Owners Of Richest Oil Blocks In Nigeria

The richest oil blocks in Nigeria are owned by few individuals while more than half of over 170 million Nigerians live on less than $1 daily.

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.

Former presidents; 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.

1. Apo Well was award 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.

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 Alhali 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 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.

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.

16. OPL 291 was awarded to Starcrest Energy Nigeria Limited owned by Emeka Offor. The field worth $100 billion Dollars.

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 bloc worth $500 billion Dollars.