Thursday, 1 November 2018
20 owners of richest oil blocks in Nigeria. Oil blocks baranda.
(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) 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.
(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.
(8) 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.
BEHOLD THEIR PRESIDENTIAL CANDIDATE - ATIKU ABUBAKAR!!!!
I just laugh when I read comments that suggest some Nigerians see ATIKU as an "accomplished" business man who has the interest of Nigeria at heart. What an error.
I could forgive and ignore if such comments come from the under 25s because they obviously wouldn't know what this man called Atiku did to their future. Sadly, we don't have history being taught in schools neither do we have people chronicling events in our country and writing for the coming generations to read and be informed. If these under 25s or even under 30s knew, they would be wrapping bombs around themselves and looking for Atiku. Please don't get me wrong. I'm not advocating for violence on a man who obviously deserves it. I'm just trying to emphasize how bad people like Atiku have set this country up for failure and the reason we are where we are today which mischievous people now blame on Buhari who has only been there for 3 years plus.
What hurts me personally is when you find people of 45 years and above referring to Atiku as "accomplished businessman" and messiah. Where is that coming from. If one is not careful, one would lose hope in this country because of collective amnesia we display. Those who should teach the young have become those misinforming and misleading them. Very sad indeed. If for nothing, we should fear God unto whom all hearts are open, all desires known and to whom no secrets are hidden (excerpt from the Collect For Purity of the Anglican Communion).
As the man saddled with the responsibility by the then President Olusegun Obasanjo, Abubakar Atiku as Vice President and Head of National Council on Privatization (NCP) from 1999 started digging Nigeria's economic grave for today's extreme poverty and unemployment. This is not a sensational information. The records are there. I was an active participant in that privatisation at some point because I headed the Corporate Finance of a bank that was an active player in the privatisation process.
There were about 400 Federal Government assets then, if I'm not underestimating. They were assets our heroes past invested in so that we have a prosperous tomorrow (which has suddenly come) and a bright future. Huge real estate assets were part of it. Our heroes past had great visions. We should not be talking about unemployment, low economic growth and poverty in Nigeria today if we had only 20% of that vision and built of the legacies they left.
When the FG decided to sell, some of us wandered why but we also understood that nothing run by government has ever succeeded in this country. What belongs to all belongs to nobody is our natural philosophy in Nigeria. We have a public service that has become the chronic enemy of Nigeria. If we want this country to move forward one of the things we must do is to reform the entire public service. That would be a process of exorcising that service. That is story for another day. So, we wondered why sell but it was a no brainer to rationalise. We were hoping that the process would make those national assets much better off than they were. If was a no brainer too to think through how this could be achieved. Most of us looked forward to being part of the process that would see to the turnaround of those assets.
Atiku was Chairman of NCP and he started selling. First, the process was wrong, it did not take care of the future and the valuation of those assets was laden with a preemptive intention to defraud the entire people of Nigeria.
It would be nice for Atiku to come up with his side of the story. He should write a book on his time as NCP if he's as intelligent as some of you are quick to credit him with. It would generate interesting reactions. Atiku is only a smooth talker full of lies and deception. You should understand if a man could marry 4 wives from different regions. Smooth operator. Atiku should tell us who bought what, the rationale for choosing them, how the interest of the country was protected and what was left for the country when he left power, how the country is better off through a process he supervised. Atiku sold everything without any thought for today, without any thought for the future of Nigeria, without any thought for the ability of the buyers to make the best of the assets they bought, make it better and give the desired value. The question that informed people should ask is, how come almost all the national assets were bought by Nigerians and just a few with questionable foreign partners? Did it mean that no foreign investor was interested in a huge market like Nigeria and in the sale of major infrastructures and critical assets for industrialization that we were foolishly selling to all comers? Atiku should answer that question if the claim that he's an accomplished businessman and messiah can ever be correct even in the most primitive definition of that phrase. A businessman and messiah that sold at a loss, a businessman that sold to those who wouldn't add value, a businessman that sold to those who wouldn't bring in the much desired foreign capital. What sort of businessman is that? Over 90% of the money used to buy those assets were local and borrowed from local banks. It was so bad that many banks went under on account of that privatisation. Atiku and his committee did not find foreign investors worthy because the key foreign investors that were interested were not ready to "play ball" and were not comfortable with Atiku heading NCP. Greed and selfishness made Atiku and his committee to rather kill the future of this country.
Imagine the following national assets as some of the ones sold:
Nigeria Fertilizer Company
Eleme Petrochemical
Daily Times
Ughelli Power
Egbin Power
NICON Insurance
Aluminium Smelting Company
Transcorp Hilton Hotel
NICON Luxury Hotel
Sunti Sugar Ltd
NetCom House
Bacita Sugar Ltd
Major Assets of Nigeria Airways
Nigeria Machine Tools, Osogbo
NITEL
Tell me which of these assets would not be employing thousands of our youths today. Tell me which ones would not reduce our demand for FX. Tell me which one would not create multiplier opportunities for the growth of SMEs.
We should be weeping and be full of hatred for people under which this robbery and rape happened, the PDP. Rather than think of how we got here, we have started elevating them as heroes and messiahs so that they can come back to finish up the job and finish up the country. Is something wrong with us as a people? Do we easily forget? Were we created by another god?
