₦airaland Forum

Firefire:
you better swallow your pride and begin screaming GEJ till forever...

Delay is dangerous oooooo


Oni ni ojo igbala re, Ola le pe ju fun oooo

slimfit1:
oil is finished. Oil business is folding up. Even Saudi people are investing in the business no more. So this dog shouting all the time make me laugh Alhaji from the south.

boygeorge:
Nigeria’s Richest Oil Blocks Owners Exposed: Names & Details


The oil block business is so lucrative that Danjuma’s Sapetro divested of its investment in Akpo condensate for $1billion dollars. The 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 OML 110 with high yield OBE oil fields was given Cavendish Petroleum owned by Alhaji Mai Daribe, the Borno Patriarch in 1996 by Sanni Abacha. OBE oil field has estimated over 500 million barrels of oil. In layman’s language and using average benchmark of $100 dollars per barrel, translates to $50 billion dollars worth of oil reserve. When you remove the taxes, royalties and sundry duties worth about 60% of the reserve payable over time you get about $20billion dollars worth of oil in the hands of a family.


OPL 246 was awarded to SAPETRO, a company owned by General Theophilus Danjuma, by Sanni Abacha in 1998. Akpo condensate exports about 300,000 barrels of crude daily.
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.
OML 115, OLDWOK Field and EBOK field was awarded to Alhaji Mohammed Indimi from Niger State. Indimi is an inlaw to former Military President Ibrahim Babangida.


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


OML 108 is operated by Express Petroleum Company Limited is owned by Alhaji Aminu Dantata.


OML II3 allocated to Yinka Folawiyo Pet Ltd is owned by Alhaji W.I. folawiyo
ASUOKPU/ UMUTU marginal oil fields is operated by Seplat Petroleum. Seplat is owned by Prince Nasiru Ado Bayero, cousin to the Central Bank Governor Lamido Sanusi. This oil field has the capacity of 300,000 barrels of oil daily. This translates to $30million dollars daily at average benchmark of $100 dollars per barrel. Deducting all sundry taxes, royalties etc , this field can yield $12billion dollars daily for the owners .
Intel owned by Atiku, Yarádua and Ado Bayero has substantial stakes in Nigeria’s oil exploration industry both in Nigeria and Principe and Sao Tome.


AMNI owns two oil blocks OML 112 and OML 117 which it runs Afren plc and Vitol has substantial stakes in oil blocks. Afren plc is operating EBOK oil fields in OML 67. Vitol lifts 300,000 barrels of Nigerian oil daily. Rilwanu Lukman, former OPEC Chairman has stakes in all these named three companies.


OPL 245 was awarded to Malabu Oil& Gas Company by Sanni Abacha. Dan Etete, Abacha’s oil minister owns Malabu Oil. In 2000, Vice President Atiku Abubakar convinced Obasanjo to revoke OPL 245 given to Malabu Oil. Etete had earlier rejected Atiku’s demand for substantial stakes in the high yield OPL 245 and it attracted the venom of Ota Majesty who revoked the licence. However, in 2006, Obasanjo had mercy on Dan Etete and gave him back his oil block worth over $20 billion dollars.


OPL 289 and OPL 233 was awarded during Obasanjo era to Peter Odili fronts, Cleanwater Consortium, consisting of Clenwater Refinery and RivGas Petroleum and Gas Company. Odili’s brother in law, Okey Ezenwa manages the consortium as Vice Chairman.
OPL 286 is managed by Focus Energy in partnership with BG Group, a British oil concern. Andy Uba has stakes in Focus Energy and his modus operandi is such that you can never see his name in any listings yet he controls OPL and OML through proxies


OPL 291 was awarded to Starcrest Energy Nigeria Limited, owned by Emeka Offor by Obasanjo . Immediately after the award, Starcrest sold the oil block to Addax Petroleum Development Company Limited (ADDAX) Addax paid Sir Emeka Offor a farming fee of $35million dollars and still paid the signature bonus to the government. Emeka Offor still retains stake in ADDAX operations in Nigeria.


Mike Adenuga’s Conoil is the oldest indigenous oil exploration industry in Nigeria. Conoil has six oil blocks and exports above 200,000 barrels of crude daily.
The oil block national cake sharing fiesta could take twists according to the mood of the Commander-in –Chief at the particular time. In 2006, Obasanjo revoked OPL 246 which Abacha gave to Danjuma because he refused to support the tenure elongation bid of the Ota Majesty. In 2000, Obasanjo had earlier revoked OPL 241 given to Dan Etete under the advice Atiku.


