Archive for February 16th, 2015

(Politics) Top 20 Oil Block Owners And Why They Want Jonathan Out By All Means @Richard

Nigeria’s economy is basically oil based, and that is one of the reasons when ever its election time everyone in the industry and ones aspiring to be, all put in every effort to enable their own associate clinch the seat. And its all some elements, particularly from the northern part of the country, and who with the information at our disposal, controls majority of the oil blocks in the country.the North wants GEJ out of the way because they fear that their licenses which will expire soon might not be renewed by jonathan.
Monumental injustice is being perpetrated to the people of Niger Delta on whose soil the oil was found.
These people constitutes the main opposition to President Goodluck Jonathan today. Please Read on:
(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 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
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 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.
Culled from How Babangida, Abubakar, Abacha, Obasanjo Shared Nigeria’s Oil Blocks – Written by Obinna Akukwe

Missing $49b: Apologise to Nigerians For Lying-Group Urges Sanusi @Richard

NNPC-432x330Following the submission of its audit report on the Nigeria National Petroleum Corporation (NNPC) by PriceWaterhouseCoopers, which indicated that only $1.48b was yet to be remitted to the federation account as against $49b mentioned as missing, a civil society group, Move On Nigeria, has called for public apology from Emir of Kano, Alhaji Muhammed Sanusi II, and the opposition party, APC, which had echoed the wild and controversial allegation. The group said as a mark of honour, the onus now falls on the Kano Emir, who as governor of the Central Bank of Nigeria (CBN), raised the initial alarm that led to the probe. In a statement made available to journalists in Abuja, the group stated that the hoax raised by Sanusi, was an embarrassment to President Goodluck Jonathan, Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke and to the Nigerian state and as such ought to be followed by an apology, having been found to be untrue. According to the group, the allegation focused more international attention on Nigeria just like the audit report did, adding that with the world watching, those who initially raised the allegation, and indeed, “all those who reached judgemental conclusions, ought to swallow their pride and tender public apology to the president, the minister and also the senate of the Federal Republic”. It said such and act will be a show of humility, natural patriotism and respect for self and others. “Recall that the incumbent Emir of Kano, Alhaji Muhammed Sanusi II, a man we all hold in high esteem, as governor of the Central Bank of Nigeria (CBN), raised the initial allegation that set off the probe by the audit firm of PriceWaterhouseCoopers. “We also note that the Senate had mandated its committee of Finance chaired by Ahmed Makarfi to investigate the allegation. Despite the senate declaring that no money was missing, the figures kept changing and eventually we were left with something like $49b missing. “That prompted Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala to institute a probe by the audit firm of PriceWaterhouseCoopers, which recently submitted the final report to President Jonathan. “In its report, the auditors stated that “1. The gross revenue generated from FGN crude oil lifting for the period 1 January 2012 to 31 July 2013, was US$69.34billion and not US$67billion reported by the Reconciliation Committee. 2. The total cash remitted into the Federation Accounts in relation to these crude oil lifting, was US$50.81billion and not US$47billion as earlier reported by the Reconciliation Committee. 3. The balance of the generated revenue is accounted for as follows: a)Revenue reported by NPDC of US$5.11billion reported by the MD, Mr. Briggs during the Senate hearings will be accounted for through the financial statements of NPDC, and any dividend declared will flow into the Federation account. b) PMS and DPK Subsidy of US$8.7billion c) NNPC’s initial costs verified and accepted by the senate of US$2.65billion d) Additional NNPC costs following the forensic audit US$2.81billion e) Added to the Revenue is the unremitted NPDC signature bonus due for divested assets and taxes/royalties totaling US$2.22billion. e) Hence the net amount attributable to the federation account following the above summary is US$1.48billion” the group said in the statement signed by its national Coordinator, Clem Aguiyi. According to the group, the audit report, which has put to rest issues involved in the allegation, makes it more than necessary for “all those who reached judgemental conclusions, ought to swallow their pride and tender public apology to the president, the minister and also the senate of the Federal Republic”. “As a group which was in support of the call for a probe, we now feel that having had the result with the allegation of $49billion missing proven to be false, we therefore call on the Emir of Kano, and indeed, all those who worked to heat up the polity and insulted the President of the Federal Republic and the Minister of Petroleum Resources, to own up to their faults and apologise to the nation”, it said

(Celebrity) See Rihanna’s $1.625.00 Boyfriend Jean @Richard

rihana4rihana3rihana2rihana1rihana

What would you possibly buy with $1.625.00?    Yeah, (#500k)!

Well Rihanna has got a better answer. A pair of Ashish sequined boyfriend jeans!  Yes baby. That is the cost of what Badgal Riri wore to the 2015 NBA All-Star game that held at Madison Square Garden in NYC yesterday Sunday February 15th. She paired it with a white cropped tank top and distressed jacket.

Guy, if anybody money is not good, just slap him. Lolz

seun

Former president Obasanjo has so many past that coming back to hunt him. It is a well known fact that Owo born retired General is not a friend to Anikulapo kuti family. Here is what Seun, second son of late Fela had to say about Obasanjo’s face off with President Goodluck Jonathan.

(Politics) PDP Expels Obasanjo Over Anti-Party Activities @Richard

The game is not over yet. Even though former president, Olusegun Obasanjo earlier today announced his departure from the ruling PDP to avoid iminent expulsion, he however did not escape the big hammer as the Ogun state chapter of the party has expelled him from the party following the public tearing of his party membership card at a ward meeting this morning.