Please imagine where Nigeria would be if we have those assets being well run with huge foreign capital inflows. How would a country like South Africa or even small Botswana or Rwanda have gone about this same process of privatisation? They would have made sure that they sell to attract huge inflow of foreign capital. They would have made sure that whoever bought will be able to make those assets to compete with the best in the world. They would have made sure the country retained a minor percentage for the future. They would have ensured there was real transfer of technology. They would have ensured some form of royalty is paid to the government annually on account of the evergreen goodwill of FG on those assets. This is basic business thinking. This is what someone who has the interest of Nigeria would do.
In 2007, Onigbolo Cement operating at 500,000 tonnes per annum was sold to Dangote at N1.7billion. Laughable to those who can see beyond the ordinary. A cement plant sold for less than $4million fa!
To those selling Atiku, you may need to check the records of the Nigerian Senate public hearing of August, 2011 to wake you up from this deep slumber and personality analysis error. That report succinctly captures how Atiku, through retinue of cohorts, fronts, shell companies, ring fenced over 70% of FG's assets through a brazen daylight robbery and gross abuse of the privatization process that he supervised. Please find time to read. It helps to take informed decisions. The records are there on your "accomplished businessman" and messiah creating thousands of jobs after killing millions. There is nothing sensational in my narratives. Its real life facts and all the Senators are alive today. It's shameful that they are not talking or carrying placards. If I have money, I will print that report and give free to all Nigerians and translate into the three major languages.
The 2011 privatization Senate Committee was made up of Senator Ahmed Lawan as Chairman, Senators Babafemi Ojudu, Philip Aduda, Mohammed Ndume, Ifeanyi Okowa, Hope Uzodinma and Mohammadu Magoro.
Lets look at Aluminium Smelting Company, ALSCON, that Atiku privatized. A very major asset that could solve multiple problems. ALSCON which Nigeria's heroes past built with $3.2 billion, was sold to a useless Russian firm, Russal for $130million by your accomplished businessman whose only business is stealing from you and i. As of the time of sale, ALSCON had received $120million for the dredging of Imo River, but was never done. They bought a company that had cash of $120m for $130m. Please do the maths.
When the Senate Seating of August, 2011 asked the Russian company the whereabouts of the $120million dredging money, the company's Deputy Managing Director, Vitaly Kuzrestov, said that the money has been used for Environment Impact Assessment." $120million for EIA? Laaaakuli! Short of saying we handed it over to Atiku but we can't say. ALSCON is still struggling. A major employer of labour with all the jobs requiring aluminum in this country still struggling.
FG's 5% share in Eleme Petrochemical worth USD27 million was never presented to at the National Council on Privatization before it was sold to Indorama. They are Atiku's friends. Indorama recovered this amount paid by just selling Polyethylene and Urea to the entire west Africa sub-region in just 14 months. They made their money back. What an "accomplished businessman" and messiah Atiku is. So he did not see this opportunity? Issokay o.
The Atikulate Business Theory of the "Messiahnic Accomplished Businessman" Atiku is simply: Sell to yourself and to your friends government assets that leaves millions in penury, set up personal businesses that provides for a few, be relevant in politics to hide your past sin, brainwash the youths you have stolen their future.
Atiku didn't employ the few hundreds he employed because he likes them, he needs them to work to preserve what he took from Government. QED. The business acumen of Atiku that most of you are bandying about and celebrating is smelly. Let's ask the simple question, after he left Nigerian Customs what business did Atiku do, how much money did he save and what return on investment has he recorded year on year to give him the stupendous wealth he's using to oppress us. These are questions we should ask because they are questions they would ask in decent societies. You all condemn Buhari because he chose to remain in his area of business strength that would not give him smelly wealth. Not everyone wants the kind of wealth we are crazy about in this country. You complain that Buhari's herds of cattle should have been bigger when the man just wants what will give him peace of mind and maintain his integrity. He's contented. Has that become a crime in our land? He understands that with contentment in our land everyone will be happy but that contentment will never happen if some people keep oppressing us with what they have directly or indirectly stolen from government and stolen from our commonwealth.
You rather extol a man who supervised sale of over 145 key Federal Government investments as a Vice President, without a thought for today. He still wants to be president and we just chose to ignore his sins of the past that is hurting us today. You would rather blame a man that got there barely 3 years ago for all the pains we are going through. I don't just get it. The drug for our kind of amnesia can never be found. Does a country just go bad in 3 years? Why can't we just see the trap? What about Buhari that offends people so much that they would rather hand Nigeria over to "Barnabas"? Initially it was the claim that he's Fulani. Another Fulani came, that noise died down. They say he's lifeless. If he is lifeless in your experience as medical doctors, is his Vice President lifeless too? What's the worst that could happen to a lifeless person? Is his VP not fit and proper to take over? Shouldn't that possibility excite us more? I want to believe there's more to this. It's either we are all hoping the era of corruption continues so that our own time will come or as a people we just don't know what we want or what is good for us which is indeed a tragedy.
