INJUSTICE -
FOR THE PEOPLE AND SOUTH SOUTH PEOPLE.
FOR THE PEOPLE AND SOUTH SOUTH PEOPLE.
*How Babangida, Abubarkar, Abacha, Obasanjo Shared Nigeria’s Oil Blocks
but denied the owners of the oil and inhabitants of the area of their
assets and these people are suffering like hell without drinking war,
without a single adequate and sandard school, no single standard medial
care or hospital, hopeless infrastructure, no road, no sewage. Their
environment has been totally destroyed and damaged by crude oil spill.
pipes, concretes, pumps, dregding equipments, contaminated drums littered
millions of acres of their land making fishing and agriculture impossible.
Where is the outrage. An average Nigerian including Hausas, Igbos, Yoruba,
ibibio, Fulani, Edo are living life like animals with acute poverty as high
as 60 percent in a nation that makes about 50 billion dollars yearly from
crude oil but 90%percent are stolen by the corrupt leadership in Nigeria.
Where is the outrage ladies and gentlemen.*
(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.
(8) 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 companies.
(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
months later.
(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 pockets.
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.=
===========
(21) Edging out Oprah is Folorunsho Alakija, a 61-year-old woman from
Nigeria who is reportedly worth at least $3.2 billion, or roughly $500
million more than Oprah's $2.7 billion net worth, Ventures Africa reported.
Alakija is the founder and owner of Famfa Oil, which owns a 60 per cent
interest in OML 127, an offshore oil field that produces roughly 200,000
barrels of oil per day and is worth an estimated $6.44 billion.
Also a fashion designer and philanthropist, Alakija is married and has
four grown sons, as well as one grandchild. She owns at least $100 million
in real estate and $46 million private jet, Ventures Africa reported.
Born into a wealthy Nigerian family, Alakija started out as a secretary
in the mid 1970s at the now defunct International Merchant Bank of Nigeria.
Several years later, she quit her job and moved to London, where she
studied fashion design. She later returned to Nigeria and launched her
fashion line, Supreme Stitches, which caters to upscale, high-society women.
While she was building her name as a fashion designer, Alakija in 1993
applied for an Oil Prospecting License -- an expensive permit that allows
for oil exploration in a specified area.
The Nigerian government granted her request and allocated a 617,000-acre
block of land to Alakija for oil exploration -- but she knew nothing about
finding and extracting oil.
So in September of 1996, she appointed Star Deep Water Petroleum Limited
-- a subsidiary of Texaco -- to act as a technical adviser for her business.
In 2000, Star Deep Petroleum determined that Alakija's land contained an
excess of one billion barrels of oil. When this was discovered, the
Nigerian government tried to re-acquire half of the oil-rich block it had
sold to Alakija.
The Nigerian government was successful and Alakija lost control of all
but 10 percent of her oil company until 2012, when Nigeria's highest court
reversed the government's actions.
With Alakija now back in control of 60 percent of the oil company, her
net worth has shot up to $3.2 billion, an estimate that Ventures Africa
calls extremely conservative.
Alakija's sons now run Famfa Oil and her husband, Modupe Alakija, is the
chairman of the company.
She recently purchased a $102 million property at One Hyde Park in
London, as well as a Bombardier Global Express 6000 jet, which she bought
earlier this year for $46 million.
Her charity, Rose of Sharon Foundation, gives out small grants to widows
and orphans.
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.
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.
OML 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 faceoff 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.
==============================
Edging out Oprah is Folorunsho Alakija, a 61-year-old woman from Nigeria
who is reportedly worth at least $3.2 billion, or roughly $500 million more
than Oprah's $2.7 billion net worth, Ventures Africa reported.
Alakija is the founder and owner of Famfa Oil, which owns a 60 per cent
interest in OML 127, an offshore oil field that produces roughly 200,000
barrels of oil per day and is worth an estimated $6.44 billion.
Also a fashion designer and philanthropist, Alakija is married and has four
grown sons, as well as one grandchild. She owns at least $100 million in
real estate and $46 million private jet, Ventures Africa reported.
Born into a wealthy Nigerian family, Alakija started out as a secretary in
the mid 1970s at the now defunct International Merchant Bank of Nigeria.
Several years later, she quit her job and moved to London, where she
studied fashion design. She later returned to Nigeria and launched her
fashion line, Supreme Stitches, which caters to upscale, high-society women.
While she was building her name as a fashion designer, Alakija in 1993
applied for an Oil Prospecting License -- an expensive permit that allows
for oil exploration in a specified area.
The Nigerian government granted her request and allocated a 617,000-acre
block of land to Alakija for oil exploration -- but she knew nothing about
finding and extracting oil.
So in September of 1996, she appointed Star Deep Water Petroleum Limited --
a subsidiary of Texaco -- to act as a technical adviser for her business.
In 2000, Star Deep Petroleum determined that Alakija's land contained an
excess of one billion barrels of oil. When this was discovered, the
Nigerian government tried to re-acquire half of the oil-rich block it had
sold to Alakija.
The Nigerian government was successful and Alakija lost control of all but
10 percent of her oil company until 2012, when Nigeria's highest court
reversed the government's actions.
With Alakija now back in control of 60 percent of the oil company, her net
worth has shot up to $3.2 billion, an estimate that Ventures Africa calls
extremely conservative.
Alakija's sons now run Famfa Oil and her husband, Modupe Alakija, is the
chairman of the company.
She recently purchased a $102 million property at One Hyde Park in London,
as well as a Bombardier Global Express 6000 jet, which she bought earlier
this year for $46 million.
Her charity, Rose of Sharon Foundation, gives out small grants to widows
and orphans.
==============================
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
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 pockets.
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 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 transformational 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.
The religious leaders should tell these oil block beneficiaries, awarders,
fronts, brokers and all involved in short changing the Nigerian people to
find means or returning all these back to the Nigerian people, through
massive development projects. They should curtail their constant visits to
Mecca, Medina and Jerusalem for prayers and attend to the poverty they
spread in the land. They should build affordable secondary schools,
universities, specialist hospitals, roads, silos, etc for the Nigerian
people. They should fund talent development programmes and sponsor
activities capable of alleviating poverty. The voice of impoverished
Nigerians is crying daily and if care is not taken the God who delivered
Nigeria from Abacha dark days will visit them with calamities untold. With
the rot in this oil block awarding system and other loot all over the
Nigerian nation, something worse than revolution may happen
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