Why they want presidency back in 2015 . IBB, Abacha, Abubakar, Dantata, Lukman links exposedA’Ibom willing to renegotiate

Fresh revelations emerged at the weekend of how some northern elite members and ex-military rulers took control of the Nigerian oil industry.

The scheme was achieved through the allocation of oil wells to themselves, family friends, in-laws and other northern aristocrats and business men, making these individuals to rake in huge incomes from oil money, an online chat portal, NigerianWorldForum, disclosed yesterday.

According to the information, Cavendish Petroleum which operates OML110 was awarded to the late Borno patriarch, Alhaji Mai Deribe by General Sani Abacha on July 8, 1996.

The oil well is said to have a proven oil reserve in excess of 500 million barrels, which is more than the entire 300 million barrels reserve of Sudan. It also has the capacity to produce about 120,000 barrels of crude oil daily from its OBE 4 and OBE 5 wells.

Calculation at current production levels indicates that the Mai Deribes net about N4billion monthly in crude oil sales at oil price estimates of $100 per barrel (p/b).

Another prominent northerner enjoying the wealth from the oil industry is Prince Nasiru Ado Bayero, who is the cousin of the Governor of the Central Bank of Nigeria (CBN), Malam Sanusi Lamido Sanusi.

The Fulani prince is a key shareholder and director in Seplat/Platform Petroleum, operators of the Asuokpu/ Umutu Marginal Field with a capacity of 300,000 barrels monthly and A 30 mmfcsd gas plant capable of feeding 100MT of LPG.

Also, former Defence Minister, General T.Y Danjuma, has been linked with South Atlantic Petroleum Limited (SAPETRO). SAPETRO is a Nigerian Oil Exploration and Production Company that was created in 1995 by the retired army General who is also the chairman of ENI Nigeria. General Abacha allegedly awarded the Oil Prospecting License (OPL) 246 to SAPETRO in February 1998.

The block covers a total area of 2,590km2 (1,000 sq. miles). SAPETRO partnered with Total Upstream Nigeria Ltd (TUPNI) and Brasoil Oil Services Company Nigeria Ltd (Petrobras) to start prospecting on OPL 246. Akpo, a condensate field was discovered in April 2000 with the drilling of the first exploration well (Akpo 1) on the block. Other discoveries made on OPL 246 include the Egina Main, Egina South, Preowei and Kuro (Kuro was suspended as a dry gas/ minor oil discovery).

In June 2006, General T.Y Danjuma was said to have divested part of his rights and obligations to China National Offshore Oil Corporation (CNOOC) for $1 billion (N160bn). Akpo exports about 230,000 barrels of condensate daily. Condensate export is not regulated by OPEC, so SAPETRO/ TOTAL exports as much as possible each day. Egina exports about 75,000 barrels of oil daily.

Therefore, Akpo and Egina’s fields export just over 300,000 barrels of oil/ condensate daily said to be three times what Ghana exports. The General gets 25 percent of what accrues. According to the information, the gas component is about 2.5 trillion cubic feet. The money SAPETRO nets each month is allegedly more than the monthly statutory allocation to any Nigerian state and also more than the oil revenue of Ghana according to information.

Oil fields OML 112 and 117 were awarded to Amni International Petroleum Development Company by General Abdulsalami Abubakar in the twilight of his administration in 1999. In the productionsharing contract, AMNI gets 60 percent for owning the oil block and Total gets 40 percent for providing technical advice. OML 112 was awarded in February 12, 1998 while OML 117 was awarded on August 4, 1999. Operations started on both blocks in February 26, 2006, according to Nigerian- WorldForum. The licenses are due to expire on February 11, 2018 and August 5, 2019 respectively.

The information portal believes that this is one of the reasons why some northern leaders want the presidency back in the north by 2015.

The oil fields have about 50 million barrels in reserve and currently produce/exports just a little below 20,000 barrels per day. The chairman of AMNI International Petroleum and Development Company is Colonel Sani Bello from Kontagora, Niger State whose son, Abu, is believed to have married General Abdusalami Abubakar’s eldest daughter. The retired army colonel was a former governor of Kano State and Nigeria High Commissioner to Zimbabwe.

Former Petroleum Minister, Alhaji Rilwanu Lukman, has also been linked with Afren Energy. The company operates the Okoro and Setu fields in OML112. Apart from operating Amni oil blocks, Afren, also has key interest in the NNPC/Vitol trading deal, Vitol is a London based oil trading company. Vitol lifts 350,000 barrels of crude oil daily from Nigeria.