Atiku that you want to put in charge of over $45billion in foreign reserve did not think or argue that these national assets he sold be turned around by Turnaround Management Firms scattered all over the world. That wouldn't put huge money in his account.
He did not think to revitalise these assets by changing management and staff.
He did not think of how the country can attract billions and billions of foreign capital through the sale of these assets as we have seen in less endowed countries.
Atiku sold them to whomever will play ball. The chicken has come home to roost, the huge youthful population that our heroes past envisaged when investing in these assets have come of age, they need jobs and cannot find jobs. Sadly, they know not who afflicted these misery on them. They are singing the praise of the man who supervised the rape of their future. Very sad indeed.
One thing is sure. For those who know the truth and say it, God sees. For those who know the truth and don't say it, God sees. For those who are simply being mischievous with the position they have taken, God sees also. For those who are confronted with facts and choose to ignore, God sees. He judges everyone by what He sees.
May God save Nigeria 🇳🇬. And quickly too!
Copied!!!!!!!!
I could forgive and ignore if such comments come from the under 25s because they obviously wouldn't know what this man called Atiku did to their future. Sadly, we don't have history being taught in schools neither do we have people chronicling events in our country and writing for the coming generations to read and be informed. If these under 25s or even under 30s knew, they would be wrapping bombs around themselves and looking for Atiku. Please don't get me wrong. I'm not advocating for violence on a man who obviously deserves it. I'm just trying to emphasize how bad people like Atiku have set this country up for failure and the reason we are where we are today which mischievous people now blame on Buhari who has only been there for 3 years plus.
What hurts me personally is when you find people of 45 years and above referring to Atiku as "accomplished businessman" and messiah. Where is that coming from. If one is not careful, one would lose hope in this country because of collective amnesia we display. Those who should teach the young have become those misinforming and misleading them. Very sad indeed. If for nothing, we should fear God unto whom all hearts are open, all desires known and to whom no secrets are hidden (excerpt from the Collect For Purity of the Anglican Communion).
As the man saddled with the responsibility by the then President Olusegun Obasanjo, Abubakar Atiku as Vice President and Head of National Council on Privatization (NCP) from 1999 started digging Nigeria's economic grave for today's extreme poverty and unemployment. This is not a sensational information. The records are there. I was an active participant in that privatisation at some point because I headed the Corporate Finance of a bank that was an active player in the privatisation process.
There were about 400 Federal Government assets then, if I'm not underestimating. They were assets our heroes past invested in so that we have a prosperous tomorrow (which has suddenly come) and a bright future. Huge real estate assets were part of it. Our heroes past had great visions. We should not be talking about unemployment, low economic growth and poverty in Nigeria today if we had only 20% of that vision and built of the legacies they left.
When the FG decided to sell, some of us wandered why but we also understood that nothing run by government has ever succeeded in this country. What belongs to all belongs to nobody is our natural philosophy in Nigeria. We have a public service that has become the chronic enemy of Nigeria. If we want this country to move forward one of the things we must do is to reform the entire public service. That would be a process of exorcising that service. That is story for another day. So, we wondered why sell but it was a no brainer to rationalise. We were hoping that the process would make those national assets much better off than they were. If was a no brainer too to think through how this could be achieved. Most of us looked forward to being part of the process that would see to the turnaround of those assets.
Atiku was Chairman of NCP and he started selling. First, the process was wrong, it did not take care of the future and the valuation of those assets was laden with a preemptive intention to defraud the entire people of Nigeria.
It would be nice for Atiku to come up with his side of the story. He should write a book on his time as NCP if he's as intelligent as some of you are quick to credit him with. It would generate interesting reactions. Atiku is only a smooth talker full of lies and deception. You should understand if a man could marry 4 wives from different regions. Smooth operator. Atiku should tell us who bought what, the rationale for choosing them, how the interest of the country was protected and what was left for the country when he left power, how the country is better off through a process he supervised. Atiku sold everything without any thought for today, without any thought for the future of Nigeria, without any thought for the ability of the buyers to make the best of the assets they bought, make it better and give the desired value. The question that informed people should ask is, how come almost all the national assets were bought by Nigerians and just a few with questionable foreign partners? Did it mean that no foreign investor was interested in a huge market like Nigeria and in the sale of major infrastructures and critical assets for industrialization that we were foolishly selling to all comers? Atiku should answer that question if the claim that he's an accomplished businessman and messiah can ever be correct even in the most primitive definition of that phrase. A businessman and messiah that sold at a loss, a businessman that sold to those who wouldn't add value, a businessman that sold to those who wouldn't bring in the much desired foreign capital. What sort of businessman is that? Over 90% of the money used to buy those assets were local and borrowed from local banks. It was so bad that many banks went under on account of that privatisation. Atiku and his committee did not find foreign investors worthy because the key foreign investors that were interested were not ready to "play ball" and were not comfortable with Atiku heading NCP. Greed and selfishness made Atiku and his committee to rather kill the future of this country.
