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Saturday, June 04, 2016

Oil wells in Nigeria and who they were awarded to

 Oil blocks eluded most people of the south east/south and were majorly owned by the Northerners and South westerners, due to Nepotism and Favoritism.

 
 
The Oil 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.

Nigeria's Oil blocks and who they were awarded to:-
1. Apo Well was awarded to Sapetro Oil owned by Gen Theophilus Y Danjuma. Apo field is capable of producing 300,000 barrels per day and crude reserve of 500 million barrels.

2. OML 110 Obe oil field own by Alhaji Mai Daribe, Cavendish Petroleum with an estimated 500 million barrel of crude oil that worth $50 billion dollars after tax. It was given to Alhaji Mai Daribe by the Borno Patriarch in 1996 by Sanni Abacha.

3. Akpo condensate field
was awarded to Sapetro Oil owned by Gen Theophilus Y Danjuma. This field worth $100 billions of dollars.

4. OML 112 and OML 117 were awarded to AMNI International Petroleum Development Company owned by Colonel Sanni Bello-Son inlaw to former Head of State. Gen Abdulsalami Abubakar. Its worth$150 Dollars after tax.

5. OML 115 also known as Oldwok field and Ebok field was awarded to Alhaji Mohammed Indimi-Inlaw to former Head of State Gen. Ibrahim Babangida the two fields worth $200 billion Dollars.

6. OML 215 was awarded and operated by Nor East Petroleum Limited owned by one Alhaji Saleh Mohammed Gambo. The field worth $100 billion Dollars after tax.

7. OML 108 awarded to Express Petroleum Company owned by Alhaji Aminu Dantata. This field worth $128 billion Dollars.

8. OML 113 was allocated to Yinka Folawiyo Petroleum Limited owned by Alhaji W. I. Folawiyo. Net worth is $150 billion Dollars.

9. Prince Nasiru Ado Bayero cousin to the Emir of Kano, Lamido Sanisu, owns ASUOKPU/UMUTU marginal oil fields. It worth $110 billion Dollars.

10. Inter is owned by Atiku Abubakar, Yara dua and Ado Bayero has a substantial stakes in the oil and gas exploration in the Niger Delta of Nigeria.

11. AMNI International Petroleum Company owns OML 112 and OML 117. Former Minister of Petroleum and OPEC Chairman Rilwanu Lukman has major stakes in AMNI International Petroleum Company.

12. OML 67 is operated by Afren Plc. Rilwanu lukman also has a major stakes and the field worth $180 billion Dollars.

13. OPL 245 is awarded to Malabu Oil and Gas owned by Dan Etete. Former President Obasanjo and former Vice President Atiku Abukbakar all has major shares. It worth $50 billion Dollars.
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.
14. OPL 289 and OPL 233 was awarded to Cleanwater Consortium, the two fields worth $200 billion Dollars. Former Governor Peter Odili of River State, Obasanjo and Sultan of Sokoto has major Stakes.

15. OPL 288 was awarded to focus Energy Senator Andy Uba, Obasanjo, and Gen Theophilus Y Danjuma are the major stakeholders. The field worth$70 billion Dollars.
Andy Uba's modus operandi is such that you can never see his name in any listings yet he controls OPL and OML through proxies
16. OPL 291 was awarded to Starcrest Energy Nigeria Limited owned by Emeka Offor, with the help of Obasanjo. The field worth $100 billion Dollars.
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.
17. Mike adenuga’s Conoil controls and operates Six (6) oil blocs and exports about 500,000 barrels of crude oil daily. These 6 oil blocks worth $500 billion Dollars. And it is the oldest indigenous oil exploration industry in Nigeria.

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 and others left behind
 
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.

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.
 
Written by: Obinna Akukwe
-Culled from How Babangida, Abubarkar, Abacha, Obasanjo Shared Nigeria’s Oil Blocks
Edited by RCB writers
 
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