCIENCE THAT THIS HAS TO BE A SUBJECT OF DEBATE. COMMON SENSE

IF THE NORTH, SPECIFICALLY, THE OIL WELL LICENSE OWNERS ARE AFRAID OF THE LICENCE REVOCATION AT THIS PERIOD IN TIME;
I WOULD CALL A LACK OF BUSINESS INSIGHT.
I WOULD CALL THEM BUSINESS MEN IN DELIRIUM,
SLEEPING ON THEIR BUSINESS FORECAST AND TAKING THE PEOPLE FOR GRANTED.

HERE ARE MY REASONS; A CHILD HAVE CARETAKERS CONTROL HIS ESTATE UNTIL HE GROWS UP, BECOMES AN ADULT AND ABLE TO HANDLE THAT WHICH IS HIS.

NIGER DELTA OIL BELONGS AND ALWAYS BELONGED TO NIGER DELTA WHERE GOD PLACED THAT RESOURCE, BUT BECAUSE THEY WEREN'T MATURE ENOUGH AT THE TIME OF THAT DISCOVERY HAD STRANGERS PLUNDER THAT WHICH BELONGED TO THEM AND NIGERIA.

NIGER DELTANS AND THE SOUTH ARE NOW AWARE AND KINDLY ASKING TO SHARE (NOT TOTALLY TAKE OVER EVERYTHING) AND SOMEBODY IS AFRAID OF WHAT NOW?

AND DID DANJUMA HAVE THE EFFRONTERY TO ASK FOR THE ARREST OF THE YOUNG MEN ASKING FOR WHAT IS THEIRS; (I AM WITH TOMPOLO IN DEMANDING FOR AN OFFICIAL APOLOGY FROM DANJUMA OR OTHERWISE........)

IF DANJUMA IS A SAVVY AND JUST BUSINESS MAN, WOULD ANYONE TELL HIM TO MAKE HAPPY THE PEOPLE, WHOSE WEALTH HE HAS PLUNDERED OVER THE YEARS FOR HIS SELFISH ADVANTAGE?

THE BRITISH GOVERNMENT COLONIZED NIGERIA ALONGSIDE MANY OTHER NATIONS AROUND THE WORLD, MADE THEMSELVES HAPPY WITH THEIR HOSTS NATURAL RESOURCES BUT THEY GAVE AT LEAST WESTERN EDUCATION, WHICH TILL DATE IS APPLAUDABLE; THAT THEY KNEW TO GIVE BACK SOMETHING IN EXCHANGE TO TAKING THE PEOPLE'S WEALTH.

NIGERIAN OIL PLUNDERERS SHOULD HAVE TAKEN THIS LESSON FROM BRITAIN AND OTHER COLONIAL MASTERS, TO AT LEAST GIVE SOMETHING BACK TO THOSE THEY REGARDED AS THEIR ECONOMIC SLAVES. SO THEY HAVE SOMETHING TO SHOW FOR OCCUPATION AFTER THEIR EXIT.

WELL EVERY COLONIAL MASTER LIKE BRITAIN LEFT WHEN THE PEOPLE DEMANDED THEY DO.
THEREFORE EVERY OIL WELL LICENSE OWNER HAVE TO RELINQUISH THEIR LICENSE BECAUSE THE RIGHTFUL OWNERS OF THE ECONOMIC PROPERTY WANT IT SO.
THEY ARE ASKING FOR NEGOTIATIONS WHICH LEAVES THE FORMER OWNERS IN A GOOD PLACE.

BUT WHOEVER IN WHATEVER UMBRELLA; CALL THEM NORTH, EAST, SOUTH OR WEST THINKS IT WOULD BE OTHERWISE; SHOULD KNOW THAT THERE'S MORE COMING.

THE VERDICT:
YOU WILL REALIZE LIKE SENATOR DANJUMA GOJE THAT TIMES HAVE CHANGED; THE PEOPLE HAVE SPOKEN; YOU EITHER LISTEN TO THEM OR GET RELEGATED TO THE SIDELINE, THEREFORE MUST COMPLY WITH THE NEW CONDITIONS.

I AGREE A 100% WITH SENATOR CHRIS ANYANWU ON THE 10%
HOST COMMUNITY FUND.
IT'S AN EMBARRASSMENT ON OUR CONSCIENCE THAT THIS HAS TO BE A SUBJECT OF DEBATE. COMMON HUMAN SENSE TELLS YOU, YOU FEED THE HANDS THAT LABOR FOR YOU; BUT THIS TIME, IT'S CALLED GIVING BACK TO THE LAND THAT ENRICH YOU.
THE 10% HOST COMMUNITY FUND IS NOT NEGOTIABLE.
WE SHOULD ALL REMEMBER THAT ALL THE MINERALS IN THE NORTH SOLELY BELONG TO THEIR HOST COMMUNITIES.
THEREFORE WE MUST NOT SHIFT FROM THE COMPLETE IMPLEMENTATION OF THIS 10% HOST COMMUNITY PROPOSAL.

FINALLY REVOCATION OF THE PREVIOUS LICENSES IS A DONE DEAL, WITH OR WITHOUT PRESIDENT JONATHAN. THE SOONER THE OIL WELL LICENCE OWNERS ACCEPT THIS, THE BETTER FOR ALL AND SUNDRY.

TO EVERYTHING IN LIFE, THERE'S A BEGINNING AND AN ENDING.
THEIR ECONOMIC OCCUPATION OF THE OIL WEALTH HAD A COMMENCEMENT DATE, AND FORTUNATELY, JUST GOT EXPIRED.
WHAT'S THERE TO FIGHT AND STRUGGLE ABOUT; THE RICHES THEY EM MASSED, ISN'T ENOUGH JUST YET?

THERE SHOULD BE FEDERAL CHARACTER REPRESENTED. WHEREBY, NOT MORE THAN 25% OF OIL BLOCKS GO TO A PARTICULAR REGION. EAST, WEST, NORTH AND SOUTH RESPECTIVELY.

THE IMPLEMENTATION OF THIS WOULD BE THE BEGINNING OF MOVING NIGERIA FORWARD AS A NATION WHERE ALL THE CITIZENS ARE RESPECTED AND HAVE SENSE OF BELONGING.

ESTHER CHIKERE.

NORTH FEARS REVOCATION OF OIL WELL LICENCE, WANTS JONATHAN TO BE REMOVED AT ALL COST.

on February 4, 2015 | 0 Comment
News SNN OPINION

AMID a raging debate on the Petroleum Industry
Bill, Chairman of the Senate Committee on
Business and Rules, Senator Ita Enang, on
Wednesday, said that 83 per cent of oil blocks in
the country are owned by Northerners.
“There should be equity and federal character in
the allocation of oil blocks in this country. Eighty-
three per cent of all present oil blocks are held by
northerners,” Enang said on the floor of the
Senate, without any of the senior lawmakers
contradicting him.
Enang, representing Akwa Ibom North-East (Uyo)
Senatorial District, therefore demanded a review of
oil block licences in the country even as other
senators from the South urged him on.
Enang’s disclosures came a day after the debate
on the Petroleum Industry Bill had split the
senators along North-South lines. The senators
held a rowdy session as those from the north
stoutly opposed the provision of 10 per cent Host
Community Fund in the bill.
The provision requires operating companies in the
Niger Delta, home to Nigeria’s vast oil resource,
to pay 10 per cent of their net profits to the fund
for the development of the communities.
Strengthening his submission, Senator Enang
gave a summary of major oil blocks vis-a-vis
their ownership.
Enang said Cavendish Petroleum, the operators of
OML 110, awarded to Alhaji Mai Deribe of Borno
State (North East), makes an average of about
N4bn monthly.
He said, “Seplat/Platform Petroleum, operators of
the ASUOKPU/UMUTU marginal field has Prince
Sanusi Lamido (not former CBN Governor) as a
major
shareholder and Director.
“South Atlantic Petroleum Limited (SAPETRO), was
established by Gen. Theophilus Yakubu Danjuma,
who is also the Chairman of ENI Nigeria Limited.
SAPETRO partnered with Total Upstream Nigeria
Limited (TUPNI) and Brasoil Oil Services Company
Nigeria Lomited to become operators of the OPL
246.
“AMNI International Petroleum and Development
Company is owned by Alhaji (Colonel) Sani Bello
of Kotangora, Niger State. They are operators of
OML 112 and OML 117.
“A former Petroleum minister and former OPEC
chairman, Rilwanu Lukman, another northerner,
manages AMNI oil blocks and with very key
interests in the NNPC/Vitol trading deal.
“Oriental Energy Resources Limited, a company
owned by Alhaji Indimi, runs three oil blocks:
OML 15, the Okwok field and the Ebok field.
“Alhaji Aminu Dantata’s Express Petroleum and
Gas Limited operates OML 108.
“OML 113 allocated to Yinka Folawiyo Petroleum
Limited is owned by Alhaji. W.I. Folawiyo.
“OPL 291 was awarded to Starcrest Energy Nigeria
Limited, owned by Emeka Offor, which was sold
by Starcrest to Addax Petroleum. Emeka Offor still
has a stake in Addax operations in Nigeria.
“Mike Adenuga’s Conoil is the oldest indigenous
oil exploration industry in Nigeria with six oil
blocks;
“Alhaji Saleh Mohammed Gambo’s North East
Petroleum Limited is the holder of the OPL 215
licence. NOREASTER Petroleum was awarded
blocks OPL 276 and OPL 283 and closing
thereupon a Joint Venture Agreement with
Centrica Resources Nigeria Limited and CCC Oil
and Gas.
“INTEL is owned by (Abubakar) Atiku, Yar’Adua
and Ado Bayero and has substantial stakes in
Nigeria’s oil exploration industry, both in Nigeria
and Sao Tome and Principe.
“These need to be looked into, revoked and re-
awarded. The Federal Character which is a
principle applicable in every aspect of our national
existence should also be brought to bear in the
application of our oil blocks, marginal fields and
prospecting licences.”
Enang’s disclosures came amid a consensus
among the lawmakers on the need to let the bill
sail through second reading, while further
legislative work would take care of the
contentious issues.
Enang, who spoke in support of the PIB, also
argued for the retention of the 10 per cent host
community fund, adding that it did not amount to
an additional derivation.
Speaking also in favour of the bill, Senator Chris
Anyanwu (Imo East) said the bill would address
the issue of ccorruption in the oil sector
http://supremenewsng.com/news/north-fears-revocation-of-oil-well-licence-wants-jonathan-to-be-removed-at-all-cost/