Imagine the following national assets as some of the ones sold:
Nigeria Fertilizer Company
Eleme Petrochemical
Daily Times
Ughelli Power
Egbin Power
NICON Insurance
Aluminium Smelting Company
Transcorp Hilton Hotel
NICON Luxury Hotel
Sunti Sugar Ltd
NetCom House
Bacita Sugar Ltd
Major Assets of Nigeria Airways
Nigeria Machine Tools, Osogbo
NITEL
Tell me which of these assets would not be employing thousands of our youths today. Tell me which ones would not reduce our demand for FX. Tell me which one would not create multiplier opportunities for the growth of SMEs.
We should be weeping and be full of hatred for people under which this robbery and rape happened, the PDP. Rather than think of how we got here, we have started elevating them as heroes and messiahs so that they can come back to finish up the job and finish up the country. Is something wrong with us as a people? Do we easily forget? Were we created by another god?
Please imagine where Nigeria would be if we have those assets being well run with huge foreign capital inflows. How would a country like South Africa or even small Botswana or Rwanda have gone about this same process of privatisation? They would have made sure that they sell to attract huge inflow of foreign capital. They would have made sure that whoever bought will be able to make those assets to compete with the best in the world. They would have made sure the country retained a minor percentage for the future. They would have ensured there was real transfer of technology. They would have ensured some form of royalty is paid to the government annually on account of the evergreen goodwill of FG on those assets. This is basic business thinking. This is what someone who has the interest of Nigeria would do.
In 2007, Onigbolo Cement operating at 500,000 tonnes per annum was sold to Dangote at N1.7billion. Laughable to those who can see beyond the ordinary. A cement plant sold for less than $4million fa!
To those selling Atiku, you may need to check the records of the Nigerian Senate public hearing of August, 2011 to wake you up from this deep slumber and personality analysis error. That report succinctly captures how Atiku, through retinue of cohorts, fronts, shell companies, ring fenced over 70% of FG's assets through a brazen daylight robbery and gross abuse of the privatization process that he supervised. Please find time to read. It helps to take informed decisions. The records are there on your "accomplished businessman" and messiah creating thousands of jobs after killing millions. There is nothing sensational in my narratives. Its real life facts and all the Senators are alive today. It's shameful that they are not talking or carrying placards. If I have money, I will print that report and give free to all Nigerians and translate into the three major languages.
The 2011 privatization Senate Committee was made up of Senator Ahmed Lawan as Chairman, Senators Babafemi Ojudu, Philip Aduda, Mohammed Ndume, Ifeanyi Okowa, Hope Uzodinma and Mohammadu Magoro.
Lets look at Aluminium Smelting Company, ALSCON, that Atiku privatized. A very major asset that could solve multiple problems. ALSCON which Nigeria's heroes past built with $3.2 billion, was sold to a useless Russian firm, Russal for $130million by your accomplished businessman whose only business is stealing from you and i. As of the time of sale, ALSCON had received $120million for the dredging of Imo River, but was never done. They bought a company that had cash of $120m for $130m. Please do the maths.
When the Senate Seating of August, 2011 asked the Russian company the whereabouts of the $120million dredging money, the company's Deputy Managing Director, Vitaly Kuzrestov, said that the money has been used for Environment Impact Assessment." $120million for EIA? Laaaakuli! Short of saying we handed it over to Atiku but we can't say. ALSCON is still struggling. A major employer of labour with all the jobs requiring aluminum in this country still struggling.
FG's 5% share in Eleme Petrochemical worth USD27 million was never presented to at the National Council on Privatization before it was sold to Indorama. They are Atiku's friends. Indorama recovered this amount paid by just selling Polyethylene and Urea to the entire west Africa sub-region in just 14 months. They made their money back. What an "accomplished businessman" and messiah Atiku is. So he did not see this opportunity? Issokay o.
The Atikulate Business Theory of the "Messiahnic Accomplished Businessman" Atiku is simply: Sell to yourself and to your friends government assets that leaves millions in penury, set up personal businesses that provides for a few, be relevant in politics to hide your past sin, brainwash the youths you have stolen their future.
Atiku didn't employ the few hundreds he employed because he likes them, he needs them to work to preserve what he took from Government. QED. The business acumen of Atiku that most of you are bandying about and celebrating is smelly. Let's ask the simple question, after he left Nigerian Customs what business did Atiku do, how much money did he save and what return on investment has he recorded year on year to give him the stupendous wealth he's using to oppress us. These are questions we should ask because they are questions they would ask in decent societies. You all condemn Buhari because he chose to remain in his area of business strength that would not give him smelly wealth. Not everyone wants the kind of wealth we are crazy about in this country. You complain that Buhari's herds of cattle should have been bigger when the man just wants what will give him peace of mind and maintain his integrity. He's contented. Has that become a crime in our land? He understands that with contentment in our land everyone will be happy but that contentment will never happen if some people keep oppressing us with what they have directly or indirectly stolen from government and stolen from our commonwealth.