Speaking to newsmen today in Abeokuta, Ogun state, the state PDP Chairman, Bayo Dayo, said Obasanjo has been expelled and has lost all privileges and respect of other party members

“The totality of the executive, leaders and members of PDP family in the Ogun hereby state categorically as from today Monday 16 February, 2015, Obasanjo Aremu Olusegun stands expelled and excommunicated from the party thereby losing all rights previous, privileges and respect of our teeming party members.” he said

(Boko Haram) Nigerian Military Now In Total Control @Richard

dhq2dhq1dhq3The Nigerian Defence Head Quarters has revealed that the Nigerian military has captured some Boko Haram members operating around Baga. They also said they had successfully cleared militants operating in Monguno and other communities in Borno state

Here is information from the DHQ twiter handle;

 

Real Reason Obasanjo Is Fighting Jonathan-Fani-Kayode @Rrd

ffk2

THE Peoples Democratic Party Presidential Campaign Organisation (PDPPCO), on Sunday, gave reasons former president, Chief Olusegun Obasanjo, wants President Goodluck Jonathan out of office by all means, saying the former leader has a personal grouse against Jonathan.

Addressing a press conference in Abuja, the director of publicity of the campaign organisation, Chief Femi Fani-Kayode, said Obasanjo was not happy that he had not been able to bring the Jonathan-led administration under his control.

He said Obasanjo was not interested in genuine democracy and, therefore, advised the former leader to stop using Nigeria as a pretext in his desire to realise his selfish objectives.

“After Jonathan came to power, Obasanjo not only tried to control and teleguide him, but he also asked him to do a number of things that were simply wrong and unacceptable.

“It is for President Jonathan himself to divulge those things and I am sure that he will do so at the appropriate time.

“Needless to say, President Jonathan refused to be teleguided and told what to do, though at all times, he accorded Obasanjo maximum respect, privileges, access and courtesies due to a former head of state and a father and mentor. This continued to be the case, even after Obasanjo consistently attempted to undermine his government and ridicule his efforts.

“Yet Obasanjo could not be appeased and was not satisfied. As far as he was concerned, he must either control Jonathan or Jonathan had to go. That is why he decided to secretly support the APC and became their ‘navigator in chief’.

“He was determined to pull the whole house down rather than to allow Jonathan to return to power. This is simply because he believes that if he cannot control someone, that person must be destroyed. Control and domination is an obsession for Obasanjo.

“That is the bottom line. He is prepared to put even the devil in power, provided he can control him. That is why he is so determined to stop Jonathan and put in place an interim government which he, or one of his surrogates, will head. That is his plan and he is determined to achieve it no matter what it takes.

“Obasanjo does not want genuine democracy. He only pretends to want it. What he wants is control and a stooge in power. It does not matter what type of government it is, as long as he controls it and it is headed by his puppet.

“It can be a military government, a civilian one, a democratic one, an interim government or a government of national unity. To Obasanjo, it does not matter, as long as he can control it. That is his objective. That is why he hates Jonathan so much and that is why he wishes to stop him at all costs.

“Obasanjo’s grouse with President Jonathan is personal and it has nothing to do with Nigeria. He should leave Nigeria out of it and let us all be. If he has a personal score to settle with Jonathan, he should not do so at the expense of the peace and stability of Nigeria.

“If he wants to stop Jonathan, then let him attempt to do so through the democratic process and through the ballot box and not through foul and unconstitutional means.

“We continue to hold Obasanjo in high esteem, but his recent actions and utterances are beyond the pale. He has been unfair to Jonathan, to Nigeria and even to himself.

“Most importantly, the days of intimidating others with his harsh words and overbearing influence are long over. Obasanjo is not God. Only God is God and He alone determines the fortunes of men and the destiny of nations.

“Whether he likes it or not, democracy has come to stay in Nigeria and the will of the Nigerian people will be done in next month’s presidential elections and thereafter. We believe that is God’s plan and not even one million Obasanjos can stop it.”

The campaign spokesman observed that the allegations Obasanjo made against Jonathan were serious and reckless as he has raised “issues and made assertions that are capable of derailing our democracy and creating chaos in the land.”

According to Fani-Kayode, Obasanjo was aware that Jonathan would win next month’s presidential election “and that is why he wants to destroy the credibility of the whole process right from the outset.”

He added that “what he is trying to say in his latest contribution is that if President Jonathan wins, then the election must have been rigged right from the outset.

“This is not only wrong but it is also unfair and uncharitable. If President Obasanjo has any evidence to prove his weighty allegations, he ought to present it before the Council of State and take it up there.”

On Obasanjo’s reference to President Laurent Gbagbo, Fani-Kayode reminded the former Nigerian leader of the prominent role Jonathan played in getting the former Ivorian president out of office.

“If anyone doubts this they should ask President Alhassan Outtara of Cote D’Ivoire the role Jonathan and Nigeria played in helping to restore democracy and stability back to his country.”

“They should also find out the role Obasanjo played in attempting to keep President Laurent Gbagbo in power at all costs and the deep friendship that exists between the two men.

“Again, it is ironic that Obasanjo has accused President Jonathan of having a grand plan to stay in power at all costs and by all means, yet it is the same Obasanjo that tried to stay in power for a third term, though the Nigerian constitution specifically forbade it.

“He tried all he could to change the constitution, but the whole thing failed and he was compelled to leave power.”

%d bloggers like this: