It’s very clear that president Johnathan will never never least
it back to the northern cabals again and this is the reason for
all the ____
Nigerian be wise, be wise, be wise,
Until the Nigeria oil blocks are recovered from the Northern
cabals, Nigeria will know no peace and the North will always
be pushing to produce the president to solidify their grips of
these looted Niger Delta treasury.
The bastardizing of Nigeria by the mindless, who hate the
nation. Monumental injustice to a people: 20 Owners Of
Richest Oil Blocks In Nigeria Without the people of Niger Delta
on whose soil the oil was found. They constitutes the main
opposition to President Goodluck Jonathan today.
(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
(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
(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
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 transformation 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.
This is why the Northerns wants the power of Nigeria back to them by all means so they can keep hold of what they think should be theirs which isn’t normal and worst will be the implementation of sharia law should any Northerner wins the election come 2015