You rather extol a man who supervised sale of over 145 key Federal Government investments as a Vice President, without a thought for today. He still wants to be president and we just chose to ignore his sins of the past that is hurting us today. You would rather blame a man that got there barely 3 years ago for all the pains we are going through. I don't just get it. The drug for our kind of amnesia can never be found. Does a country just go bad in 3 years? Why can't we just see the trap? What about Buhari that offends people so much that they would rather hand Nigeria over to "Barnabas"? Initially it was the claim that he's Fulani. Another Fulani came, that noise died down. They say he's lifeless. If he is lifeless in your experience as medical doctors, is his Vice President lifeless too? What's the worst that could happen to a lifeless person? Is his VP not fit and proper to take over? Shouldn't that possibility excite us more? I want to believe there's more to this. It's either we are all hoping the era of corruption continues so that our own time will come or as a people we just don't know what we want or what is good for us which is indeed a tragedy.
Atiku that you want to put in charge of over $45billion in foreign reserve did not think or argue that these national assets he sold be turned around by Turnaround Management Firms scattered all over the world. That wouldn't put huge money in his account.
He did not think to revitalise these assets by changing management and staff.
He did not think of how the country can attract billions and billions of foreign capital through the sale of these assets as we have seen in less endowed countries.
Atiku sold them to whomever will play ball. The chicken has come home to roost, the huge youthful population that our heroes past envisaged when investing in these assets have come of age, they need jobs and cannot find jobs. Sadly, they know not who afflicted these misery on them. They are singing the praise of the man who supervised the rape of their future. Very sad indeed.
One thing is sure. For those who know the truth and say it, God sees. For those who know the truth and don't say it, God sees. For those who are simply being mischievous with the position they have taken, God sees also. For those who are confronted with facts and choose to ignore, God sees. He judges everyone by what He sees.
May God save Nigeria 🇳🇬. And quickly too!
Copied!!!!!!!!
Monday, 29 October 2018
STORIESTY Danjuma Dissociates Self From Divisive Statement
Former minister of Defence, Lieutenant General Theophilus Danjuma (rtd), yesterday disassociated himself from a news report suggesting that he accused President Muhammadu Buhari of planning to accommodate all West African Fulanis in the entire Southern and Middle Belt regions of Nigeria.
Danjuma was in the statement which went viral in the social media yesterday alleged to have said that the people of Middle Belt, South West, South South and South East should forget about 2019 elections and first fight back the Fulani murderous invaders and reclaim their lands, which are now under herdsmen.
But in a statement issued on his behalf by former minister of Water Resources, Chief Obadiah Ando, Danjuma said the divisive statement did not emanate from him or from anybody authorised by him.
Ando regretted that such derogatory statement entitled “Choose your own Fulani with care” was mischievously and falsely attributed to him.
He urged Nigerians to dissociate TY Danjuma from the contents of the post and ignore the statement.
The statement reads in part: “My attention has been drawn to posts making social media rounds, relaying statement allegedly made by Lt. Gen T.Y Danjuma, among which is one titled “Choose your own Fulani with care”, purportedly directed at people of South-West, South-Central, South-South and South-East.
“It is important to set records straight by making it clear to all citizens that these statements did not emanate from Lt. Gen. Danjuma or from persons authorized by him, but have been mischievously and falsely attributed to him.
“Lt. Gen Danjuma dissociates himself from the contents of these posts and urges Nigerians to ignore them
Copyright LEADERSHIP.
OBASANJO ON TACKLING HIS POLITICAL ENEMY, ATIKU AND OTHERS
“By the Constitution, I had to inaugurate the National Assembly on June 4, 1999. The most important officer in the National Assembly is the senate president and that office had been zoned to the South-east. And here was where Atiku Abubakar, my vice-president, first showed his hand and his character.
“Without seeking my view or approval, he started planning the installation of Chuba Okadigbo as the senate president. I did a background check on Chuba including his past as a student and made enquiries about him in the National Party of Nigeria (NPN) under (President Shehu) Shagari and no one would recommend him for the post of senate president.
“I left Atiku to go on his chase while I carried out a meticulous and detailed investigation and background check on each senator from the South-east. The one that appeared most appoint-able was Evan Enwerem. I canvassed the senate across the board for his election and he was elected. Atiku did not expect it and he felt sore.
“He began to strategise for Enwerem to be removed and Chuba Okadigbo to be installed. His strategy worked because I was at Abuja airport to receive a visiting head of state when the news reached me that the Senate had impeached Enwerem and elected Okadigbo. I was not perturbed. I came to understand from some senators including Florence Ita-Giwa, who later became my Special Adviser/ Liaison Officer to the National Assembly, that Atiku distributed US$5,000 each to some senators to carry out the ‘coup’.
“That was the beginning of bribing the legislature to carry out a particular line of action to suit or satisfy the purpose or desire of an individual or a group. The National Assembly had tasted blood and they would continue to want more. From the day I nominated Atiku to be my vice, he set his mind not for any good, benefit or service of the country, but on furiously planning to upstage, supplant or remove me at all cost and to take my place.
“That was what I brought him for, but he was impatient and over-ambitious. He was not ready to learn and to wait. His marabout, who predicted that despite being elected as governor, he would not be sworn in as a governor, which happened, also assured him that he would take over from me in a matter of months rather than years.
“All his plans, appointments of people and his actions were towards the actualisation of his marabout’s prediction. Once I realised his intention and programme, I watched him like a hawk without giving any indication of what I knew and letting down my guard. I could not succumb to the distraction, diversion and malevolence of an ambitious but unwise deputy.