I AGREE A 100% WITH SENATOR CHRIS ANYANWU ON THE 10%
HOST COMMUNITY FUND.
IT'S AN EMBARRASSMENT ON OUR CONSCIENCE THAT THIS HAS TO BE A SUBJECT OF DEBATE. COMMON SENSE

IF THE NORTH, SPECIFICALLY, THE OIL WELL LICENSE OWNERS ARE AFRAID OF THE LICENCE REVOCATION AT THIS PERIOD IN TIME;
I WOULD CALL A LACK OF BUSINESS INSIGHT.
I WOULD CALL THEM BUSINESS MEN IN DELIRIUM,
SLEEPING ON THEIR BUSINESS FORECAST AND TAKING THE PEOPLE FOR GRANTED.

HERE ARE MY REASONS; A CHILD HAVE CARETAKERS CONTROL HIS ESTATE UNTIL HE GROWS UP, BECOMES AN ADULT AND ABLE TO HANDLE THAT WHICH IS HIS.

NIGER DELTA OIL BELONGS AND ALWAYS BELONGED TO NIGER DELTA WHERE GOD PLACED THAT RESOURCE, BUT BECAUSE THEY WEREN'T MATURE ENOUGH AT THE TIME OF THAT DISCOVERY HAD STRANGERS PLUNDER THAT WHICH BELONGED TO THEM AND NIGERIA.

NIGER DELTANS AND THE SOUTH ARE NOW AWARE AND KINDLY ASKING TO SHARE (NOT TOTALLY TAKE OVER EVERYTHING) AND SOMEBODY IS AFRAID OF WHAT NOW?

AND DID DANJUMA HAVE THE EFFRONTERY TO ASK FOR THE ARREST OF THE YOUNG MEN ASKING FOR WHAT IS THEIRS; (I AM WITH TOMPOLO IN DEMANDING FOR AN OFFICIAL APOLOGY FROM DANJUMA OR OTHERWISE........)

IF DANJUMA IS A SAVVY AND JUST BUSINESS MAN, WOULD ANYONE TELL HIM TO MAKE HAPPY THE PEOPLE, WHOSE WEALTH HE HAS PLUNDERED OVER THE YEARS FOR HIS SELFISH ADVANTAGE?

THE BRITISH GOVERNMENT COLONIZED NIGERIA ALONGSIDE MANY OTHER NATIONS AROUND THE WORLD, MADE THEMSELVES HAPPY WITH THEIR HOSTS NATURAL RESOURCES BUT THEY GAVE AT LEAST WESTERN EDUCATION, WHICH TILL DATE IS APPLAUDABLE; THAT THEY KNEW TO GIVE BACK SOMETHING IN EXCHANGE TO TAKING THE PEOPLE'S WEALTH.

NIGERIAN OIL PLUNDERERS SHOULD HAVE TAKEN THIS LESSON FROM BRITAIN AND OTHER COLONIAL MASTERS, TO AT LEAST GIVE SOMETHING BACK TO THOSE THEY REGARDED AS THEIR ECONOMIC SLAVES. SO THEY HAVE SOMETHING TO SHOW FOR OCCUPATION AFTER THEIR EXIT.

WELL EVERY COLONIAL MASTER LIKE BRITAIN LEFT WHEN THE PEOPLE DEMANDED THEY DO.
THEREFORE EVERY OIL WELL LICENSE OWNER HAVE TO RELINQUISH THEIR LICENSE BECAUSE THE RIGHTFUL OWNERS OF THE ECONOMIC PROPERTY WANT IT SO.
THEY ARE ASKING FOR NEGOTIATIONS WHICH LEAVES THE FORMER OWNERS IN A GOOD PLACE.

BUT WHOEVER IN WHATEVER UMBRELLA; CALL THEM NORTH, EAST, SOUTH OR WEST THINKS IT WOULD BE OTHERWISE; SHOULD KNOW THAT THERE'S MORE COMING.

THE VERDICT:
YOU WILL REALIZE LIKE SENATOR DANJUMA GOJE THAT TIMES HAVE CHANGED; THE PEOPLE HAVE SPOKEN; YOU EITHER LISTEN TO THEM OR GET RELEGATED TO THE SIDELINE, THEREFORE MUST COMPLY WITH THE NEW CONDITIONS.

I AGREE A 100% WITH SENATOR CHRIS ANYANWU ON THE 10%
HOST COMMUNITY FUND.
IT'S AN EMBARRASSMENT ON OUR CONSCIENCE THAT THIS HAS TO BE A SUBJECT OF DEBATE. COMMON HUMAN SENSE TELLS YOU, YOU FEED THE HANDS THAT LABOR FOR YOU; BUT THIS TIME, IT'S CALLED GIVING BACK TO THE LAND THAT ENRICH YOU.
THE 10% HOST COMMUNITY FUND IS NOT NEGOTIABLE.
WE SHOULD ALL REMEMBER THAT ALL THE MINERALS IN THE NORTH SOLELY BELONG TO THEIR HOST COMMUNITIES.
THEREFORE WE MUST NOT SHIFT FROM THE COMPLETE IMPLEMENTATION OF THIS 10% HOST COMMUNITY PROPOSAL.

FINALLY REVOCATION OF THE PREVIOUS LICENSES IS A DONE DEAL, WITH OR WITHOUT PRESIDENT JONATHAN. THE SOONER THE OIL WELL LICENCE OWNERS ACCEPT THIS, THE BETTER FOR ALL AND SUNDRY.

TO EVERYTHING IN LIFE, THERE'S A BEGINNING AND AN ENDING.
THEIR ECONOMIC OCCUPATION OF THE OIL WEALTH HAD A COMMENCEMENT DATE, AND FORTUNATELY, JUST GOT EXPIRED.
WHAT'S THERE TO FIGHT AND STRUGGLE ABOUT; THE RICHES THEY EM MASSED, ISN'T ENOUGH JUST YET?

THERE SHOULD BE FEDERAL CHARACTER REPRESENTED. WHEREBY, NOT MORE THAN 25% OF OIL BLOCKS GO TO A PARTICULAR REGION. EAST, WEST, NORTH AND SOUTH RESPECTIVELY.

THE IMPLEMENTATION OF THIS WOULD BE THE BEGINNING OF MOVING NIGERIA FORWARD AS A NATION WHERE ALL THE CITIZENS ARE RESPECTED AND HAVE SENSE OF BELONGING.

ESTHER CHIKERE.

