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   20 OWNERS OF RICHEST OIL BLOCKS IN NIGERIA
   (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 much as $2million dollars, and if
   the official’s father died, the condolence gift
   could reach $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 to Cavendish Petroleum owned by Alhaji
   Mai Deribe, 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.
   ( 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