“The work in hand was more important than a confrontational relationship with my deputy, a man over whom I knew I had far more experience and outreach in all matters. To alert him of what I knew he was up to, would only lead to lying, denial, more mischievous plans and more duplicity on his part.
“He was better managed that way. What was important was not allowing myself to be surprised or outmanoeuvred by him. I must always seize the initiative and know what was going on if not in his mind, but at least in his camp. That I did very effectively.
“Sometime in the fourth quarter of 2004, an associate of Atiku came to my residence at the Aso Villa from Atiku’s official residence. He felt uncomfortable and I tried to make him feel at ease. Then, he settled to tell me the story of what had just transpired in Atiku’s residence. I listened with rapt attention.
“He went on to say that Atiku told him that for him to become the President of Nigeria, the 2007 elections were only a formality.
“The seven ingredients he needed for his enthronement were already in his hands. He controlled the National Assembly because both the President of the Senate and the Speaker of the House of Representatives were in his pocket. He controlled twenty-eight out of thirty-six governors. He had control of the media. His influence over the judiciary was overwhelming.
“What he needed was foreign endorsement and for that he had employed two lobby groups in the US and one in the UK. And finally, the money for the elections was in his purse.
“When the man finished, I thanked him without passing any comment. The man was surprised at my reaction and asked, ‘You have nothing to say to these?’ I said that I had nothing to say and I immediately called my ADC, Chris Jemitola, to play a game of squash with me.
“On our way to the squash court with my ADC, I said, ‘People at times make plans and leave God out of their plans.’ My casual remark struck Chris and he said, ‘Sir, that was a profound statement.’ I said that I made the statement because of what I had just heard of Atiku’s plan. I was not convinced he had put God in his plans.
“Atiku was confident and God was laughing. Most of Atiku’s ingredients soon started to fall out of place one by one. The first was the party, PDP.
“He thought I was powerless and had no clue about the execution of his plan with his group; part of his attack on me was for national chairman of the party to give the first salvo, then other things would follow as his grip on the party would be firm and consolidated.
“That salvo came in the form of a letter to me from the chairman of the party, Audu Ogbeh, who had fully defected with (Iyorchia) Ayu to Atiku.
“The letter, which was not the product of any issue or matter discussed with or at any party meeting, came suddenly. When I received it, I could read the sinister intention behind it.
“I spent that night writing my reply and I sent it in the morning. My reply was clear.
I wondered why Atiku and his group did not realise that with my reply, the battle line was clear or maybe they thought that the seven ingredients would remain intact to the end.
“My assistants had moles within the Atiku group. Anything that they planned would be reported. That was the case after Ogbeh’s letter. They decided that Ogbeh should appear remorseful and come with the National Working Committee to apologise to me. It was not from their hearts, but to lure me to a ‘killing ground’.
“All pieces of information that were reported were verified because it would not come from only one informant.
“Timely information is a very important principle of war and also of politics. In politics, just as in war, what matters is not just your plan, but knowledge of your opponent’s plan. Knowing their plan, I had the choice of playing along with them or being firm, I chose the latter.
“I told Ogbeh that my relationship with him as national chairman and me as national leader of the party was based on mutual confidence and trust. But with his letter, my reply and what I knew of him then, I could no longer work with him in confidence and trust.
“There were only two choices left for both of us in our best interest and that of the party – he, leaves as chairman or I leave as leader of the party.
“The following Sunday, I called at his house, which I had done on several occasions in the past when there was an important party matter to discuss. This time, I asked him to give me an undated letter of resignation as the national chairman.
“I waited, he gave me but it was wrongly addressed to me rather than to the national secretary of the party as stipulated in the party’s constitution.
“Ogbeh reported to his group and it was decided by them to play on and to wait for my disgrace whenever I presented a letter of resignation not addressed to the national secretary.
“The informants did their job and I, once again, paid another visit to Ogbeh at his residence. He entertained me to a meal and drink, and changed the addressee on his letter of resignation.
“It would appear he never reported the change to his group. When I considered it opportune and appropriate, the letter was dated and presented to National Executive Committee of the party, which regrettably accepted the resignation.
“With that, whatever control Atiku claimed to have over the party began to crumble. But he did not think so and went on to boast that if I made my daughter the national chairman, it would be a matter of weeks not months before he would put her in his pocket.
“I therefore had to look for a successor chairman, who would be too big, uncompromising and inflexible to be lured and controlled by Atiku. I found such a man in
Senator (Dr.) Amadu Ali, whom I had known many years earlier as a medical doctor in the army…”
Let me shake PDP small.
*Copied*
In 2008, the former PDP chairman Ahmodu Ali suggested a new Headquarters should be constructed for their party, PDP. The idea was welcomed by all party members.
A 12 story building was agreed upon. The former Vice President who at the time was the Governor of Kaduna State, Architect Namadi Sambo, designed the structure of the proposed new secretariat.
The contract was awarded to BNL construction firm for N10billion with a delivery date of two and half years. First quarter of that year, Ahmodu Ali was kicked out of office.
Then came a new PDP Nat. Chairman, Vincent Ogbulafor, who keyed into the idea of the new Secretariat by his predecessor. He quickly rallied round party members on how to raise funds.