Former head of State, General Ibrahim Babangida’s in law, Alhaji Mohammed Indimi has been linked with Oriental Energy Resources Limited. The company runs three oil blocks OML 115, the Okwok field and the Ebok field. OML 115 and Okwo are OML PSC, while Ebok is an OML JV.

General Babangida’s son, Mohammed is married to Alhaji Mohammed Indimi’s daughter, Rahama Indimi-Babangida, who also serves as a director in the company. Other directors include Amina Indimi- Fodio, Jibrila Indimi, Ibrahim Indimi, Ahmed Indimi and Mustafa Indimi. The chairman and patriarch, Alhaji Indimi hails from Niger State.

OML 115 is 228 sq Km. On OML 115, Oriental Energy Resources Limited has 60 per cent while Equity Energy Resources AS, which has allegedly been linked to Alhaji Aliko Dangote’s oil and gas investment vehicle, has 40 per cent. On Okwok, Addax has 40 percent equity while on the Ebok field; Oriental Energy Resources has 100 percent. AMNI produces twice as much as Cavendish Petroleum.

Another northern aristocrat, Alhaji Aminu Dantata was awarded oil field OML 108 by General Abacha in November 1995 through his Express Petroleum and Gas Limited. CAMAC Houston, a company owned by KaseLawal bought 2.5 percent equity of Express Petroleum’s 60 percent holdings. The other 40 percent on OML 108 is owned by Sheba E&P Limited, also linked with General Babangida. SEPCOL operates the Ukpokiti offshore field in Shallow water Nigeria, which was acquired from ConocoPhillips in May 2004.

Alhaji Saleh Mohammed Jambo is another prominent northerner thriving in the oil industry. He owns NorEast (North East) Petroleum Nigeria limited. The company is the holder of OPL215 license, covering an area 0f 2,564 square kilometres in water depths between 200 to 1600 metres.

NorEast is the parent company of Rayflosh Petroleum which was awarded blocks OPLs 276 and 283 leading to a Joint Venture Agreement with Centrica Resources Nigeria Limited and CCC Oil and Gas.

The license was awarded to Alhaji Jambo by General Babangida in 1991 and then renewed in 2004. So far $50Million has allegedly been spent on the very promising Okpoi-1 and Egere -1 exploratory wells.

Former Vice President, Alhaji Abubakar Atiku, the Yar’Adua family and the Ado Bayeros have also been linked with INTELS , the Oil and Gas Free Zone and Oil Services Centres, as well as Support Bases, are operated from governmentowned facilities, leased to INTELS under long-term agreements. INTELS runs a ‘private port’, with the attendant effect on the Calabar, Warri and Port Harcourt ports. There are over one hundred major companies operating at the INTEL facility in Port Harcourt.





http://nationalmirroronline.net/news/48962.html

why is this piece not on front page?

can somebody tell me why this is not on d front page?

Manhn! These animals have held nigerians in bondage for so long.Animals like danjuma,otedola and co

It is time true nigerians cry blood.

lorddannie: why is this piece not on front page?

I just wonder! This is the kind of topic we need on the front page and not some crappy stories! Moderators pls move this topic to front page pls!!!

berem: I just wonder! This is the kind of topic we need on the front page and not some crappy stories! Moderators pls move this topic to front page pls!!!

.

we still they watch them. Abi Seun don join the cabals

hahahahaha

Its not worthy of the front page because its becoming boring.

Send this fast to the front page... We know y the struggle fir 2015, it's about these oil wells whose licenses are expiring soon after 2015.. Let's see how it turns out.. We demand equitable distribution of our resources. Few families cannot control a larger percentage of our oil wells.. No!

wawa_boy:

Why they want presidency back in 2015 . IBB, Abacha, Abubakar, Dantata, Lukman links exposedA’Ibom willing to renegotiate

Fresh revelations emerged at the weekend of how some northern elite members and ex-military rulers took control of the Nigerian oil industry.

The scheme was achieved through the allocation of oil wells to themselves, family friends, in-laws and other northern aristocrats and business men, making these individuals to rake in huge incomes from oil money, an online chat portal, NigerianWorldForum, disclosed yesterday.

According to the information, Cavendish Petroleum which operates OML110 was awarded to the late Borno patriarch, Alhaji Mai Deribe by General Sani Abacha on July 8, 1996.

The oil well is said to have a proven oil reserve in excess of 500 million barrels, which is more than the entire 300 million barrels reserve of Sudan. It also has the capacity to produce about 120,000 barrels of crude oil daily from its OBE 4 and OBE 5 wells.

