These are the beneficiaries of Nigeria's fuel subsidy. These so called Cabal in bed with Nigerian Govt.

Oando Oil, CONOIL, African Petroleum and MRS Oil are among the powerful players in the petroleum sector that have shared over N3.655 trillion between 2006 and September2011 in pursuit of importation of refined petroleum products.
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This was revealed today in Abuja by the Nigerian Senate joint Committee on Petroleum (Downstream), Appropriation and Finance. Senator Magnus Ibe, the chairman of the committee, also disclosed that some 100 companies in the downstream sector and in construction, shared over N1.426 trillion between January and August 2011 alone.

Oando Oil is owned by Wale Tinubu, Mike Adenuga owns CONOIL, Femi Otedola owns AP, while MRS Oil is run by Aliko Dangote's brother, Sayyu Dantata. Other key players named today include Pinaccle Construction Ltd, as well as Integrated Oil and Gas, which is owned by a former Minister of the Interior,Capt. Emmanuel Iheanacho.

The full list as read out by Senator Abe, is as follows:
> 1. Oando Nigerian Plc. – N228.506 billion
> 2. MRS –N224.818 billion
> 3. Pinnacle Construction-N300 billion
> 4. Enak Oil & Gas –N19.684 billion
> 5. CONOIl – N37.960 billion
> 6. Bovas & Co. Nig. Ltd. – N5.685 billion,
> 7. Obat N85 billion and AP; N104.5billion.
> 8. Folawiyo Oil - N113.3 billion
> 9. IPMAN Investment Limited- N10.9billion
> 10. ACON - N24.1billion
> 11. Atio Oil-N64.4billion
> 12. AMP- N11.4billion
> 13. Honeywell-N12.2billion
> 14. Emac Oil- N19.2billion
> 15. D.Jones Oil-N14.8billion;
> 16. Capital Oil - N22.4 billion
> 17. AZ Oil- N18.613billion
> 18. Eterna oil- N5.57 billion
> 19. Dozil oil- N3.375 billion
> 20. Fort oil-N8.582 billion.
> 21. Integrated Oil and Gas- N30.777 billion!
> THESE ARE THE MEMBERS OF THE CABAL,
> *THEY ARE MORE POWERFUL THAN THE PRESIDENT.
> *THEY ARE GIVING NATIONAL AWARD
> *THEY ARE MEMBERS OF THE PRESIDENTIAL ECONOMIC TEAM.

things like this also happen in the united states when some families and corporations influence most of the economic policies however unlike our cold hearted nigerians who will enrich themselves at the expense of the masses they enrich themselves at the expense of African people

Nigeria Oil Cabal = Organisation of Ooduduwa Thieves. Yorubas flourish well in anything Fraud. Egunje Jipiti people

@Poster, now engage your brain and show us how much each of the members on your list stole or illegally obtained from the system. Listing the wealth of people/companies is no proof that money was actually STOLEN. One would need to go beyond generic lists such as what you have there in that case. Labeling everyone able to make money in Nigeria, a member of the Cabal is COWARDICE on your part.

Say No To Free Oil Money,
Say No To Hausa/Fulani/Yoruba Fraudulent Lifestyle