NORTH FEARS REVOCATION OF OIL WELL LICENCE, WANTS JONATHAN TO BE REMOVED AT ALL COST.

on February 4, 2015 | 0 Comment
News SNN OPINION

AMID a raging debate on the Petroleum Industry
Bill, Chairman of the Senate Committee on
Business and Rules, Senator Ita Enang, on
Wednesday, said that 83 per cent of oil blocks in
the country are owned by Northerners.
“There should be equity and federal character in
the allocation of oil blocks in this country. Eighty-
three per cent of all present oil blocks are held by
northerners,” Enang said on the floor of the
Senate, without any of the senior lawmakers
contradicting him.
Enang, representing Akwa Ibom North-East (Uyo)
Senatorial District, therefore demanded a review of
oil block licences in the country even as other
senators from the South urged him on.
Enang’s disclosures came a day after the debate
on the Petroleum Industry Bill had split the
senators along North-South lines. The senators
held a rowdy session as those from the north
stoutly opposed the provision of 10 per cent Host
Community Fund in the bill.
The provision requires operating companies in the
Niger Delta, home to Nigeria’s vast oil resource,
to pay 10 per cent of their net profits to the fund
for the development of the communities.
Strengthening his submission, Senator Enang
gave a summary of major oil blocks vis-a-vis
their ownership.
Enang said Cavendish Petroleum, the operators of
OML 110, awarded to Alhaji Mai Deribe of Borno
State (North East), makes an average of about
N4bn monthly.
He said, “Seplat/Platform Petroleum, operators of
the ASUOKPU/UMUTU marginal field has Prince
Sanusi Lamido (not former CBN Governor) as a
major
shareholder and Director.
“South Atlantic Petroleum Limited (SAPETRO), was
established by Gen. Theophilus Yakubu Danjuma,
who is also the Chairman of ENI Nigeria Limited.
SAPETRO partnered with Total Upstream Nigeria
Limited (TUPNI) and Brasoil Oil Services Company
Nigeria Lomited to become operators of the OPL
246.
“AMNI International Petroleum and Development
Company is owned by Alhaji (Colonel) Sani Bello
of Kotangora, Niger State. They are operators of
OML 112 and OML 117.
“A former Petroleum minister and former OPEC
chairman, Rilwanu Lukman, another northerner,
manages AMNI oil blocks and with very key
interests in the NNPC/Vitol trading deal.
“Oriental Energy Resources Limited, a company
owned by Alhaji Indimi, runs three oil blocks:
OML 15, the Okwok field and the Ebok field.
“Alhaji Aminu Dantata’s Express Petroleum and
Gas Limited operates OML 108.
“OML 113 allocated to Yinka Folawiyo Petroleum
Limited is owned by Alhaji. W.I. Folawiyo.
“OPL 291 was awarded to Starcrest Energy Nigeria
Limited, owned by Emeka Offor, which was sold
by Starcrest to Addax Petroleum. Emeka Offor still
has a stake in Addax operations in Nigeria.
“Mike Adenuga’s Conoil is the oldest indigenous
oil exploration industry in Nigeria with six oil
blocks;
“Alhaji Saleh Mohammed Gambo’s North East
Petroleum Limited is the holder of the OPL 215
licence. NOREASTER Petroleum was awarded
blocks OPL 276 and OPL 283 and closing
thereupon a Joint Venture Agreement with
Centrica Resources Nigeria Limited and CCC Oil
and Gas.
“INTEL is owned by (Abubakar) Atiku, Yar’Adua
and Ado Bayero and has substantial stakes in
Nigeria’s oil exploration industry, both in Nigeria
and Sao Tome and Principe.
“These need to be looked into, revoked and re-
awarded. The Federal Character which is a
principle applicable in every aspect of our national
existence should also be brought to bear in the
application of our oil blocks, marginal fields and
prospecting licences.”
Enang’s disclosures came amid a consensus
among the lawmakers on the need to let the bill
sail through second reading, while further
legislative work would take care of the
contentious issues.
Enang, who spoke in support of the PIB, also
argued for the retention of the 10 per cent host
community fund, adding that it did not amount to
an additional derivation.
Speaking also in favour of the bill, Senator Chris
Anyanwu (Imo East) said the bill would address
the issue of corruption in the oil sector
http://supremenewsng.com/news/north-fears-revocation-of-oil-well-licence-wants-jonathan-to-be-removed-at-all-cost/

I AGREE A 100% WITH SENATOR CHRIS ANYANWU ON THE 10%
HOST COMMUNITY FUND.
IT'S AN EMBARRASSMENT ON OUR CONSCIENCE THAT THIS HAS TO BE A SUBJECT OF DEBATE. COMMON SENSE

IF THE NORTH, SPECIFICALLY, THE OIL WELL LICENSE OWNERS ARE AFRAID OF THE LICENCE REVOCATION AT THIS PERIOD IN TIME;
I WOULD CALL A LACK OF BUSINESS INSIGHT.
I WOULD CALL THEM BUSINESS MEN IN DELIRIUM,
SLEEPING ON THEIR BUSINESS FORECAST AND TAKING THE PEOPLE FOR GRANTED.

HERE ARE MY REASONS; A CHILD HAVE CARETAKERS CONTROL HIS ESTATE UNTIL HE GROWS UP, BECOMES AN ADULT AND ABLE TO HANDLE THAT WHICH IS HIS.

NIGER DELTA OIL BELONGS AND ALWAYS BELONGED TO NIGER DELTA WHERE GOD PLACED THAT RESOURCE, BUT BECAUSE THEY WEREN'T MATURE ENOUGH AT THE TIME OF THAT DISCOVERY HAD STRANGERS PLUNDER THAT WHICH BELONGED TO THEM AND NIGERIA.

NIGER DELTANS AND THE SOUTH ARE NOW AWARE AND KINDLY ASKING TO SHARE (NOT TOTALLY TAKE OVER EVERYTHING) AND SOMEBODY IS AFRAID OF WHAT NOW?

AND DID DANJUMA HAVE THE EFFRONTERY TO ASK FOR THE ARREST OF THE YOUNG MEN ASKING FOR WHAT IS THEIRS; (I AM WITH TOMPOLO IN DEMANDING FOR AN OFFICIAL APOLOGY FROM DANJUMA OR OTHERWISE........)

IF DANJUMA IS A SAVVY AND JUST BUSINESS MAN, WOULD ANYONE TELL HIM TO MAKE HAPPY THE PEOPLE, WHOSE WEALTH HE HAS PLUNDERED OVER THE YEARS FOR HIS SELFISH ADVANTAGE?

THE BRITISH GOVERNMENT COLONIZED NIGERIA ALONGSIDE MANY OTHER NATIONS AROUND THE WORLD, MADE THEMSELVES HAPPY WITH THEIR HOSTS NATURAL RESOURCES BUT THEY GAVE AT LEAST WESTERN EDUCATION, WHICH TILL DATE IS APPLAUDABLE; THAT THEY KNEW TO GIVE BACK SOMETHING IN EXCHANGE TO TAKING THE PEOPLE'S WEALTH.

NIGERIAN OIL PLUNDERERS SHOULD HAVE TAKEN THIS LESSON FROM BRITAIN AND OTHER COLONIAL MASTERS, TO AT LEAST GIVE SOMETHING BACK TO THOSE THEY REGARDED AS THEIR ECONOMIC SLAVES. SO THEY HAVE SOMETHING TO SHOW FOR OCCUPATION AFTER THEIR EXIT.

WELL EVERY COLONIAL MASTER LIKE BRITAIN LEFT WHEN THE PEOPLE DEMANDED THEY DO.
THEREFORE EVERY OIL WELL LICENSE OWNER HAVE TO RELINQUISH THEIR LICENSE BECAUSE THE RIGHTFUL OWNERS OF THE ECONOMIC PROPERTY WANT IT SO.
THEY ARE ASKING FOR NEGOTIATIONS WHICH LEAVES THE FORMER OWNERS IN A GOOD PLACE.

BUT WHOEVER IN WHATEVER UMBRELLA; CALL THEM NORTH, EAST, SOUTH OR WEST THINKS IT WOULD BE OTHERWISE; SHOULD KNOW THAT THERE'S MORE COMING.

THE VERDICT:
YOU WILL REALIZE LIKE SENATOR DANJUMA GOJE THAT TIMES HAVE CHANGED; THE PEOPLE HAVE SPOKEN; YOU EITHER LISTEN TO THEM OR GET RELEGATED TO THE SIDELINE, THEREFORE MUST COMPLY WITH THE NEW CONDITIONS.

I AGREE A 100% WITH SENATOR CHRIS ANYANWU ON THE 10%
HOST COMMUNITY FUND.
IT'S AN EMBARRASSMENT ON OUR CONSCIENCE THAT THIS HAS TO BE A SUBJECT OF DEBATE. COMMON HUMAN SENSE TELLS YOU, YOU FEED THE HANDS THAT LABOR FOR YOU; BUT THIS TIME, IT'S CALLED GIVING BACK TO THE LAND THAT ENRICH YOU.
THE 10% HOST COMMUNITY FUND IS NOT NEGOTIABLE.
WE SHOULD ALL REMEMBER THAT ALL THE MINERALS IN THE NORTH SOLELY BELONG TO THEIR HOST COMMUNITIES.
THEREFORE WE MUST NOT SHIFT FROM THE COMPLETE IMPLEMENTATION OF THIS 10% HOST COMMUNITY PROPOSAL.