Calculation at current production levels indicates that the Mai Deribes net about N4billion monthly in crude oil sales at oil price estimates of $100 per barrel (p/b).

Another prominent northerner enjoying the wealth from the oil industry is Prince Nasiru Ado Bayero, who is the cousin of the Governor of the Central Bank of Nigeria (CBN), Malam Sanusi Lamido Sanusi.

The Fulani prince is a key shareholder and director in Seplat/Platform Petroleum, operators of the Asuokpu/ Umutu Marginal Field with a capacity of 300,000 barrels monthly and A 30 mmfcsd gas plant capable of feeding 100MT of LPG.

Also, former Defence Minister, General T.Y Danjuma, has been linked with South Atlantic Petroleum Limited (SAPETRO). SAPETRO is a Nigerian Oil Exploration and Production Company that was created in 1995 by the retired army General who is also the chairman of ENI Nigeria. General Abacha allegedly awarded the Oil Prospecting License (OPL) 246 to SAPETRO in February 1998.

The block covers a total area of 2,590km2 (1,000 sq. miles). SAPETRO partnered with Total Upstream Nigeria Ltd (TUPNI) and Brasoil Oil Services Company Nigeria Ltd (Petrobras) to start prospecting on OPL 246. Akpo, a condensate field was discovered in April 2000 with the drilling of the first exploration well (Akpo 1) on the block. Other discoveries made on OPL 246 include the Egina Main, Egina South, Preowei and Kuro (Kuro was suspended as a dry gas/ minor oil discovery).

In June 2006, General T.Y Danjuma was said to have divested part of his rights and obligations to China National Offshore Oil Corporation (CNOOC) for $1 billion (N160bn). Akpo exports about 230,000 barrels of condensate daily. Condensate export is not regulated by OPEC, so SAPETRO/ TOTAL exports as much as possible each day. Egina exports about 75,000 barrels of oil daily.

Therefore, Akpo and Egina’s fields export just over 300,000 barrels of oil/ condensate daily said to be three times what Ghana exports. The General gets 25 percent of what accrues. According to the information, the gas component is about 2.5 trillion cubic feet. The money SAPETRO nets each month is allegedly more than the monthly statutory allocation to any Nigerian state and also more than the oil revenue of Ghana according to information.

Oil fields OML 112 and 117 were awarded to Amni International Petroleum Development Company by General Abdulsalami Abubakar in the twilight of his administration in 1999. In the productionsharing contract, AMNI gets 60 percent for owning the oil block and Total gets 40 percent for providing technical advice. OML 112 was awarded in February 12, 1998 while OML 117 was awarded on August 4, 1999. Operations started on both blocks in February 26, 2006, according to Nigerian- WorldForum. The licenses are due to expire on February 11, 2018 and August 5, 2019 respectively.

The information portal believes that this is one of the reasons why some northern leaders want the presidency back in the north by 2015.

The oil fields have about 50 million barrels in reserve and currently produce/exports just a little below 20,000 barrels per day. The chairman of AMNI International Petroleum and Development Company is Colonel Sani Bello from Kontagora, Niger State whose son, Abu, is believed to have married General Abdusalami Abubakar’s eldest daughter. The retired army colonel was a former governor of Kano State and Nigeria High Commissioner to Zimbabwe.

Former Petroleum Minister, Alhaji Rilwanu Lukman, has also been linked with Afren Energy. The company operates the Okoro and Setu fields in OML112. Apart from operating Amni oil blocks, Afren, also has key interest in the NNPC/Vitol trading deal, Vitol is a London based oil trading company. Vitol lifts 350,000 barrels of crude oil daily from Nigeria.

Former head of State, General Ibrahim Babangida’s in law, Alhaji Mohammed Indimi has been linked with Oriental Energy Resources Limited. The company runs three oil blocks OML 115, the Okwok field and the Ebok field. OML 115 and Okwo are OML PSC, while Ebok is an OML JV.

General Babangida’s son, Mohammed is married to Alhaji Mohammed Indimi’s daughter, Rahama Indimi-Babangida, who also serves as a director in the company. Other directors include Amina Indimi- Fodio, Jibrila Indimi, Ibrahim Indimi, Ahmed Indimi and Mustafa Indimi. The chairman and patriarch, Alhaji Indimi hails from Niger State.

OML 115 is 228 sq Km. On OML 115, Oriental Energy Resources Limited has 60 per cent while Equity Energy Resources AS, which has allegedly been linked to Alhaji Aliko Dangote’s oil and gas investment vehicle, has 40 per cent. On Okwok, Addax has 40 percent equity while on the Ebok field; Oriental Energy Resources has 100 percent. AMNI produces twice as much as Cavendish Petroleum.

