BreakingNews 22/2/15 - 30 Facts about Owners of Nigerias Richest Oil Blocks in the Midst of National Poverty

[ Masterweb Reports: Obinna Akukwe reports ] - The richest oil blocks in Nigeria is owned by a few hundreds 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 correction of the criminality from President Jonathan.  Nigeria needs to collect their collective commonwealth from persons who fraudulently took it. 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 to few other 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 those found to have transparently obtained theirs should not be victimized.

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 using average benchmark of $100 dollars per barrel, translates to $50 billion dollars’ worth of oil reserve.  This means that $20billion dollars’ worth of oil in the hands of a family or $170 million dollars’ worth of oil daily.
(5) 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.
(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.
(8) 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
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