However, when the Obasanjo-Atiku face off started, the Ota Majesty made a u-turn and handed back the oil block to Etete.
During the time of Late President Yarádua , a panel headed by Olusegun Ogunjana was set up to investigate the level of transparency in the award of oil blocks. The panel recommended that 25 oil blocks awarded by the Obasanjo be revoked because the manner they were obtained failed to meet the best practices in the industry. Sadiq Mahmood, permanent secretary in the Ministry of Petroleum endorsed the report to then president with all its recommendations . As a result of the report Yarádua revoked eleven oil blocks.


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


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 an offshore account and the nation loses billions of dollars of revenue to private pockets.



http://abdulkuku..com/2014/05/nigerias-richest-oil-blocks-owners.html?m=1

alaoeri:
This doesn't change the fact that Jona is going back to otuoke come May 29.

komek:
After Feb 2015, Tinubu and co will throw u out of their paylist. By then i dont know who will paying you to come talk nonsense on NL cos ur laptop and connectivity would have been taken from you.

bushdoc9919:
You are the one deceiving yourself.

But anyways....that's irrelevant. The South can save itself by using innovation and technology.(which could make it richer than any Northern oil blocker....).

But you Southerners prefer crumb things.

Oh well....if you want the oil blocks to be owned by Southerners alone....run for the National Assembly and pass a law that enforces that...with adequate compensation for all those who lose out.

And BTW....I am getting tired of this Hausas are orpressing us things.Many of us Southerners are run by governors, LG charimen and so on who loot. Our thinkers are lazy. And we all want to chop,, rather than work for our kudi.

Good afternoon...anyways.

humilitypays:
This is one reason I tell people that Dangote, Adenuga, and co aren't the richest men in Nigeria! They are the most politically favoured men just like these people getting free allocation of oil blocs even without meriting it.

And suddenly they are chanting: CHANGE as if they love the ordinary citizen of this country, mstewwww! Whether they like it or not, whether Goodluck is ruling Nigeria well or not, Goodluck must continue as president! Let the nation burn!! Northerners are so wicked and selfish!!

All Nigerians ought to respect and fear Igbo men; they are the only group in Nigeria making money from their hardwork and talent without government favour.

Check all the rich northerners and Yorubas, they all have links with past military governments...they all benefited from the corrupt allocation of oil blocs, government contracts, etc while the rich Igbo men are busy working with their brains and God-given human talents, these northern oligarchies are busy stealing national fund meant for the entire Nigerian citizens!

I have always said it too that these so-called APC thieves only want GEJ out to regain their national oil sharing and free oil bloc allocation, but that will never happen because GEJ is going back as president whether northerners/yorubas like it or not!

Nonsense!! Forming rich with other people's wealth!! Lazy people!

Thomsbuky:
What wrong with chief tinubu thief having is own share? After all its National cake. Its quite unbelievable these miscreants sharing and looting national resources with inpunity that does not originate from north.. No wonder why GEJ and his goovernment chariots thieving their own and helping themselves at expenses of Nigerians masses.. All these mega rich billoniers in the north can even be sponsors of Bokohaaram terrorist fomenting trouble in Nigeria...While ordinary Nigerians working so hard cannot even have sustainable basic amenities...shame on these individual oil tycoon mafia you will account for your deed one day.

BlackTechnology:
This year will mark the end of Nigeria internal colonialism and slavery.

Sarduna rejected Southerners acquiring economic assets in the North only for the same Northerners to turn around to steal SS/SE oil wells


No GEJ No oil No Nigeria.

On true federalism we stand.

That2:
The North owns so much but don't go bragging. Illegal or not, imaging if this wealth is concentrated in the hands of Igbos we wouldn't have peace of mind. I am sure these same northerners owns more in Lagos but would keep quiet and live a simple lifestyle. I am admiring these people now but I won't neglect the poor ones like them. Tompolo, Peter Odili, Mike Adenuga, Dan Etete, Emeka Offor and Asari did exactly the same thing any way so don't say they neglect their region. Looters are looters irrespective of the regions.

Vessi:
how many of these oil Wells belong to Niger delta people? The military leaders allocated these oil Wells to their friends and relatives and to themselves. Making themselves eternal billionaires. Meanwhile Niger delta is dilapidated and reeking poverty. That is improper. Jona has to remain and ensure those oil Wells will next time be allocated to the owners in Niger delta. The census is next year and the south population will be greater than the north's should Jona remain in power. The military rulers from northern extraction has been deceiving us that northern population is greater than southern population. That lie will be buried by next year should the census be conducted under Jona government. The north has been using this lie to gain more allocation and local government. This election is not any other thing other than snowing the north that nigeria is not for them alone.

bushdoc9919:
And go and read the article the OP posted. The names I listed are from the article itself. I especially know of Etete and Adenuga....and even one of the Alhajis (Folawiyo) IS a Southerner.(And those are the names I knew before I read the article).

I know that the North has had an unfair advantage....but Southerners too have benefited from the oil bloc things.

