"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. "
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. "
- Obinna Akukwe
Read on...
- Ikhide
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