By November 14, 2008, Ogbulafor organized a fundraising dinner for the N10billion needed to execute the project. On that night, N6billion was generated cash down. 🕺👋
Femi Otedola was the baba olowo in attendance. He was the highest donor. You know Femi Otedola na. Don't you? Ok! You remembered Farouk Lawal & subsidy money kwo? Ehen, na that Femi wey been dey swallow subsidy money that Farouk wanted to rope him before Femi come use akpako pass akpako on him. Femi single handedly donated N1billion to PDP on the night. No shaking! PDP! POWER!!!
This one no be dem say dem say, I watched that fund raising dinner live on AIT on that day. I saw the massive explosion of cheers when Femi announced his N1billion donation. 🌌🌌
Back to my story jare.
So, five years later after the fundraising dinner, the secretariat was nowhere near 20% completion even though N6billion was raised for the project that was initially meant to be completed in 2 & a half years.
However, in October 2013, another former National Chairman of PDP, this time, it was Bamanga Tukur, he initiated fresh moves to re-mobilise the contractors back to site. How? Through fundraising of course. Are you a learner? 😐
In December 2014 a combined fundraising dinner was organized to raise funds for Mr. Jonathan's 2015 presidential election and for the building project. A mouth watering & mind boggling sum of N21 billion was realized at the event. Yes! You heard me right: N21billion. Is it ur N21billion? 😡😡👎🏼
I know a lot of us are not very good at mathematics, but let's do this quick maths.
N6billion + N21billion = N27billion. Blood of Moses! Meanwhile, the secretariat originally was meant to cost "only" N10billion.
Lest I forget to tell you, only N2billion was given to BNL construction company as mobilisation from the N6billion that was raised from the initial fundraising. Balance from there was N4billion. Therefore; N4billion + N21billion?
The remaining N25billion was converted to yams & eaten up by goats of many breeds. Lol 😅😂😂
At the time I typed this post at 02:37am this morning, the new PDP headquarters in Abuja is still not 50% completed.
This brings me to a saying by a character in the gods are not to blame; Odewole said;" If the crocodiles can eat up their own eggs, what can they not do to the body of the frog"?
I'm begging all my PDP friends to take this message to Secondus, ATIKU & Wike, PDP should finish building their secretariat in Abuja first before they come to build the entire Nigeria. Tankiu!
#Gben.
In 2008, the former PDP chairman Ahmodu Ali suggested a new Headquarters should be constructed for their party, PDP. The idea was welcomed by all party members.
A 12 story building was agreed upon. The former Vice President who at the time was the Governor of Kaduna State, Architect Namadi Sambo, designed the structure of the proposed new secretariat.
The contract was awarded to BNL construction firm for N10billion with a delivery date of two and half years. First quarter of that year, Ahmodu Ali was kicked out of office.
Then came a new PDP Nat. Chairman, Vincent Ogbulafor, who keyed into the idea of the new Secretariat by his predecessor. He quickly rallied round party members on how to raise funds.
By November 14, 2008, Ogbulafor organized a fundraising dinner for the N10billion needed to execute the project. On that night, N6billion was generated cash down. 🕺👋
Femi Otedola was the baba olowo in attendance. He was the highest donor. You know Femi Otedola na. Don't you? Ok! You remembered Farouk Lawal & subsidy money kwo? Ehen, na that Femi wey been dey swallow subsidy money that Farouk wanted to rope him before Femi come use akpako pass akpako on him. Femi single handedly donated N1billion to PDP on the night. No shaking! PDP! POWER!!!
This one no be dem say dem say, I watched that fund raising dinner live on AIT on that day. I saw the massive explosion of cheers when Femi announced his N1billion donation. 🌌🌌
Back to my story jare.
So, five years later after the fundraising dinner, the secretariat was nowhere near 20% completion even though N6billion was raised for the project that was initially meant to be completed in 2 & a half years.
However, in October 2013, another former National Chairman of PDP, this time, it was Bamanga Tukur, he initiated fresh moves to re-mobilise the contractors back to site. How? Through fundraising of course. Are you a learner? 😐
In December 2014 a combined fundraising dinner was organized to raise funds for Mr. Jonathan's 2015 presidential election and for the building project. A mouth watering & mind boggling sum of N21 billion was realized at the event. Yes! You heard me right: N21billion. Is it ur N21billion? 😡😡👎🏼
I know a lot of us are not very good at mathematics, but let's do this quick maths.
N6billion + N21billion = N27billion. Blood of Moses! Meanwhile, the secretariat originally was meant to cost "only" N10billion.
Lest I forget to tell you, only N2billion was given to BNL construction company as mobilisation from the N6billion that was raised from the initial fundraising. Balance from there was N4billion. Therefore; N4billion + N21billion?
The remaining N25billion was converted to yams & eaten up by goats of many breeds. Lol 😅😂😂
At the time I typed this post at 02:37am this morning, the new PDP headquarters in Abuja is still not 50% completed.
This brings me to a saying by a character in the gods are not to blame; Odewole said;" If the crocodiles can eat up their own eggs, what can they not do to the body of the frog"?
