These are the beneficiaries of Nigeria's fuel subsidy. These so called Cabal in bed with Nigerian Govt.

Oando Oil, CONOIL, African Petroleum and MRS Oil are among the powerful players in the petroleum sector that have shared over N3.655 trillion between 2006 and September2011 in pursuit of importation of refined petroleum products.
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This was revealed today in Abuja by the Nigerian Senate joint Committee on Petroleum (Downstream), Appropriation and Finance. Senator Magnus Ibe, the chairman of the committee, also disclosed that some 100 companies in the downstream sector and in construction, shared over N1.426 trillion between January and August 2011 alone.

Oando Oil is owned by Wale Tinubu, Mike Adenuga owns CONOIL, Femi Otedola owns AP, while MRS Oil is run by Aliko Dangote's brother, Sayyu Dantata. Other key players named today include Pinaccle Construction Ltd, as well as Integrated Oil and Gas, which is owned by a former Minister of the Interior,Capt. Emmanuel Iheanacho.

The full list as read out by Senator Abe, is as follows:
> 1. Oando Nigerian Plc. – N228.506 billion
> 2. MRS –N224.818 billion
> 3. Pinnacle Construction-N300 billion
> 4. Enak Oil & Gas –N19.684 billion
> 5. CONOIl – N37.960 billion
> 6. Bovas & Co. Nig. Ltd. – N5.685 billion,
> 7. Obat N85 billion and AP; N104.5billion.
> 8. Folawiyo Oil - N113.3 billion
> 9. IPMAN Investment Limited- N10.9billion
> 10. ACON - N24.1billion
> 11. Atio Oil-N64.4billion
> 12. AMP- N11.4billion
> 13. Honeywell-N12.2billion
> 14. Emac Oil- N19.2billion
> 15. D.Jones Oil-N14.8billion;
> 16. Capital Oil - N22.4 billion
> 17. AZ Oil- N18.613billion
> 18. Eterna oil- N5.57 billion
> 19. Dozil oil- N3.375 billion
> 20. Fort oil-N8.582 billion.
> 21. Integrated Oil and Gas- N30.777 billion!
> THESE ARE THE MEMBERS OF THE CABAL,
> *THEY ARE MORE POWERFUL THAN THE PRESIDENT.
> *THEY ARE GIVING NATIONAL AWARD
> *THEY ARE MEMBERS OF THE PRESIDENTIAL ECONOMIC TEAM.

The Nigerian Oil Cabal
Oando Oil, CONOIL, African Petroleum and MRS Oil are among the powerful players in the petroleum sector that have shared over N3.655 trillion between 2006 and September2011 in pursuit of importation of refined petroleum products. This was revealed today in Abuja by the Nigerian Senate joint Committee on Petroleum (Downstream), Appropriation and Finance.

> Senator Magnus Ibe, the chairman of the committee, also
> disclosed that some 100 companies in the downstream sector
> and in construction, shared over N1.426 trillion between
> January and August 2011 alone.

> Oando Oil is owned by Wale Tinubu, Mike Adenuga owns
> CONOIL, Femi Otedola owns AP, while MRS Oil is run by Aliko
> Dangote's brother, Sayyu Dantata. Other key players named
> today include Pinaccle Construction Ltd, as well as
> Integrated Oil and Gas, which is owned by a former Minister
> of the Interior,Capt. Emmanuel Iheanacho.
> The full list as read out by Senator Abe, is as follows:
> 1. Oando Nigerian Plc. – N228.506 billion
> 2. MRS –N224.818 billion
> 3. Pinnacle Construction-N300 billion
> 4. Enak Oil & Gas –N19.684 billion
> 5. CONOIl – N37.960 billion
> 6. Bovas & Co. Nig. Ltd. – N5.685 billion,
> 7. Obat N85 billion and AP; N104.5billion.
> 8. Folawiyo Oil - N113.3 billion
> 9. IPMAN Investment Limited- N10.9billion
> 10. ACON - N24.1billion
> 11. Atio Oil-N64.4billion
> 12. AMP- N11.4billion
> 13. Honeywell-N12.2billion
> 14. Emac Oil- N19.2billion
> 15. D.Jones Oil-N14.8billion;
> 16. Capital Oil - N22.4 billion
> 17. AZ Oil- N18.613billion
> 18. Eterna oil- N5.57 billion
> 19. Dozil oil- N3.375 billion
> 20. Fort oil-N8.582 billion.
> 21. Integrated Oil and Gas- N30.777 billion!
> THESE ARE THE MEMBERS OF THE CABAL,
> *THEY ARE MORE POWERFUL THAN THE PRESIDENT.
> *THEY ARE GIVING NATIONAL AWARD
> *THEY ARE MEMBERS OF THE PRESIDENTIAL ECONOMIC TEAM.