FINALLY REVOCATION OF THE PREVIOUS LICENSES IS A DONE DEAL, WITH OR WITHOUT PRESIDENT JONATHAN. THE SOONER THE OIL WELL LICENCE OWNERS ACCEPT THIS, THE BETTER FOR ALL AND SUNDRY.

TO EVERYTHING IN LIFE, THERE'S A BEGINNING AND AN ENDING.
THEIR ECONOMIC OCCUPATION OF THE OIL WEALTH HAD A COMMENCEMENT DATE, AND FORTUNATELY, JUST GOT EXPIRED.
WHAT'S THERE TO FIGHT AND STRUGGLE ABOUT; THE RICHES THEY EM MASSED, ISN'T ENOUGH JUST YET?

THERE SHOULD BE FEDERAL CHARACTER REPRESENTED. WHEREBY, NOT MORE THAN 25% OF OIL BLOCKS GO TO A PARTICULAR REGION. EAST, WEST, NORTH AND SOUTH RESPECTIVELY.

THE IMPLEMENTATION OF THIS WOULD BE THE BEGINNING OF MOVING NIGERIA FORWARD AS A NATION WHERE ALL THE CITIZENS ARE RESPECTED AND HAVE SENSE OF BELONGING.

ESTHER CHIKERE.

NORTH FEARS REVOCATION OF OIL WELL LICENCE, WANTS JONATHAN TO BE REMOVED AT ALL COST.

on February 4, 2015 | 0 Comment
News SNN OPINION

AMID a raging debate on the Petroleum Industry
Bill, Chairman of the Senate Committee on
Business and Rules, Senator Ita Enang, on
Wednesday, said that 83 per cent of oil blocks in
the country are owned by Northerners.
“There should be equity and federal character in
the allocation of oil blocks in this country. Eighty-
three per cent of all present oil blocks are held by
northerners,” Enang said on the floor of the
Senate, without any of the senior lawmakers
contradicting him.
Enang, representing Akwa Ibom North-East (Uyo)
Senatorial District, therefore demanded a review of
oil block licences in the country even as other
senators from the South urged him on.
Enang’s disclosures came a day after the debate
on the Petroleum Industry Bill had split the
senators along North-South lines. The senators
held a rowdy session as those from the north
stoutly opposed the provision of 10 per cent Host
Community Fund in the bill.
The provision requires operating companies in the
Niger Delta, home to Nigeria’s vast oil resource,
to pay 10 per cent of their net profits to the fund
for the development of the communities.
Strengthening his submission, Senator Enang
gave a summary of major oil blocks vis-a-vis
their ownership.
Enang said Cavendish Petroleum, the operators of
OML 110, awarded to Alhaji Mai Deribe of Borno
State (North East), makes an average of about
N4bn monthly.
He said, “Seplat/Platform Petroleum, operators of
the ASUOKPU/UMUTU marginal field has Prince
Sanusi Lamido (not former CBN Governor) as a
major
shareholder and Director.
“South Atlantic Petroleum Limited (SAPETRO), was
established by Gen. Theophilus Yakubu Danjuma,
who is also the Chairman of ENI Nigeria Limited.
SAPETRO partnered with Total Upstream Nigeria
Limited (TUPNI) and Brasoil Oil Services Company
Nigeria Lomited to become operators of the OPL
246.
“AMNI International Petroleum and Development
Company is owned by Alhaji (Colonel) Sani Bello
of Kotangora, Niger State. They are operators of
OML 112 and OML 117.
“A former Petroleum minister and former OPEC
chairman, Rilwanu Lukman, another northerner,
manages AMNI oil blocks and with very key
interests in the NNPC/Vitol trading deal.
“Oriental Energy Resources Limited, a company
owned by Alhaji Indimi, runs three oil blocks:
OML 15, the Okwok field and the Ebok field.
“Alhaji Aminu Dantata’s Express Petroleum and
Gas Limited operates OML 108.
“OML 113 allocated to Yinka Folawiyo Petroleum
Limited is owned by Alhaji. W.I. Folawiyo.
“OPL 291 was awarded to Starcrest Energy Nigeria
Limited, owned by Emeka Offor, which was sold
by Starcrest to Addax Petroleum. Emeka Offor still
has a stake in Addax operations in Nigeria.
“Mike Adenuga’s Conoil is the oldest indigenous
oil exploration industry in Nigeria with six oil
blocks;
“Alhaji Saleh Mohammed Gambo’s North East
Petroleum Limited is the holder of the OPL 215
licence. NOREASTER Petroleum was awarded
blocks OPL 276 and OPL 283 and closing
thereupon a Joint Venture Agreement with
Centrica Resources Nigeria Limited and CCC Oil
and Gas.
“INTEL is owned by (Abubakar) Atiku, Yar’Adua
and Ado Bayero and has substantial stakes in
Nigeria’s oil exploration industry, both in Nigeria
and Sao Tome and Principe.
“These need to be looked into, revoked and re-
awarded. The Federal Character which is a
principle applicable in every aspect of our national
existence should also be brought to bear in the
application of our oil blocks, marginal fields and
prospecting licences.”
Enang’s disclosures came amid a consensus
among the lawmakers on the need to let the bill
sail through second reading, while further
legislative work would take care of the
contentious issues.
Enang, who spoke in support of the PIB, also
argued for the retention of the 10 per cent host
community fund, adding that it did not amount to
an additional derivation.
Speaking also in favour of the bill, Senator Chris
Anyanwu (Imo East) said the bill would address
the issue of ccorruptionin the oil sector
http://supremenewsng.com/news/north-fears-revocation-of-oil-well-licence-wants-jonathan-to-be-removed-at-all-cost/

That's why Jonathan is by all means has gathered hatred to himself by ill minded politicians
There will be a bidding process to be held some months after election

Oil Wells
06:07:00 pm, by admin , 1697 words
Categories: News, Nigerian News, World News, African News, African Issue, Tellers and Global Viewers


*How Babangida, Abacha, Obasanjo Shared Nigeria's Oil Wells
-Masterweb Reports (Submission By Obinna Akukwe)
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. ( Continues below..... )

Photo Above: Nigerian Presidecies Fraud Alert Symbol
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. ( Continues below..... )

Photo Above: Late Sanni Abacha
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

I AGREE A 100% WITH SENATOR CHRIS ANYANWU ON THE 10%
HOST COMMUNITY FUND.
IT'S AN EMBARRASSMENT ON OUR CONSCIENCE THAT THIS HAS TO BE A SUBJECT OF DEBATE. COMMON SENSE

IF THE NORTH, SPECIFICALLY, THE OIL WELL LICENSE OWNERS ARE AFRAID OF THE LICENCE REVOCATION AT THIS PERIOD IN TIME;
I WOULD CALL A LACK OF BUSINESS INSIGHT.
I WOULD CALL THEM BUSINESS MEN IN DELIRIUM,
SLEEPING ON THEIR BUSINESS FORECAST AND TAKING THE PEOPLE FOR GRANTED.

HERE ARE MY REASONS; A CHILD HAVE CARETAKERS CONTROL HIS ESTATE UNTIL HE GROWS UP, BECOMES AN ADULT AND ABLE TO HANDLE THAT WHICH IS HIS.

NIGER DELTA OIL BELONGS AND ALWAYS BELONGED TO NIGER DELTA WHERE GOD PLACED THAT RESOURCE, BUT BECAUSE THEY WEREN'T MATURE ENOUGH AT THE TIME OF THAT DISCOVERY HAD STRANGERS PLUNDER THAT WHICH BELONGED TO THEM AND NIGERIA.

NIGER DELTANS AND THE SOUTH ARE NOW AWARE AND KINDLY ASKING TO SHARE (NOT TOTALLY TAKE OVER EVERYTHING) AND SOMEBODY IS AFRAID OF WHAT NOW?

AND DID DANJUMA HAVE THE EFFRONTERY TO ASK FOR THE ARREST OF THE YOUNG MEN ASKING FOR WHAT IS THEIRS; (I AM WITH TOMPOLO IN DEMANDING FOR AN OFFICIAL APOLOGY FROM DANJUMA OR OTHERWISE........)

IF DANJUMA IS A SAVVY AND JUST BUSINESS MAN, WOULD ANYONE TELL HIM TO MAKE HAPPY THE PEOPLE, WHOSE WEALTH HE HAS PLUNDERED OVER THE YEARS FOR HIS SELFISH ADVANTAGE?

THE BRITISH GOVERNMENT COLONIZED NIGERIA ALONGSIDE MANY OTHER NATIONS AROUND THE WORLD, MADE THEMSELVES HAPPY WITH THEIR HOSTS NATURAL RESOURCES BUT THEY GAVE AT LEAST WESTERN EDUCATION, WHICH TILL DATE IS APPLAUDABLE; THAT THEY KNEW TO GIVE BACK SOMETHING IN EXCHANGE TO TAKING THE PEOPLE'S WEALTH.

