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 September 2011 in pursuit of importation of refined petroleum products.

This was revealed 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’s Oando; 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, and their individual haul, 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

Source:http://saharareporters.com/2011/12/02/fuel-subsidy-scam-senate-releases-names-cabal

you see , Oando wey the tinubus get base? dis country is finish.

Nigeria on fire....

Huh? Pinnacle construction kwa? Oando, MRS, Conoil, Ap, Capital oil e.t.c. We know but who the fvuck is PINNACLE construction? To think that they got the lion share and no trace of their operations in the downstream sector. Cabal indeed!

How sane is it to be subsidising petroleum products to in trillions of Naira when such monies could have possibly gone into building and operating local refineries??

NIGERIANS should just bear the hardship of deregulation for a while if we truly want to be free from the hands of this criminals.

It shall never be well with the thieves of our commonwealth! Sooner or later, karma will serve them what they deserve.

haa eastern bloc see for your self .



foreigners taking what belong to us ,



while our land is polluted and rejected .


think twice lower niger congress .



give us referendum now . i said

I dont even know what to sa about this country an more.

.

ok

The number one on the list is Tinubu family owned Oando Nigerian Plc.

Oando Nigerian Plc. – N228.506 billion

If indeed Buhari means business let him start from the Tinubu mafia family.

Tinubu and his families have sucked nigeria dry and is still shouting for change, dis tin tire me ooo

...nigeria jaga jaga
Everything scatter scatter

naija weldone

ha!

See them

Who owns OANDO


Jubril Adewale Tinubu – Group Chief Executive

Lower niger we stand , dats y dey dnt wan us to go. Or to even see ss as our brothers. Very dangerous set of pple

Datazone:
bh

is that for boko haram

Can someone add names to the companies

Capital oil nko. No wonder he cried.

chai...but nothing new here...we know those tearing this country apart with greed...Jona's 'saraka' go soon end...

Unbelievable!!!

Even Pinnacle?

80 perecent of them are the same cronies which are now members of the same progressive party we now see as our messiah.

Have said before, i owe GEJ an apology for mobilising & participating in the anti-fuel subsidy protests of Jan. 2012, because as long as this subsidy cabal is getting huge & lazy profits from fuel importation, new refinaries wiil never be built, existing ones can never function well & the nation will be held at their ransome..

KILL SUBSIDY BEFORE SUBSIDY KILLS NIGERIA.

Nothing new here that we didn't know in 2012. What happened to all the subsidy crooks indicted by various reports?? Was anyone prosecuted? Was anyone convicted?? How much was recovered from the subsidy crooks??

Why do these guys always wanna shifts their responsibilities to the general public?? Why do we have them where they are?? What exactly are we supposed to do with this list, go on and lynch the people involved when we have courts of competent jurisdictions and the anti-corruption agencies to convict defaulters ??

This country is really sick under this administration. It was the same way they had to make a lengthy documentary about the biggest landlord in Nigeria, accusing him of every single crime one can think of, yet couldn't as much as institute a legal case against him.

Smh.

Tinubu is also part of the cabal holding Nigeria to ransom.

Mogidi:
The number one the list is Tinubu.

Oando Nigerian Plc. – N228.506 billion

What is it with una and Tinubu sef? You no see one wey be 300Billion? Tinubu we know, na who be Pinnacle abi na Pineapple wey get that 300Billion?

This change reveal a lot of things....
That wale Tinubu is jagaban family, but who own that pinnacle oil.... Can u c that our President is mumu,

Change indeed... I dey laff... Oando of all people, even capital oil Weyy I think get everything, na small dem get

These thieves must go to jail so our money can be collected which buhari will use to repair our refineries. Belive me.

Tinubu milking Nigeria dry since 1900