Another northern aristocrat, Alhaji Aminu Dantata was awarded oil field OML 108 by General Abacha in November 1995 through his Express Petroleum and Gas Limited. CAMAC Houston, a company owned by KaseLawal bought 2.5 percent equity of Express Petroleum’s 60 percent holdings. The other 40 percent on OML 108 is owned by Sheba E&P Limited, also linked with General Babangida. SEPCOL operates the Ukpokiti offshore field in Shallow water Nigeria, which was acquired from ConocoPhillips in May 2004.

Alhaji Saleh Mohammed Jambo is another prominent northerner thriving in the oil industry. He owns NorEast (North East) Petroleum Nigeria limited. The company is the holder of OPL215 license, covering an area 0f 2,564 square kilometres in water depths between 200 to 1600 metres.

NorEast is the parent company of Rayflosh Petroleum which was awarded blocks OPLs 276 and 283 leading to a Joint Venture Agreement with Centrica Resources Nigeria Limited and CCC Oil and Gas.

The license was awarded to Alhaji Jambo by General Babangida in 1991 and then renewed in 2004. So far $50Million has allegedly been spent on the very promising Okpoi-1 and Egere -1 exploratory wells.

Former Vice President, Alhaji Abubakar Atiku, the Yar’Adua family and the Ado Bayeros have also been linked with INTELS , the Oil and Gas Free Zone and Oil Services Centres, as well as Support Bases, are operated from governmentowned facilities, leased to INTELS under long-term agreements. INTELS runs a ‘private port’, with the attendant effect on the Calabar, Warri and Port Harcourt ports. There are over one hundred major companies operating at the INTEL facility in Port Harcourt.





http://nationalmirroronline.net/news/48962.html

they want more money to themself

Life is time

...

What do you expect, 38yrs rule, no single niger deltan no wonder people leave on barchers in bayelsa.

This is the product of their victory in the civil war: An internal colonialism. The Igbos miscalculated in so many areas ahead of the 1966 imbroglio, the Yoruba willingly aided them, the ND acted out of fear, the MB were forced into a sham Northern homogeneity.

Let the winners enjoy joor!

And they're telling gullible Yoruba people that jonathan is the 'problem' with Nigeria

@OP

Anybody who thinks Nigeria should not be disintegrated had to be shot. If non-elite Nigerians need succor from hash economic realities instigated by the actions of wicked leaders, disintegration is the answer and will put an end to all the nefarious share of their common wealth by iniquitous elites.

It is a pity the northern elites have to use the money secured from crude oil exploration in Nigeria, which will leave impending health hazard for future generation of southerners, to lure politicians into rekindling the NPC = APC. Most Nigerians knew what NPC stood for and how it went around accomplishing its evil machinations.

Ikengawo: And they're telling gullible Yoruba people that jonathan is the 'problem' with Nigeria

Not all Yoruba are gullibly seeking the return of Northern hegemony. The experiences of Abiola and Diya has taught them a lesson.

Apart from the few vultures in APC, how many Afenifere leaders are against GEJ?

For want of formidable alliance, the Arewa have gone to them. But as Tinubu's influence continue to reduce due to influx of many Northern Nat'l Assembly members, who having gotten majority will dictate the leadership in the party, he will have no option than to play the Ribadu card again with GEJ. Just watch the Northerner will not win among Yoruba voters.

Kponkwem:

Not all Yoruba are gullibly seeking the return of Northern hegemony. The experiences of Abiola and Diya has taught them a lesson.

Apart from the few vultures in APC, how many Afenifere leaders are against GEJ?

For want of formidable alliance, the Arewa have gone to them. But as Tinubu's influence continue to reduce due to influx of many Northern Nat'l Assembly members, who having gotten majority will dictate the leadership in the party, he will have no option than to play the Ribadu card again with GEJ. Just watch the Northerner will not win among Yoruba voters.

I guess you need to read the history of Nigeria slowly and methodically. I suggest you start by removing "A" as in APC and replacing it with "N", you will arrive at NPC, Northern Peoples' Congress. During the NPC era, it created an evil axis which showed up with the so-called APC.