NIGERIAN OIL PLUNDERERS SHOULD HAVE TAKEN THIS LESSON FROM BRITAIN AND OTHER COLONIAL MASTERS, TO AT LEAST GIVE SOMETHING BACK TO THOSE THEY REGARDED AS THEIR ECONOMIC SLAVES. SO THEY HAVE SOMETHING TO SHOW FOR OCCUPATION AFTER THEIR EXIT.

WELL EVERY COLONIAL MASTER LIKE BRITAIN LEFT WHEN THE PEOPLE DEMANDED THEY DO.
THEREFORE EVERY OIL WELL LICENSE OWNER HAVE TO RELINQUISH THEIR LICENSE BECAUSE THE RIGHTFUL OWNERS OF THE ECONOMIC PROPERTY WANT IT SO.
THEY ARE ASKING FOR NEGOTIATIONS WHICH LEAVES THE FORMER OWNERS IN A GOOD PLACE.

BUT WHOEVER IN WHATEVER UMBRELLA; CALL THEM NORTH, EAST, SOUTH OR WEST THINKS IT WOULD BE OTHERWISE; SHOULD KNOW THAT THERE'S MORE COMING.

THE VERDICT:
YOU WILL REALIZE LIKE SENATOR DANJUMA GOJE THAT TIMES HAVE CHANGED; THE PEOPLE HAVE SPOKEN; YOU EITHER LISTEN TO THEM OR GET RELEGATED TO THE SIDELINE, THEREFORE MUST COMPLY WITH THE NEW CONDITIONS.

I AGREE A 100% WITH SENATOR CHRIS ANYANWU ON THE 10%
HOST COMMUNITY FUND.
IT'S AN EMBARRASSMENT ON OUR CONSCIENCE THAT THIS HAS TO BE A SUBJECT OF DEBATE. COMMON HUMAN SENSE TELLS YOU, YOU FEED THE HANDS THAT LABOR FOR YOU; BUT THIS TIME, IT'S CALLED GIVING BACK TO THE LAND THAT ENRICH YOU.
THE 10% HOST COMMUNITY FUND IS NOT NEGOTIABLE.
WE SHOULD ALL REMEMBER THAT ALL THE MINERALS IN THE NORTH SOLELY BELONG TO THEIR HOST COMMUNITIES.
THEREFORE WE MUST NOT SHIFT FROM THE COMPLETE IMPLEMENTATION OF THIS 10% HOST COMMUNITY PROPOSAL.

FINALLY REVOCATION OF THE PREVIOUS LICENSES IS A DONE DEAL, WITH OR WITHOUT PRESIDENT JONATHAN. THE SOONER THE OIL WELL LICENCE OWNERS ACCEPT THIS, THE BETTER FOR ALL AND SUNDRY.

TO EVERYTHING IN LIFE, THERE'S A BEGINNING AND AN ENDING.
THEIR ECONOMIC OCCUPATION OF THE OIL WEALTH HAD A COMMENCEMENT DATE, AND FORTUNATELY, JUST GOT EXPIRED.
WHAT'S THERE TO FIGHT AND STRUGGLE ABOUT; THE RICHES THEY EM MASSED, ISN'T ENOUGH JUST YET?

THERE SHOULD BE FEDERAL CHARACTER REPRESENTED. WHEREBY, NOT MORE THAN 25% OF OIL BLOCKS GO TO A PARTICULAR REGION. EAST, WEST, NORTH AND SOUTH RESPECTIVELY.

THE IMPLEMENTATION OF THIS WOULD BE THE BEGINNING OF MOVING NIGERIA FORWARD AS A NATION WHERE ALL THE CITIZENS ARE RESPECTED AND HAVE SENSE OF BELONGING.

ESTHER CHIKERE.

NORTH FEARS REVOCATION OF OIL WELL LICENCE, WANTS JONATHAN TO BE REMOVED AT ALL COST.

on February 4, 2015 | 0 Comment
News SNN OPINION

AMID a raging debate on the Petroleum Industry
Bill, Chairman of the Senate Committee on
Business and Rules, Senator Ita Enang, on
Wednesday, said that 83 per cent of oil blocks in
the country are owned by Northerners.
“There should be equity and federal character in
the allocation of oil blocks in this country. Eighty-
three per cent of all present oil blocks are held by
northerners,” Enang said on the floor of the
Senate, without any of the senior lawmakers
contradicting him.
Enang, representing Akwa Ibom North-East (Uyo)
Senatorial District, therefore demanded a review of
oil block licences in the country even as other
senators from the South urged him on.
Enang’s disclosures came a day after the debate
on the Petroleum Industry Bill had split the
senators along North-South lines. The senators
held a rowdy session as those from the north
stoutly opposed the provision of 10 per cent Host
Community Fund in the bill.
The provision requires operating companies in the
Niger Delta, home to Nigeria’s vast oil resource,
to pay 10 per cent of their net profits to the fund
for the development of the communities.
Strengthening his submission, Senator Enang
gave a summary of major oil blocks vis-a-vis
their ownership.
Enang said Cavendish Petroleum, the operators of
OML 110, awarded to Alhaji Mai Deribe of Borno
State (North East), makes an average of about
N4bn monthly.
He said, “Seplat/Platform Petroleum, operators of
the ASUOKPU/UMUTU marginal field has Prince
Sanusi Lamido (not former CBN Governor) as a
major
shareholder and Director.
“South Atlantic Petroleum Limited (SAPETRO), was
established by Gen. Theophilus Yakubu Danjuma,
who is also the Chairman of ENI Nigeria Limited.
SAPETRO partnered with Total Upstream Nigeria
Limited (TUPNI) and Brasoil Oil Services Company
Nigeria Lomited to become operators of the OPL
246.
“AMNI International Petroleum and Development
Company is owned by Alhaji (Colonel) Sani Bello
of Kotangora, Niger State. They are operators of
OML 112 and OML 117.
“A former Petroleum minister and former OPEC
chairman, Rilwanu Lukman, another northerner,
manages AMNI oil blocks and with very key
interests in the NNPC/Vitol trading deal.
“Oriental Energy Resources Limited, a company
owned by Alhaji Indimi, runs three oil blocks:
OML 15, the Okwok field and the Ebok field.
“Alhaji Aminu Dantata’s Express Petroleum and
Gas Limited operates OML 108.
“OML 113 allocated to Yinka Folawiyo Petroleum
Limited is owned by Alhaji. W.I. Folawiyo.
“OPL 291 was awarded to Starcrest Energy Nigeria
Limited, owned by Emeka Offor, which was sold
by Starcrest to Addax Petroleum. Emeka Offor still
has a stake in Addax operations in Nigeria.
“Mike Adenuga’s Conoil is the oldest indigenous
oil exploration industry in Nigeria with six oil
blocks;
“Alhaji Saleh Mohammed Gambo’s North East
Petroleum Limited is the holder of the OPL 215
licence. NOREASTER Petroleum was awarded
blocks OPL 276 and OPL 283 and closing
thereupon a Joint Venture Agreement with
Centrica Resources Nigeria Limited and CCC Oil
and Gas.
“INTEL is owned by (Abubakar) Atiku, Yar’Adua
and Ado Bayero and has substantial stakes in
Nigeria’s oil exploration industry, both in Nigeria
and Sao Tome and Principe.
“These need to be looked into, revoked and re-
awarded. The Federal Character which is a
principle applicable in every aspect of our national
existence should also be brought to bear in the
application of our oil blocks, marginal fields and
prospecting licences.”
Enang’s disclosures came amid a consensus
among the lawmakers on the need to let the bill
sail through second reading, while further
legislative work would take care of the
contentious issues.
Enang, who spoke in support of the PIB, also
argued for the retention of the 10 per cent host
community fund, adding that it did not amount to
an additional derivation.
Speaking also in favour of the bill, Senator Chris
Anyanwu (Imo East) said the bill would address
the issue of ccorruption in the oil sector
http://supremenewsng.com/news/north-fears-revocation-of-oil-well-licence-wants-jonathan-to-be-removed-at-all-cost/

Am tired of posting links my head has been bombed and and has expanded by 22 sq meter by this revelation.

NORTH FEARS REVOCATION OF OIL WELL LICENCE, WANTS JONATHAN TO BE REMOVED AT ALL COST.

on February 4, 2015 | 0 Comment
News SNN OPINION

AMID a raging debate on the Petroleum Industry
Bill, Chairman of the Senate Committee on
Business and Rules, Senator Ita Enang, on
Wednesday, said that 83 per cent of oil blocks in
the country are owned by Northerners.
“There should be equity and federal character in
the allocation of oil blocks in this country. Eighty-
three per cent of all present oil blocks are held by
northerners,” Enang said on the floor of the
Senate, without any of the senior lawmakers
contradicting him.
Enang, representing Akwa Ibom North-East (Uyo)
Senatorial District, therefore demanded a review of
oil block licences in the country even as other
senators from the South urged him on.
Enang’s disclosures came a day after the debate
on the Petroleum Industry Bill had split the
senators along North-South lines. The senators
held a rowdy session as those from the north
stoutly opposed the provision of 10 per cent Host
Community Fund in the bill.
The provision requires operating companies in the
Niger Delta, home to Nigeria’s vast oil resource,
to pay 10 per cent of their net profits to the fund
for the development of the communities.
Strengthening his submission, Senator Enang
gave a summary of major oil blocks vis-a-vis
their ownership.
Enang said Cavendish Petroleum, the operators of
OML 110, awarded to Alhaji Mai Deribe of Borno
State (North East), makes an average of about
N4bn monthly.
He said, “Seplat/Platform Petroleum, operators of
the ASUOKPU/UMUTU marginal field has Prince
Sanusi Lamido (not former CBN Governor) as a
major
shareholder and Director.
“South Atlantic Petroleum Limited (SAPETRO), was
established by Gen. Theophilus Yakubu Danjuma,
who is also the Chairman of ENI Nigeria Limited.
SAPETRO partnered with Total Upstream Nigeria
Limited (TUPNI) and Brasoil Oil Services Company
Nigeria Lomited to become operators of the OPL
246.
“AMNI International Petroleum and Development
Company is owned by Alhaji (Colonel) Sani Bello
of Kotangora, Niger State. They are operators of
OML 112 and OML 117.
“A former Petroleum minister and former OPEC
chairman, Rilwanu Lukman, another northerner,
manages AMNI oil blocks and with very key
interests in the NNPC/Vitol trading deal.
“Oriental Energy Resources Limited, a company
owned by Alhaji Indimi, runs three oil blocks:
OML 15, the Okwok field and the Ebok field.
“Alhaji Aminu Dantata’s Express Petroleum and
Gas Limited operates OML 108.
“OML 113 allocated to Yinka Folawiyo Petroleum
Limited is owned by Alhaji. W.I. Folawiyo.
“OPL 291 was awarded to Starcrest Energy Nigeria
Limited, owned by Emeka Offor, which was sold
by Starcrest to Addax Petroleum. Emeka Offor still
has a stake in Addax operations in Nigeria.
“Mike Adenuga’s Conoil is the oldest indigenous
oil exploration industry in Nigeria with six oil
blocks;
“Alhaji Saleh Mohammed Gambo’s North East
Petroleum Limited is the holder of the OPL 215
licence. NOREASTER Petroleum was awarded
blocks OPL 276 and OPL 283 and closing
thereupon a Joint Venture Agreement with
Centrica Resources Nigeria Limited and CCC Oil
and Gas.
“INTEL is owned by (Abubakar) Atiku, Yar’Adua
and Ado Bayero and has substantial stakes in
Nigeria’s oil exploration industry, both in Nigeria
and Sao Tome and Principe.
“These need to be looked into, revoked and re-
awarded. The Federal Character which is a
principle applicable in every aspect of our national
existence should also be brought to bear in the
application of our oil blocks, marginal fields and
prospecting licences.”
Enang’s disclosures came amid a consensus
among the lawmakers on the need to let the bill
sail through second reading, while further
legislative work would take care of the
contentious issues.
Enang, who spoke in support of the PIB, also
argued for the retention of the 10 per cent host
community fund, adding that it did not amount to
an additional derivation.
Speaking also in favour of the bill, Senator Chris
Anyanwu (Imo East) said the bill would address
the issue of corruption in the oil sector
http://supremenewsng.com/news/north-fears-revocation-of-oil-well-licence-wants-jonathan-to-be-removed-at-all-cost/

I AGREE A 100% WITH SENATOR CHRIS ANYANWU ON THE 10%
HOST COMMUNITY FUND.
IT'S AN EMBARRASSMENT ON OUR CONSCIENCE THAT THIS HAS TO BE A SUBJECT OF DEBATE. COMMON SENSE

IF THE NORTH, SPECIFICALLY, THE OIL WELL LICENSE OWNERS ARE AFRAID OF THE LICENCE REVOCATION AT THIS PERIOD IN TIME;
I WOULD CALL A LACK OF BUSINESS INSIGHT.
I WOULD CALL THEM BUSINESS MEN IN DELIRIUM,
SLEEPING ON THEIR BUSINESS FORECAST AND TAKING THE PEOPLE FOR GRANTED.

HERE ARE MY REASONS; A CHILD HAVE CARETAKERS CONTROL HIS ESTATE UNTIL HE GROWS UP, BECOMES AN ADULT AND ABLE TO HANDLE THAT WHICH IS HIS.

NIGER DELTA OIL BELONGS AND ALWAYS BELONGED TO NIGER DELTA WHERE GOD PLACED THAT RESOURCE, BUT BECAUSE THEY WEREN'T MATURE ENOUGH AT THE TIME OF THAT DISCOVERY HAD STRANGERS PLUNDER THAT WHICH BELONGED TO THEM AND NIGERIA.

NIGER DELTANS AND THE SOUTH ARE NOW AWARE AND KINDLY ASKING TO SHARE (NOT TOTALLY TAKE OVER EVERYTHING) AND SOMEBODY IS AFRAID OF WHAT NOW?

AND DID DANJUMA HAVE THE EFFRONTERY TO ASK FOR THE ARREST OF THE YOUNG MEN ASKING FOR WHAT IS THEIRS; (I AM WITH TOMPOLO IN DEMANDING FOR AN OFFICIAL APOLOGY FROM DANJUMA OR OTHERWISE........)

IF DANJUMA IS A SAVVY AND JUST BUSINESS MAN, WOULD ANYONE TELL HIM TO MAKE HAPPY THE PEOPLE, WHOSE WEALTH HE HAS PLUNDERED OVER THE YEARS FOR HIS SELFISH ADVANTAGE?

THE BRITISH GOVERNMENT COLONIZED NIGERIA ALONGSIDE MANY OTHER NATIONS AROUND THE WORLD, MADE THEMSELVES HAPPY WITH THEIR HOSTS NATURAL RESOURCES BUT THEY GAVE AT LEAST WESTERN EDUCATION, WHICH TILL DATE IS APPLAUDABLE; THAT THEY KNEW TO GIVE BACK SOMETHING IN EXCHANGE TO TAKING THE PEOPLE'S WEALTH.

NIGERIAN OIL PLUNDERERS SHOULD HAVE TAKEN THIS LESSON FROM BRITAIN AND OTHER COLONIAL MASTERS, TO AT LEAST GIVE SOMETHING BACK TO THOSE THEY REGARDED AS THEIR ECONOMIC SLAVES. SO THEY HAVE SOMETHING TO SHOW FOR OCCUPATION AFTER THEIR EXIT.

WELL EVERY COLONIAL MASTER LIKE BRITAIN LEFT WHEN THE PEOPLE DEMANDED THEY DO.
THEREFORE EVERY OIL WELL LICENSE OWNER HAVE TO RELINQUISH THEIR LICENSE BECAUSE THE RIGHTFUL OWNERS OF THE ECONOMIC PROPERTY WANT IT SO.
THEY ARE ASKING FOR NEGOTIATIONS WHICH LEAVES THE FORMER OWNERS IN A GOOD PLACE.

BUT WHOEVER IN WHATEVER UMBRELLA; CALL THEM NORTH, EAST, SOUTH OR WEST THINKS IT WOULD BE OTHERWISE; SHOULD KNOW THAT THERE'S MORE COMING.

THE VERDICT:
YOU WILL REALIZE LIKE SENATOR DANJUMA GOJE THAT TIMES HAVE CHANGED; THE PEOPLE HAVE SPOKEN; YOU EITHER LISTEN TO THEM OR GET RELEGATED TO THE SIDELINE, THEREFORE MUST COMPLY WITH THE NEW CONDITIONS.

I AGREE A 100% WITH SENATOR CHRIS ANYANWU ON THE 10%
HOST COMMUNITY FUND.
IT'S AN EMBARRASSMENT ON OUR CONSCIENCE THAT THIS HAS TO BE A SUBJECT OF DEBATE. COMMON HUMAN SENSE TELLS YOU, YOU FEED THE HANDS THAT LABOR FOR YOU; BUT THIS TIME, IT'S CALLED GIVING BACK TO THE LAND THAT ENRICH YOU.
THE 10% HOST COMMUNITY FUND IS NOT NEGOTIABLE.
WE SHOULD ALL REMEMBER THAT ALL THE MINERALS IN THE NORTH SOLELY BELONG TO THEIR HOST COMMUNITIES.
THEREFORE WE MUST NOT SHIFT FROM THE COMPLETE IMPLEMENTATION OF THIS 10% HOST COMMUNITY PROPOSAL.

FINALLY REVOCATION OF THE PREVIOUS LICENSES IS A DONE DEAL, WITH OR WITHOUT PRESIDENT JONATHAN. THE SOONER THE OIL WELL LICENCE OWNERS ACCEPT THIS, THE BETTER FOR ALL AND SUNDRY.

TO EVERYTHING IN LIFE, THERE'S A BEGINNING AND AN ENDING.
THEIR ECONOMIC OCCUPATION OF THE OIL WEALTH HAD A COMMENCEMENT DATE, AND FORTUNATELY, JUST GOT EXPIRED.
WHAT'S THERE TO FIGHT AND STRUGGLE ABOUT; THE RICHES THEY EM MASSED, ISN'T ENOUGH JUST YET?

THERE SHOULD BE FEDERAL CHARACTER REPRESENTED. WHEREBY, NOT MORE THAN 25% OF OIL BLOCKS GO TO A PARTICULAR REGION. EAST, WEST, NORTH AND SOUTH RESPECTIVELY.

THE IMPLEMENTATION OF THIS WOULD BE THE BEGINNING OF MOVING NIGERIA FORWARD AS A NATION WHERE ALL THE CITIZENS ARE RESPECTED AND HAVE SENSE OF BELONGING.

ESTHER CHIKERE.

Oil Wells
06:07:00 pm, by admin , 1697 words
Categories: News, Nigerian News, World News, African News, African Issue, Tellers and Global Viewers


*How Babangida, Abacha, Obasanjo Shared Nigeria's Oil Wells
-Masterweb Reports (Submission By Obinna Akukwe)
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. ( Continues below..... )

Photo Above: Nigerian Presidecies Fraud Alert Symbol
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. ( Continues below..... )

Photo Above: Late Sanni Abacha
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, royalt

(6) OML 112 and OML 117 were awarded to AMNI International Petroleum Development Company owned by Colonel Sanni Bello in 1999. Sanni Bello is an in-law to Abdulsalami Abubakar, former Head of State of Nigeria.
(7) 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.

(9) OML 108 is operated by Express Petroleum Company Limited is owned by Alhaji Aminu Dantata. Obasanjo , with the help of Andy Uba, awarded OPL 2008 to Tenoil Petroleum & Oil Services owned by Tony Elumelu and Jim Ovia
(10) OPL 2009 and 2010 were awarded to Global Energy Group owned by Chief Suleiman Onabiyi and Joseph Obiago . That is why a lot of major players in the oil industry owes Obasanjo and Andy Uba a lot.

(11) OML II3 allocated to Yinka Folawiyo Pet Ltd is owned by Alhaji W.I. folawiyo. Asuopku/Umuntu ( Egbema marginal oil fields) was awarded to Platform Petroleum in 2003 by Obasanjo.
(12) In 2010 Platform Petroleum (owned by Edmund Daukoru,a Bayelsa prince and Lulu Briggs among others) and Seplat ( owned by Prince Nasiru Ado Bayero, cousin to the Central Bank Governor Lamido Sanusi) teamed up in landmark partnership to manage the venture.

(13) Intel owned by Atiku, Yar’adua 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.

(14) OML 112 is estimated to have 130 million barrels of oil valued with the current price of $100 dollars per barrel at S13 billion dollars with 25 year lease.

(15) 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.

(16) 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

(17) 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 $20billion dollars.

(18) 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.

(19) 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.

(20) 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.

(21) 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.

(22) 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.

(23) In 2000, Obasanjo had earlier revoked OPL 241 given to Dan Etete under the advice Atiku. However, when the Obasanjo-Atiku face off started, the Ota Majesty made a u-turn and handed back the oil block to Etete.

(24) During the time of Late President Yar’adua , a panel headed by Olusegun Ogunj

An in depth review of oil blocks saga

Jonathan introduces oil license expiration of 100 years

The real reason why Jonathan wants to be ousted

Feb. 26 (Bloomberg) -- Nigeria, Africa’s biggest oil producer, won’t award new oil exploration licenses until lawmakers pass a reform bill now being considered, Department of Petroleum Resources Director Osten Olorunsola said.
“You need firm commitment and firm predictability of the law,” he said in a Feb. 21 interview in Abuja, the capital. “We have to wait for the bill to be passed.”
The Petroleum Industry Bill, first sent to the National Assembly in 2008, didn’t become law during the tenure of a previous legislature and was reintroduced by President Goodluck Jonathan in July. Fiscal provisions in the bill seek to raise Nigeria’s share of revenue to 73 percent from 61 percent, Petroleum Minister Diezani Alison-Madueke said on Sept. 28.
Royal Dutch Shell Plc, Exxon Mobil Corp., Chevron Corp., Total SA and Eni SpA run joint ventures with the state-owned Nigerian National Petroleum Corp. that pump more than 90 percent of the country’s oil. The West African nation last held an oil licensing round in 2007.
“The major concern is that oil production has remained virtually stationary over the past few years due to the lack of investment in the sector which partially reflects the uncertainty surrounding,” the bill, Samir Gadio, a London-based emerging-markets strategist at Standard Bank Plc, said in an e-mailed reply to questions today.
Stagnant Investment
Companies including Shell and Exxon Mobil have criticized the fiscal terms as likely to make investment in offshore oilfields unprofitable. Most have held back on funding more exploration while Shell and ConocoPhillips have sold some of their onshore assets to Nigerian companies.
Bonny Light Crude, Nigeria’s top export grade, gained 0.1 percent to $115.35 by 11:19 a.m. in London, the lowest since Feb. 21. Oil exports account for more than 90 percent of the country’s export earnings and about 80 percent of government revenue, according to the Petroleum Ministry.
While the major energy companies have “toned down their investments” and shunned exploration because of uncertainty about the new law, smaller producers are increasing drilling activities as they seek to boost output, Olorunsola said.
Companies including London-based Heritage Oil Plc and Lagos-based Neconde Energy Ltd. bought stakes in Nigerian oil fields jointly owned by Shell, Total and Eni. Oando Plc, a Nigerian energy company, purchased the local unit of ConocoPhillips.
Smaller Producers
“A lot of that is coming from all these indigenous companies that are buying assets from Shell as well as some success from some marginal field holders,” Olorunsola said, referring to areas producing volumes of crude too low to be profitable for bigger companies. “We had about 10 rigs, much more in comparable terms and timing in 2012. And that just shows the success of all these divestments.”
Forty-seven oil rigs were operating in the country’s Niger River delta region in the fourth quarter compared with 37 a year earlier, according to the Department of Petroleum Resources.
Nigeria’s crude oil reserves were down 1.9 percent to 36.5 billion barrels in 2012 from 37.2 billion barrels a year earlier. Average daily oil and condensate output stands at 2.6 million barrels, according to the regulator.
That's why Jonathan is by all means has gathered hatred to himself by ill minded politicians
There will be a bidding process to be held some months after election

To contact the reporters on this story: Elisha Bala-Gbogbo in Abuja at ebalagbogbo@bloomberg.net |
http://www.bloomberg.com/news/articles/2013-02-25/nigeria-oil-licenses-to-await-new-industry-law-regulator-says

Continuing from previous post

30 Facts about Owners of Nigeria’s Richest Oil Blocks in the Midst of National Poverty



~ By Rev. Obinna Akukwe

The richest oil blocks in Nigeria is owned by few dozens of persons while half of 160 million Nigerians live below S1 dollar daily. This injustice and wickedness must be corrected by whosoever wins the elections - whether Buhari, Jonathan, Interim Government, Boko Haram or civilian revolution. When I wrote the report titled ‘How Babangida, Abacha, Abdulsalami, Obasanjo Shared Nigeria’s Oil Blocks’ in April 2012, which was later rephrased as ‘20 Owners of Richest Oil Blocks in Nigeria ’ I had thought that the uproar and public condemnation that followed the report both nationally and internationally will precipitate an administrative investigation into the manner of the awards to sift the transparent deals which passed due diligence from those awarded after some bedroom performances. It is unfortunate that President Jonathan failed to revoke these illegal licenses to few criminals during his first tenure. Instead some more blocks and contracts were given another set of criminals under his watch. Had he taken such actions, the fear of defeat in the pols would have been non-existent because Nigerians from all tribes and faith enslaved by this bondage would have risen in his defense. It is not yet late for Jonathan, Buhari, Interim Government or even Boko Haram which soever succeeds in May 29th to revisit the disturbing sharing of Nigeria’s Oil Blocks to a few persons without recourse to transparency and put it back into the hands of the people.Those who proved they obtained theirs transparently should not be victimized under any circumstances.