The truth of the matter is that we Southerners could have made far more money than the oil drillers are making if we had used our brains to for example invent oil drilling and expoliting equipment. But most of you Southerners want to be expoeters-importers. You want to live in a multimillion nairal house with five wives and several concubines. So....you go for the rich quick bisness. You do not go for innovation and technology.

Oh well.....the fact remains Southerners too are benefiting. If you like deny it....it is fact.

humilitypays:
This is one reason I tell people that Dangote, Adenuga, and co aren't the richest men in Nigeria! They are the most politically favoured men just like these people getting free allocation of oil blocs even without meriting it.

And suddenly they are chanting: CHANGE as if they love the ordinary citizen of this country, mstewwww! Whether they like it or not, whether Goodluck is ruling Nigeria well or not, Goodluck must continue as president! Let the nation burn!! Northerners are so wicked and selfish!!

All Nigerians ought to respect and fear Igbo men; they are the only group in Nigeria making money from their hardwork and talent without government favour.

Check all the rich northerners and Yorubas, they all have links with past military governments...they all benefited from the corrupt allocation of oil blocs, government contracts, etc while the rich Igbo men are busy working with their brains and God-given human talents, these northern oligarchies are busy stealing national fund meant for the entire Nigerian citizens!

I have always said it too that these so-called APC thieves only want GEJ out to regain their national oil sharing and free oil bloc allocation, but that will never happen because GEJ is going back as president whether northerners/yorubas like it or not!

Nonsense!! Forming rich with other people's wealth!! Lazy people!

bushdoc9919:
Dan Etete and Peter Odili are from the Niger Delta.

And rumor has it that my lords of the creek have a oil well or two........

adexsimply:
I was thinking you would prove him wrong

barcanista:
Jonathan has been an accomplice in all these sharing. All yje listed people supported Jonathan in 2011, TY Danjuma is a PDP Chieftain and Jonathan's confidente. Non of the mentioned people are Buhari's ally. This is another reason the Niger Delta must kick out Jonathan

Vessi:
how many oil Wells so we have and only two Niger Deltans/owners made the list? This is the inequality we are talking about and that must be redressed.

frankymiller:
Sincerely i have been hearing alot of nairalanders call you a dúmb phool,i just confirmed it. Are you educated? Do u think before you type? What goes on in your brain? Are you bipolar? Do you eat faeces? Do you drink urine?. I wonder what would make a mature man like you to spew most of the thrash you litter on nairaland.

humilitypays:
This is the first time I am compelled to attack someone on this forum: and u know what? You lack sense!!!

So northerners have been creative and going into oil exploration equipment manufacturing

So Igbo/Niger Delta men marry more than one wife while Hausa/Fulani/Yoruba marry one wife right Mumu guy!! Read your write-up again, ode

If you don't know, since the civil war ended in 1969 and Igbo/Niger Delta people were all removed from top government positions in Nigeria, including the office of the presidency/minister of petroleum, Igbo/Niger Delta people have suffered mass maginalization and cheating in the hands of northern military heads of states by promoting their northern brothers in civil services without merit, military, ministries, parastaltals, etc.

Even in federal government contract allocation, past northern heads of states give contracts mostly to their northern brothers who did not merit it even when a southerner merits it more.

Mother nature is paying northerners back with their injustice and evil deeds/attrocities against people who did them nothing!

You can't cheat nature...God exist...north and Yoruba land will witness more calamities in future to come if they don't refrain from unjustly maltreating, cheating and attacking Igbo/Niger delta; mark my word today!

lookingforjob:
So Andy Uba mentioned on the list is an Hausa/yoruba man?

tribalism will cut your neck one day. isi ewu

frankymiller:
Sincerely i have been hearing alot of nairalanders call you a dúmb phool,i just confirmed it. Are you educated? Do u think before you type? What goes on in your brain? Are you bipolar? Do you eat faeces? Do you drink urine?. I wonder what would make a mature man like you to spew most of the thrash you litter on nairaland.

Vessi:
how many oil Wells so we have and only two Niger Deltans/owners made the list? This is the inequality we are talking about and that must be redressed.

barcanista:
Jonathan has been an accomplice in all these sharing. All yje listed people supported Jonathan in 2011, TY Danjuma is a PDP Chieftain and Jonathan's confidente. Non of the mentioned people are Buhari's ally. This is another reason the Niger Delta must kick out Jonathan

ayukdaboss:
Even if you put gun for my head on February 14, I go still vote Buhari

Mmadukaku:
Lol, you don't know an igbo man, yes an igbo man may brag about it but you will certainly feel the money in his hometown.
He must invest, give scholarships, maintain good road network leading to his hometown, give them water or security just for recognition then his people reward him by giving a chieftaincy title.
How many hausa where empowered by these rich northerners with oil blocs? I bet they recruited them as gatemen shouting "rankadede" each time they open gates for the rich to pass while he drops 100 naira on the floor for his boys.