This is President Muhammadu Buhari
During his military regime, General Buhari looted so much until he was forced out.
During Abacha Regime, Buhari was the chairman of Petroleum (Special) Trust Fund (PTF). At the PTF time, billions were mismanaged and looted, to dated nobody questioned him about it because this is One Nigeria.
Buhari looted Nigeria dry with Abacha even though he claimed Abacha stole no money – meaning he, himself also stole no money.
Former president, Dr Goodluck Johnathan left $3billion in the treasury and evidence showed that he left the money yet President Buhari is telling us that there no money in the treasury and Nigeria is broke. One would take it to mean that Buhari has looted the treasury and other places he could lay his hands on.
Buhari loves it under One Nigeria because nobody questions what he does.
Buhari has brought out a whooping N20 billion to bribe some Biafrans to speak against Biafra. And yet he claimed that Nigeria is broke. General Buhari had earmarked a slush fund to the tune of 20 billion naira to launch media attack on Biafran protesters and the Indigenous People of People of Biafra (IPOB). The money is to be used to bribe corrupt Igbo 'elders; and traditional rulers, priests, pastors, and Biafran saboteurs who bandy themselves as Biafran War veterans. Media Houses in Nigeria will also be bought over to launch a coordinated media attacks on Biafrans.
This man is more too corrupt to be president.
This is Yakubu Gowon
General Yakubu Gowon is the originator of One Nigeria’s corruption and looting.
During his military regime, General Yakubu Gowon led the civil war to keep us under One Nigeria. Even before the civil war could end he has already sold out the oil wells they could found that time of which he receives royalties to date. He looted Nigeria so much until he was forced out. Even when he was forced out, he is still being paid royalties for oil wells. A person like Yakubu Gowon would not like to see an end to One Nigeria because he will no longer get his royalties.
Yakubu Gowon is so selfish that today in his home state almost a million people have been slaughtered to date in fighting each other, he doesn’t show any concern and doesn’t want to talk about it but when you mention the winding up of One Nigeria he remembers his royalties and come out to start talking rubbish.
This is Olusegun Obasanjo
Olusegun Obasanjo is the biggest rogue Nigeria ever known. If it wasn’t for One Nigeria, if it was in other country with the same record as Obasanjo, he would have been hanged or faced a firing squad. With all the atrocities hanging over his head, nothing could be done to him because it is One Nigeria, and Obasanjo now behaves as an untouchable.
Obasanjo ruled Nigeria as a military ruler and as a civilian ruler and in all his governments both military and civilian rules nothing came out of them. He wanted to go for the 3rd term (more or less to become a dictator) but he wasn’t allowed to and that’s when political killing started in Nigeria. When he noticed that you’re opposing his 3rd term you’re a goner. Those opposed his 3rd term were mysteriously killed - that included party chairman, military chief, judge, etc. Some people even said that his wife was about to let the cat out of the bag and that’s when she died.
Obasanjo’s corruption is beyond comprehension. Talking about Abacha’s loots, Obasanjo’s loots are worse than that of Abacha. For the reason that he is one of the biggest criminals ever known in Nigeria, it is difficult to catch him on the act.
For the reason that he stole so much oil blocks, he knows that when there is no more One Nigeria, he will be forfeiting them and that includes other dubious businesses he controls, they all would come to an end once Biafra is place. Thus, to ensure that Biafra will not surpass, he deploys all kind of weapon against those behind agitation for Biafra.
According to CNN figures Obasanjo stole $25 billion from their so called One Nigeria and you tell me with this kind of money instead of him to give way, no, he is so greedy he wants more and would do anything to frustrate the effort or destroy the Biafra determination.
This is Ibrahim Babangida
General Ibrahim Babangida ruled Nigeria under a military rule as a military head of state. He has made his money by looting Nigeria dry. He owns oil block licences under One Nigeria, and if there is no more One Nigeria he will forfeit them. So the kind of person would not like Biafra to succeed because he has vested interest under One Nigeria. He is one those who doesn’t want Biafra because he is making money under One Nigeria.
According to CNN figures Babangida stole $15 billion from their so called One Nigeria and he would want One Nigeria to continue existing because he can make more money.
More to come
How Babangida, Abacha, Obasanjo Shared Nigeria’s Oil Blocks
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.
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.
Editor’s note: This guest post is written by Obinna Akukwe, Post was earlier published on AfricanHeraldexpress.
Posted on April 29, 2012 Author: Obinna AkukweCategories