Occupy Nigeria rubbish talk to NOI made FP what stop this top class secrets making a VIP FRONTPAGE. These guys are pure arm robbers. They have loot and loot our national cake dry and today some of us are clapping for them. People who never made use of their brain to make wealth like Bill gates and co. I dnt think any of us has receive any thing from these thief that chop oil money without knowing it source. And most importantly, we have a new govt today who want to balance the dirty system these aboki has done to this nation and the same thief is very much busy doing coalition to bring the present govt down so that the massive loot will continue. Boys and girls shine ur eye! We say No and No the country belong to all of us. Hence the need for new order and direction. 2015 either Nigeria stay as one or it break like egg. I stand for peace for the nation and not party. Gudluck Nigeria.

And is not like they use the monies they make from the oil wells to improve lives of northerners or the almajiri's littered on the street. Instead the monies (which are in billions) are saved in foreign banks and private accounts lying idle.

Smh

Ikengawo: And they're telling gullible Yoruba people that jonathan is the 'problem' with Nigeria

It only a man feed by dog will (eat) believe them without sense.

My problem is that whenever they want to achieve thier evil machinations the Yorubas are always there to help them out.
Are Yorubas scared of north or are they claiming to be peaceful abi diplomatic in thier approach.
The Yorubas are the only link between south and north in nigeria,nobody wants thier contact anymore,they are not in sports,entertainment,technology,medicine,law,sciences,education etc noting and nothing but just to acquire political power.
North has good terrain that can give Nigeria longdistance race champions but nothing.
They are just parasites all the way from futa jallon to Nigerian.
#Smdh

And How Has The Loot Translated To Development In The Region?
The Poor Almajiris or the Rich Kids always disturbing my Pharmacist Friend For Benelyn with Codeine?

Karma na Ashawo!!!

stevoski059: What do you expect, 38yrs rule, no single niger deltan no wonder people leave on barchers in bayelsa.

the south has been short changed for long. It has been invaded by the northern feuds and their common wealth taken away from them.

It is high time this internal colonialism, slavery and marginalization is corrected.

Little wonder they fight, hate and accuse the president of all manner of offences for no just cause. It is more disheartening to know that the wise which is very popular for its timidity and back-following is ganging up with them.

Idoma Likita: And How Has The Loot Translated To Development In The Region?
The Poor Almajiris or the Rich Kids always disturbing my Pharmacist Friend For Benelyn with Codeine?

Karma na Ashawo!!!

Boko Haram and terrorism is heavily funded

Chuksphil2go: My problem is that whenever they want to achieve thier evil machinations the Yorubas are always there to help them out.
Are Yorubas scared of north or are they claiming to be peaceful abi diplomatic in thier approach.
The Yorubas are the only link between south and north in nigeria,nobody wants thier contact anymore,they are not in sports,entertainment,technology,medicine,law,sciences,education etc noting and nothing but just to acquire political power.
North has good terrain that can give Nigeria longdistance race champions but nothing.
They are just parasites all the way from futa jallon to Nigerian.
#Smdh

this is brain behind the formation or merger to form APC. It is clear from it members that it's is gang up

Bros seun u r a disapointment nw i knw y they r using obj n amechi as security in d whole of ss,se n sw dat y unemployment is thriving oh we r finish,ok as frm today i'll champion educating my people cos it going to be a total reverse frm d old order

Till them die noting 4dem e better let everybody loose bombing of pipeline all d way except we discuss am 4 national conference

God let this UNPRODUCTIVE COUNTRY breaks into nations asap. This forced marriage was based on cheat. I feel for the N Deltans. GEJ till Nigeria divides.
Yes beeni.

I work in the oil and gas sector so I can attest to this article. Never knew that the seplat department that I go every day is owned by a Kano prince. Boy you need to see the way they treat their drivers: better than npdc drivers. The ITs there are big boys.


When you read this kind of article then you'll support a mediocre Jonathan, I swear.

aventura: I work in the oil and gas sector so I can attest to this article. Never knew that the seplat department that I go every day is owned by a Kano prince. Boy you need to see the way they treat their drivers: better than npdc drivers. The ITs there are big boys.


When you read this kind of article then you'll support a mediocre Jonathan, I swear.

the north through their military juntas have succeeded in snatching the wealth of the south south and gave it to their families, cronies and friends.

I expected the democratic govt since 1999 to have withdrawn those licences and rendered them null and void since they are clear cases of daylight robbery and marginalization of a section of this country.

Imagine all those licences controlled by northerners. I am not surprise they are doing everything to undermine GEJ efforts and label him incompetent. They just want the injustice to continue and the imbalance not corrected.

For SNC we stand!

Just imagine the oil being in the north

This is just too much. Oh my beloved country!!
I pray there's a way out soonest. Daylight robbery. Chai!