Below again are the 30 Facts about the Fraudulent Sharing of Nigeria’s Oil Blocks and those involved

(1)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.

(2)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.

(3) 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.

Some of these oil field has the capacity of between 300,000 -500,000 barrels of oil daily.

(4) OML 110 OBE given by Sanni Abacha in 1996 to Alhaji Mai Daribe under Cavendish Petroleum had estimated over 500 million barrels of oil. In layman’s language and

Prebendalism and Party Politics,a canker worm in the Politics and Economy of the polity:Case Study of Nigeria. That was my Project Topic actually. When we talk about Godfatherism and Patron Clientele relationship,the first case that come's to our mind will be that of Chris Ngige(the Client) and Chris Uba(the Patron). Chris Ngige and Uba had an agreement before Uba accepted to make him Governor of Anambra state,prior to Ngige's emergence as Governor,Chris Uba made him accept some terms and conditions which included: He(Chris Uba) will Appoint Chris Ngige's Commisioners and other members of his Executive Council,He(Chris Uba) will take control of allocating contracts in the state,among other terms Ngige agreed to. At the end of the Elections,Chris Uba rigged Chris Ngige into office as Governor of Anambra state. Now the Turmoil began. Contradicting their agreement,Ngige refused to allow Uba control his Executive Council(he gave him a few slots) he refused Uba control over the Contracts in the state,as he appealed to him to allow members of the Party(PDP) who had registered Companies with the state to be given contracts. Uba and Ngige's war almost tore Anambra state apart. Uba however proved superior to Ngige(who was the Governor of the state)as he sent Police to Abduct the Governor. Ngige suffered a lot from Chris Uba because he refused to dance to his Music. In 2006 with the Rancour in the PDP house,Peter Obi the Candidate of APGA,won the Tribunal suit against Ngige and was made Governor of the state. That was how PDP lost Anambra till date. My major concern how ever is Vis-a-vis the Jonthan and Obasanjo's Patron Clientele relationship. Jonathan agreed to his Patron(Obasanjo) that he won't seek for a second term.Obviously,this is far from the Jonathan's/Obasanjo's fight. Jonathan denied Obasanjo access to control of his government,and they started fighting from June 2011 towards the Inauguration of the National Assembly. Jonathan wanted a Yoruba Speaker for the House Of reps,to equate the distribution of Powers(since the south and North had presidency and Senate)Obasanjo wanted an Hausa man. As the two Elephants fought,they were too busy to notice the Rat going into their houses to steal fishes. They both lost the bid to install their candidates,and Tambuwal emerged the Speaker. Jonthan kept denying Obasanjo Control over him and his government,hence Obasanjo's Criticism of the Jonathan's Government. Can anybody tell me,that prior to 2011,elections were free and fair in Nigeria? Not for Jonathan,would Buhari be able to boast of winning elections? Obasanjo's Puppet Maurice Iwu(the then Chairman of Inec) under the instructions of obasanjo ruined our democracy,and today Obasanjo is calling him corrupt,becuase of the sins he made him commit. Obasanjo is an Old man who has embezzled all he need's to survive his Generations unborn,and care less about what anybody think's of him,especially those who are making him irrelevant(Jonathan). Let's Watch as the battle unfolds#GoodLuckMarchesBuhari(GMB)
vote wisely

Ken Agala wrote:

In a recent interview in London,General Obasanjo referred to President Jonathan as a mediocre. Just as a reminder, this is a post I wrote in 2013. Facts don't lie. Read and share.

"In 2006, President Obasanjo met with the CEO of the New York Stock Exchange in Davo, Switzerland and requested to ring the closing bell at the NYSE. He cited instances with the economic reforms being pushed by Dr. Iweala( whom 'our' governors wants sacked) and finally got a subtle and tentative invite by the new CEO.

The NYSE uses its selection of bell ringers to make strategic statements about the direction of the exchange and its seen as a strong endorsement to potential investors all over the world .
On arrival for the ceremony , the NYSE told President Obasanjo that the request was not approved and that the President can come for a 'lunch', which is a lesser endorsement at the Stock Exchange. Characteristic of OBJ, he got infuriated and shunned the Lunch.
q
A few months earlier, three African Presidents have been lumped together to ring the closing bell at the exchange. They were the President of Liberia, Ellen Johnson-Sirleaf, the President of Mozambique, Armando Guebuza and the President of Tanzania, Jakaya M. Kikwete.

Many African analysts saw this as a let down on Africa as many smaller European country's presidents like Belgium had rung the closing bell alone.

The only African presidents that have ever rung the bell alone are Presidents of Botswana,Festus Mogae in 2005. (Botswana was the only African country them with an A+ credit rating from both Standards&Poors and Moody's ratings)

President Thabo Mbeki of South Africa which was an expression of confidence in the South African economy and President Chiluba of Zambia as an endorsement of the massive economic reforms on the Zambian economy.

Not too long, we have heard various testimonies from global players on the success of the Jonathan run economy. From CNN Money listing of the Nigerian stock amongst the five strongest in the world, to the testimony of the British Prime minister in his address to his party faithful .

From the Clinton Foundation's statement , to US President Obama's endorsement. From international rating agencies like Standard&Poors, Fitch etc, to global institutions like IMF and World bank with a recent upgrading of Nigeria from a low income economy to a middle income economy .

The 23rd September 2013, honoring of President Jonathan at the prestigious Bell ringing ceremony of the NYSE is the greatest global endorsement for the transformation agenda of President Jonathan and the robustness of the Nigerian economy.

It is a testimony to the world that despite the bitter bad press by disenchanted politicians at home, Nigeria is the next destination for global investors.

It is also important to note that in this same year, the United Nations Conference on Trade and Development (UNCTAD) listed Nigeria as the number Foreign Direct Investment destination in Africa.

On its website, the World Economic Forum explained why it chose Nigeria as the host of the 2014 African edition

"...More importantly, it is a reflection of the growing attraction of Nigeria to international capital as one of the world’s most rewarding new markets, following recent painful but highly rewarding set of economic reforms"

For those who make it an obsession to paint President Jonathan like a failure, by calling him names, no matter what name you give to a spoon of honey, the name will never change it's taste.
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BUHARI IS AGENT OF DESTABILIZATION’—-TINUBU TELLS US GOVT
Senator Ahmed Bola Tinubu, former Governor of Lagos State and leader of the All
Progressives Congress, APC, described General Muhammadu Buhari as an agent of
destabilization, ethnic bigot and religious fanatic who if given the chance would
ensure the disintegration of the country, according to a Wikileaks transcript of a
conversation between Tinubu and the US consul-general in 2003.
Tinubu disclosed this to the United States spy posing as the consul general – in a
2003 conversation- that Buhari should not be trusted due to his bigot tendencies.
He pointed to Buhari’s tribalistic nature as potentially dangerous to the unity of
Nigeria. In Tinubu’s summation, he stated: ‘Buhari and his ilk are agents of
destabilization who would be far worse than Obasanjo.’ The conversation was
recorded by the US Consul General and wired back to Washington DC for analysis.
Of which, Wikileaks got a hold of the recorded transcripts and published the
conversation.

https://m.?u=https%3A%2F%2Fudumakalu.%
2F2015%2F02%2F11%2Fbuhari-is-agent-of-destabilization-tinubu-tells-us-govt%
2F&h=wAQEAsHdv&s=1

20 Owners Of Richest Oil Blocks In Nigeria –
Their Names Will Shock You!
It’s more news the North wants GEJ out of the
way, so their licenses can be renewed cos most
of them are expiring from 2016 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

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Good day everyone.
Happy Sunday
please be informed that am not a politician am just an ordinary everyday guy.
I was once an APC supporter but after a certain dream I switched sides .
Here is my story.
In my dream good luck ebele Jonathan was the president again and there was increased human development capital or whatever it is called, not everybody was employed but the issue of boko haram was present but to a minimal level and there a very high competition in government administration of the two parties APC and PDP as in there was two ruling parties. The economy was good but the naira wasn't really gaining against the dollar.
Then I woke up.
I sighed and asked myself 'is that a dream or a nightmare? '
I went to do my daily businesses as usual but anytime I remember the dream I will wave it off and when I imagine buhari being the ruler my heart starts beating fast as if I committed something bad.
Then I recalled that even the arch angel Lucifer that was sent on a mission to manKind failed. I started examining myself that even me my own character is not good not to talk of a president that has sleepless nights and no time for bedtime stories between his wife and children.
Let's be sincere to ourselves Jonathan has tried but not to everybody's expectations let's give him a second chance.
I don't care if APC men believes me or not but at least I have shared a part of my story and am happy doing this. PDP gave me zero kobo to write this. I will only vote for one PDP candidate and that will be Jonathan.
Happy Valentine wey don pass.

Source: there is no website link to a dream.