I'm begging all my PDP friends to take this message to Secondus, ATIKU & Wike, PDP should finish building their secretariat in Abuja first before they come to build the entire Nigeria. Tankiu!
#Gben.
Sunday, 28 October 2018
Only idle people discuss Buhari’s certificate saga – Femi Adesina
![President Muhammadu Buhari [Pix: Daily Post Nigeria]](https://i1.wp.com/media.premiumtimesng.com/wp-content/files/2018/10/buhari.jpg?fit=800%2C451&ssl=1)
President Muhammadu Buhari [Pix: Daily Post Nigeria]
The presidency has waved aside the new controversy over the claim by President Muhammadu Buhari that his academic credentials are in custody of the Nigerian Army.
Mr Buhari made the claim in an affidavit he submitted to the Independent National Electoral Commission (INEC) as the flag bearer of the ruling All Progressives Congress (APC) for the 2019 presidential election.
The submission drew furious reactions among his critics, as it did in 2015 when he had also made the same claim.
But his spokesperson, Femi Adesina, said those speaking about it are idle as the issue has been laid to rest already.
“The certificate saga is a dead issue, only idle people will consider it,” the Special Adviser on Media and Publicity to the President said when contacted by The Nation on Saturday.
“It is something that had been laid to rest before the 2015 general elections,” he added.
“Those raising the issue (PDP and others) are idle and they have run out of ideas. They see defeat staring them in the face and they are desperate to cling to any straw. This issue was resolved before the 2015 election.”
“It is a matter of fact that when President Buhari and others joined the military, they took their original certificates from them. The military knew where they kept the original certificates of the president.
“In fact, a former Chief of Defence Staff, Gen. Alani Akinrinade, corroborated that the military collected the original certificates of all its officers. The PDP believes it is going to lose the elections, and they will lose, and it is raising dust over a dead issue.
“The military already said they lost the certificates. But does it mean that it did not exist that the president went to school, sat for examinations and passed; attended military courses and War College?
“It does not change the fact that the president rose through the ranks to become a Major-General in the Nigerian Army and a Military Head of State.
“Didn’t those opposed to President Buhari go to court over his certificate and lost before? They will still lose this time around. It is a dead issue,” Mr Adesina said.
Saturday, 27 October 2018
HOW ATIKU MADE NIGERIA THE POVERTY CAPITAL OF THE WORLD:*
A. NigerDock is the largest ship fabrication yard in West Africa sub region. When it was sold, its Ex-MD Engr. Nkpubre Okon, openly stated how "Mr Job Creator" ignored the Transport Ministry then to Open bid for NigerDock.
The VP's camp preferred bidder, 'Global Energy' that agreed to increase NigerDock's workforce from 4,800 to 6,000 as part of privatization agreement dismissed 2,200 immediately it took ownership. Jagal Group that took over after Global Energy lost out on power play also sacked 1,400.
B. Nigeria Port Authority reform was purely contrived to grab landed properties. 10,000 workers were sacked & 133 bids opened for NPA properties consisting of 68 properties in Apapa, 28 houses in Ikoyi. The highest reserves bid was for a property in Ikoyi fixed at N390.4 Million.
C. NIGERIA RAILWAY
Did @atiku forget how 7000 railway workers were sacked in 2005 without compensation to reduce its workforce to 6,300? Another 1,260 were fired in 2006. When ATIKU and his Headmaster were leaving in 2007, they left ~N5 Billion in unpaid Railway pension arrears.
D. FEDERAL SECRETARIAT IKOYI
In 2006, Babalakin's Resort Ltd acquired this 15 storeys prime asset overgrown with weeds from @atiku and OBJ through a Development Lease Agreement (DLA) for N7.2Billion. A Court has asked Buhari to pay N54 Billion to Babalakin for their blunder. https://t.co/cD7bTBBD6f.
The DLA, dated October 10, 2006, granted Resort Ltd a 99-years lease to redevelop the Federal Secretariat complex, that OBJ & ATIKU had abandoned for 7 years into 480 luxury apartments. This was at the eve of their departure from government. The transaction was one for the road.
The DLA hit the rocks when Lagos State Govt in the interest of the public indicated willingness in acquiring the Federal Secretariat complex. LASG insisted it should be accorded right of first refusal since LASG is the Issuing Authority of the C of O, coupled with other reasons.
Finally, lets compare OBJ & @atiku's first 3yrs in power to the first 3yrs of PMB that hasn't retrenched one civil servant, but has bailed out states on salaries. Lets not forget Atiku was in charge of the economy and OBJ gave him free hand until Galaxy Backbone scandal happened.
In 2002, first 3yrs of the ENDORSEE and the ENDORSER, manufacturing accounts for 6% of GDP. Nigeria's GDP fell by half for d first time in 20yrs. This was d year all textile factories in Nigeria closed down and unemployment was 28% within d formal sector alone; I repeat, alone!!
In 2002, UN estimated that 70% of Nigerians live below poverty line compared to 48.5% in 1998 under a military rule. Life expectancy fell from 54yrs to 51yrs. Two-fifth of every child below age 5 were malnourished and only 50% of d 128Million Nigerians have access to clean water.
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