FG Probes Theft In $1.1 Billion Oil Well (the Tony Elumelu’s connection)

The largest oil and gas field financing transaction of about $1.1bn – Oil Mining License 17, owned by billionaire business tycoon, Tony Elumelu, is currently under investigation following the uncovering of an illegal oil bunkering facility connected to it, Society Reporters has learnt.
We gathered that the investigation was necessitated after the Nigeria Security and Civil Defence Corps on Thursday, uncovered an illegal local refinery at Otamiri-Etche, Etche Local Government Area of Rivers State.
The illegal refinery, we gathered, steals crude from OML17 fields operated by Heirs Holding Oil and Gas Limited.
In 2021, Heirs Holdings acquired 45 per cent of OML 17 from Shell Total and Eni. At the point of acquisition, the field located at the north Port Harcourt, produced just 27, 000 barrels per day, however, production rose to 40, 000 barrels per day seven months after acquisition.
We gathered that the NSCDC was able to burst the oil bunkering gang following intelligence reports from local informants.
The perpetrators were said to have tapped into Heir Holding Oil and Gas facility through the pipeline bulk delivery and stole crude oil through carefully constructed pipes to their illegal local refinery.
Further findings revealed that some insider involvement connected to the bunkering had been uncovered, and the NSCDC is currently interrogating workers both inside and outside the facility with the full support of Elumelu himself.
Sources close to the matter told us that Elumelu was disturbed by the report, as the menace had been ongoing for years, even before the field was acquired by Heirs Holdings.
“Suspected persons workings in the facility, locals, including the owner of the land being used for the illegal activities have been picked up for questioning”, sources who claimed anonymity due to the sensitivity of the matter told us.
The NSCDC Commandant in Rivers State, Michael Besong Ogar, confirmed the development.
He said it was the first time of witnessing a new strategy of operations by illegal oil thieves in the country.
We also gathered that sponsors of the illegal refinery are currently being investigated and would be charged to court.
“I must confess that this is the first time of witnessing a well fabricated illegal refinery with such a wide range of pipes laid across the area, as you can see how big the land is, you can also imagine how unscrupulous people can be despite the continuous fight against illegal dealings in petroleum products.
“We have commenced intense investigation into the matter, and we will unravel the mystery behind this economic sabotage.
“The NSCDC has a clear statutory mandate to safeguard critical national assets and Infrastructures across the federation, we will not be deterred or distracted by the activities of oil thieves in the State. Without compromise we will go after them and ensure that the illegal dealings in petroleum products are reduced drastically in order to boost the nation’s economy again”, he said.
OML 17 contains fields such as Agbada, Obigbo, Obigbo North, as well as Otamini and Umuchem. It also hosts facilities that can output 150, 000 barrels per day. Gas production on the field is less than 50 million standard cubic feet per day, with estimated 2P reserves of 1.2 billion barrels of oil.
‘he stole N13B from Oyo State’ Finance Commissioner bombs Ajimobi’s in-law

Former Oyo State Commissioner for Finance, Bimbo Adekambi recently dropped a bombshell when he alleged that the candidate contesting the Oyo South Senatorial District election under the Accord Party, Kolapo Kola-Daisi stole more than 13 billion Naira belonging to Oyo State.
Adekambi who served as Commissioner under former Governor Abiola Ajimobi in a radio programme monitored by papermacheonline claimed he has all the documents detailing how and when the atrocities were committed.
Speaking in Yoruba language, the former commissioner narrated his ordeal with the EFCC when he was arrested to state his side on the missing funds and the alarm he raised when he saw the figures.
Kolapo Kola-Daisi, one of the sons of prominent businessman, Chief Kola Daisi is the Senatorial candidate contesting the Oyo South Senatorial District.
He was at a time arraigned by the EFCC with the MD of Heritage Bank, Ifie Sekibo and others for stealing N1billion from Heritage Bank.
Kolapo resigned as a Treasurer from Heritage Bank and joined politics where he attempts to become a Senator .
Weeks To Election, Sina Peller Buys N186M Bullet Proof SUV

Not taking chances, House of Reps member, Sina Peller has taken delivery of a bullet proof SUV/
Those in the know claimed the lawmaker who is contesting to move from the House of Representatives to the Senate under the Accord Party is doing so for security reasons.
It is said there is tension in the Oyo North Senatorial district where Peller is contesting against Fatai Buhari and some other popular political opponents.
It is said that what actually informed the decision by Peller to settle for a bullet proof car is the circumstances and mystery that surrounded the death of his fellow party man who is contesting for Peller’s present position.
The reps candidate, Jacob Ogunmola died under mysterious circumstances some weeks after he escaped assassination.
Sina’s choice for security car is a Land Cruiser VXR he was said to have acquired for 186 million Naira.
How Court Jails Fidelity Bank MD, Secretary For 6 Weeks

A chief magistrate’s court in Ogba, Lagos, has sentenced Nneka Onyeali-Ikpe, Managing Director of Fidelity Bank, to six weeks in prison.
The court, presided over by Magistrate Lateef Owolabi, extended the same sentence to Ezinwa Unuigboje, the bank’s secretary, after finding both guilty of disobeying a garnishee order of court restraining the bank from allowing a judgment debtor access to his account.
FIJ learned that Owolabi had on December 6, 2022, issued the garnishee order for 17 banks to not grant Enabulele Ozaze, a judgement debtor, access to his bank accounts until he paid a judgement debt of N2.8 million.
Ozaze was on October 13, 2022, ordered to refund one Jibrin Ahmed the sum of N2.8 million. This sum was money Ahmed had earlier paid to Ozaze for the purchase of a Toyota Corolla car.
Two months after Ozaze failed to refund, Owolabi ordered 16 banks to not allow him transact on any account.
On January 25, 2023, Ahmed told the court, via an affidavit, that Fidelity Bank had flouted the garnishee order.
He showed the court how Ozaze had been withdrawing funds from his account. He claimed that Ozaze had N3,165,759.05k in his account with Fidelity Bank as of January 12, 2023, when the garnishee order was served.
Three days after the order was served, Ozaze withdrew N725,547.80k from the account. The following day, he transferred another N251,305.90 out of the bank.
On January 17, Obianuju Nwosu, Fidelity Bank’s legal officer, confirmed they received the garnishee order on December 22, 2022, and apologised to the court for the transactions on the account.
On January 18, the court ordered that the managing director and the bank’s secretary to appear before it to explain why they should not be sentenced to prison.
Both were absent on Monday. Owolabi ordered their immediate remand and instructed the Lagos State Commissioner of Police to effect their arrest.