Posts

Showing posts with the label Nigeria oil cartel

The Real Beneficiaries of the Misappropriated Fuel Subsidy in Nigeria

Image
The fuel subsidy has never favoured the majority of Nigerians, but the oil marketers and their distributors who are major stakeholders in the corrupt government of President Goodluck Jonathan of Nigeria. The masses don't own the filling stations and they don't import fuel. So who are those ripping them off? The oil marketers importing fuel and the owners of filling stations who are leading members of the corrupt ruling party and the President is their major beneficiary. The real beneficiaries of the misappropriated fuel subsidy in Nigeria are the Nigerian National Petroleum Corporation (NNPC) and others on the following list. List of Petroleum/Oil Marketing Companies in Nigeria September 24, 2007 The list below contains the names of the oil marketing companies in Nigeria. Companies that are only involved in the downstream section of the oil chain. The list is not exhaustive but these are the main players in the industry. The information is available both in the ta...

Re: Nigerian Militant Speaks Out on Oil

Mr. Steve Mufson, I have already posted the following commentary in my response to your article on Nigerian Militant Speaks Out on Oil . The critical issues I have raised should be addressed in your reaction to the e-mails from the Movement for the Emancipation of the Niger Delta (MEND). I am right here in the Niger Delta and my families stretch from Opobo to Buguma to Ikot Amba to Abia. I am on locations in Bonny and Port Harcourt. So, I can tell the truth from my eye-witness accounts. I have addressed the Niger Delta crisis on the BBC and on the Nigerian Times International Forum and Nigerian Times blog. See: Nigerian Times: SHELL, ASARI DOKUBO AND THE NIGER DELTA CRISIS I support the just cause of MEND, but what has the leaders of MEND done with the millions of dollars they have made from illegal oil bunkering and ransoms from the foreign oil workers they kidnapped and released? Most of the leaders of these so called militant groups are partners in crime with the oligarchy of the ru...