Home Latest News Nigeria loses $7bn to oil theft annually – Buhari

Nigeria loses $7bn to oil theft annually – Buhari

•Militants threaten Atiku, Danjuma, others


SUNDAY ODE, Abuja  with agency report

Nigeria loses no less than seven billion dollars to oil theft annually, President Muhammadu Buhari disclosed Thursday in London.
Speaking at the opening of the Anti-Corruption Summit hosted by Prime Minister David Cameron of Britain, President Buhari said that new measures against corruption that would be adopted by the summit should also include mechanisms that would assist countries like Nigeria to combat illegal activities such the menace of crude oil theft to which, he said, Nigeria loses about $7 Billion annually.
A statement by the Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, also quoted Buhari as urging the international community to urgently create anti-corruption infrastructure and a strategic action plan to facilitate the speedy recovery and repatriation of stolen funds hidden in secret bank accounts abroad.
“When it comes tackling corruption, the international community has unfortunately looked away for too long. We need to step up and tackle this evil together. That is why we have gathered here today. Corruption creates a system where resources are shared by a small elite while the majority wallows in poverty.
“Corruption also undermines the ability of countries to finance development. I recall in this regard, the landmark Addis Ababa Action Agenda of the 3rd International Conference on Finance for Development held in January this year.
“A prominent feature of that global framework is the recognition that good governance and measures to combat corruption and curb illicit financial flows will be integral to the effort to attain sustainable development globally by the year 2050.
“It is for this reason that my Government is determined to address illicit financial outflows which have served as a major impediment to progress in our country.
“I wish to reiterate our demand that the global community must come up with mechanisms for dismantling safe havens for stolen funds and facilitate the return of stolen assets to their countries of origin,” President Buhari said.
In his opening remarks at the summit, Prime Minister Cameron applauded President Buhari’s vigorous efforts to curb corruption in Nigeria, the statement equally noted.
In another statement by Adesina, President  Buhari pledged that in furtherance of his administration’s ongoing war against corruption, Nigeria would soon begin the full implementation of the principles of the Open Contracting Data Standard.
In Nigeria’s country statement to the Anti-Corruption Summit,  Buhari said that the Federal Government will apply the Open Contracting Data Standard to major projects in the oil, transportation, power, health, education and other sectors, Adesina said in the statement.
“The Open Contracting Data Standard (OCDS) enables disclosure of data and documents at all stages of the contracting process by defining a common data model.
“The publication of OCDS data ensures greater transparency in public contracting, and can support accessible and in-depth analysis of the efficiency, effectiveness, fairness, and integrity of public contracting systems,” the statement added.
Meanwhile, NIGER- DELTA Avengers, on Thursday, listed some oil blocs allegedly owned by prominent Nigerians including former Vice President, Alhaji Atiku Abubakar, Minister of Defence, General Theophilus Danjuma, and others in Niger-Delta region and gave them a two-week ultimatum to shut down their operations and evacuate the workers from the locations.
The group threatened to blow up the facilities should the owners ignore its warning.
In an electronic mail statement by its spokesperson, Col Mudoch Agbinibo and obtained by newsmen the militant group warned that : “If at the end of the ultimatum and you still operating, we will blow up all the locations. It will be bloody. So, just shut down your operations and leave.”
The oil blocs listed are: “Apo Well awarded 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. * OML 110 Obe oil field owed by Alhaji Mai Daribe, Cavendish Petroleum with an estimated 500 million barrel of crude oil. * Akpo condensate field awarded to Sapetro Oil owned by Gen Theophilus Damjuma.
*OML 112 and OML 117 awarded to AMNI International Petroleum Development Company owned by Colonel Sanni Bello, son-in-law to former Head of State. Gen Abdulsalami Abubakar. *OML 115 also known as Oldwok field and Ebok field awarded to Alhaji Mohammed Indimi, in-law to former Head of State, Gen. Ibrahim Babangida.
*OML 215 awarded to and operated by Nor East Petroleum Limited owned by one Alhali Saleh Mohammed Gambo. The field is worth $100 billion dollars after tax. *OML 108 awarded to Express Petroleum Company owned by Alhaji Aminu Dantata. This field is worth $128 billion dollars. * OML 113 allocated to Yinka Folawiyo Petroleum Limited owned by Alhaji W. I. Folawiyo. Net worth is $150 billion dollars.
*Prince Nasiru Ado Bayero cousin to the Emir of Kano, Lamido Sanisu, owns ASUOKPU/UMUTU marginal oil fields. It is worth $110 billion dollars. * 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. * 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. *OML 67 is operated Afren Plc. Rilwanu lukman also has a major stakes and the field worth $180 billion dollars.
* OPL 245 is awarded to Malabu Oil and Gas owned by Dan Etete. It is worth $50 billion Dollars. *OPL 289 and OPL 233 were awarded to Cleanwater Consortium; the two fields are worth $200 billion dollars. Former Governor Peter Odili of River State, Obasanjo and Sultan of Sokoto has major Stake15. OPL 288 was awarded to focus Energy Senator Andy Uba, Obasanjo, and Gen Theophilus Y Danjuma are the major stakeholders. The field is worth $70 billion Dollars.
* OPL 291 awarded to Starcrest Energy Nigeria Limited owned by Emeka Offor. The field is worth $100 billion dollars. *Mike Adenuga’s Conoil controls and operates Six (6) oil blocs and exports about 500,000 barrels of crude oil daily. These 6 oil blocs are worth $500 billion dollars.
The group said: “From our analysis above, 90 per cent of oil blocs are allocated to individuals from northern Nigeria and some confused elements from the region are calling the Niger Delta Avengers names, some are calling us criminals.”
“Our question to these groups of individuals calling us names is: Where were you when all these atrocities were happening to the people of the Niger Delta?
On the claim that oil has been discovered in the North East, the Niger Delta Avengers said: “How will you feel if this found oil is been managed by Niger Deltans. We are very sure the Niger Deltans will not even have two per cent oil bloc if oil is really found in the North East. If you did not shut down, we will shut your stations permanently for you.”
On the attacks of the group, which have devastated oil and gas operations of major oil companies in the region , it said: “From the high command of the Niger Delta Avengers, we congratulate all the strike teams of the Avengers. Without taking any innocent life or that of the Nigeria military, we were able to shut down 50 per cent of crude production.”
“We have been seeing a lot on the media about us. Some are asking, “Who are you avenging?” some calling us empty heads, ex-agitators have been condemning us on daily basis. Our criticizer from other part of the country, we do not have anything to tell you because you clearly do not know how life is in the region. “To our criticizers from the region, we want you to know you are all cowards and afraid to stand for your people.
“To ex-agitators of the likes of Tompolo, we know why you people are after us. Our agitation is more civilized than yours, the Niger Delta Avengers is more concerned with people of Niger Delta unlike you (ex-agitations) that were into kidnapping, killing of Nigeria soldiers, sea piracy, vessel and tanker hijacking. However, we were able to carry out all our operations without killing a fly. We have sophisticated arms far better than what you use to have during your kidnapping days,” it stated.

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