List Of Oil Racketeers Recommended For Criminal Investigation

List Of Oil Racketeers Recommended For Criminal Investigation

Nigerian government’s published list of oil marketers recommended for criminal investigation in the on-going subsidy saga in the country’s oil industry.
1
ALMINNUR RESOURCES LIMITED
Subsidy payments for which mother vessels were no Longer operational at the time of transshipment and no shipping documents
504,329,535.27
Subsidy payments for which mother vessels were no Longer operational at the time of transshipment and no shipping documents
546,700,899.36
Total: N1,051,030,434.63
>Oil and Gas Press
2
BRILLA ENERGY LIMITED
Subsidy payments for which mother vessels were not found in locations claimed at the time of transhipment
Total: N 963,796,199.85
>Oil and Gas Press
3
CAADES OIL AND GAS LTD
No evidence of Sales proceeds in banks
Total: N 487,799,826.80
>Oil and Gas Press
4
CAPITAL OIL & GAS INDUSTRY LTD
Subsidy payments without proof of existence of the mother vessel bill of lading or daughter vessel bill of lading
984,440,711.38
Subsidy payments for which mother vessels were not found in locations claimed at the time of transhipment
1,480,444,043.58
Subsidy payments for which mother vessels were not found in locations claimed at the time of transhipment
1,832,280,164.36
Subsidy payments for which mother vessels were not found in locations claimed at the time of transhipment
2,110,438,332.44
Subsidy payments for which mother vessels were not found in locations claimed at the time of transhipment
2,490,576,987.15
Total: N8,898,180,238.91
>Oil and Gas Press
5
CAPITAL OIL PLC
Subsidy payments for which mother vessels were not found in the locations claimed at the time of transhipment
608,077,964.00
Subsidy payments for which mother vessels were not found in the locations claimed at the time of transhipment
608,220,553.20
Total: 1,216,298,517.20
>Oil and Gas Press
6
CEOTI LIMITED
Specially mentioned transactions with various infractions. Transactions were discovered to be bills for collection transactions, but as at the time of the review it was discovered that the shipping documents evidencing arrival of the products had not been submitted to the respective banks for payment:. 11/07/12 : OM/T to provide letter from their bankers confirming that they financed the transaction.
Total: N 1,773,421,842.01
>Oil and Gas Press
7
CONOIL PLC
Subsidy payments without proof of existence of the mother vessel bill of lading or daughter vessel bill of lading
1,065,934,768.66
Subsidy payments without proof of existence of the mother vessel bill of lading or daughter vessel bill of lading
1,882,143,309.24
Total: N 2,948,078,077.90
>Oil and Gas Press
8
DOWNSTREAM ENERGY SOURCE LTD
Subsidy payments for which mother vessels could not be traced
789,648,329.25
Subsidy payments without the signature of external auditors and independent inspectors on shore tank certificates
984,440,711.38
Total: N 1,774,089,040.63
>Oil and Gas Press
9
ETERNA PLC
Subsidy payments for which there were no shipping documents or evidence of payment for the products in foreign exchange. (Form ‘m’ 945404)
578,295,672.84
No evidence of sales proceeds in the bank.
626,465,370.06
Subsidy payments without proof of existence of mother vessel bill of Lading or Daughter bill of Lading. (Form ‘m’ 926342)
917,895,596.40
Total: N 2,122,859,123.70
>Oil and Gas Press
10
EURAFRIC OIL & GAS LTD
Subsidy payments for which mother vessels were not found in locations claimed at the time of transhipment
955,688,127.82
Subsidy payments for which mother vessels were no longer operational at the time of transhipment
1,306,170,995.88
Total: N 2,261,859,123.70
>Oil and Gas Press
11
HEYDEN PETROLEUM
Subsidy payments for which mother vessels were not found in locations claimed at the time of transhipment
Total: N 594,714,089.31
>Oil and Gas Press
12
LUMEN SKIES LTD
Transactions disclaimed by banks
267,521,051.32
Transactions disclaimed by banks
507,266,701.54
Total: N 774,787,752.86
>Oil and Gas Press
13
MAJOPE INVESTMENT LTD
Subsidy payments without the signature of external auditors and independent inspectors on shore tank certificates
Total: N 959,813,734.22
>Oil and Gas Press
14
MASTER ENERGY OIL & GAS LTD
Subsidy payments for which mother vessels could not be traced
1,454,308,353.50
Subsidy payments for which mother vessels could not be traced
1,454,687,937.79
Total: N 2,908,996,291.29
>Oil and Gas Press
15
MATRIX ENERGY LIMITED
Subsidy payments for which mother vessels could not be traced
560,744,384.56
Subsidy payments for which mother vessels could not be traced
1,274,372,887.98
Specially mentioned transactions with various infractions. Transactions were Bills for collection and as at the time of review no shipping document evidencing payment was available. MAT/2031/MAS/PMS/28/09/11
1,301,904,784.71
Subsidy payments for which mother vessels were not found in locations claimed at the time of transhipment. MAT/1679/MAS/PMS/27/04/11
1,501,684,359.70
Subsidy payments for which mother vessels could not be traced. MAT/2031/MAS/PMS/28/09/11
1,595,095,720.20
Total: N 6,233,802,137.15
>Oil and Gas Press
16
MENOL OIL & GAS LIMITED
Subsidy payments for which mother vessels were not found in locations claimed at the time of transhipment
Total: N 1,691,595,830.87
>Oil and Gas Press
17
MOB INTERNATIONAL SERVICES
No evidence of Sales proceeds in banks
1,019,068,114.10
No evidence of Sales proceeds in banks
1,118,260,800.00
Total: N2,137,328,914.10
>Oil and Gas Press
18
MRS OIL & GAS PLC
Subsidy payments for which there were no shipping documents or evidence of payment for the products in foreign exchange
Total: N 6,086,531,305.33
>Oil and Gas Press
19
NASAMAN OIL SERVICES LTD
Subsidy payments for which mother vessels were no longer operational at the time of transhipment
598,723,358.04
Subsidy payments for which mother vessels were not found in locations claimed at the time of transhipment
749,991,273.36
Subsidy payments without the signature of external auditors and independent inspectors on shore tank certificates
881,350,767.57
No evidence of Sales proceeds in banks
1,631,342,040.93
Total: N3,861,407,437.90
>Oil and Gas Press
20
NATICEL PETROLEUM LIMITED
Specially mentioned transactions with various infractions. No shipping document in bank and no evidence of payment for product
1,514,333,360.64
No evidence of Sales proceeds in banks
1,567,037,317.70
Total: N3,081,370,678.34
>Oil and Gas Press
21
OCEAN ENERGY TRADING & SERVICES LTD
Subsidy payments for which mother vessels could not be traced
Total: N1,778,180,051.20
>Oil and Gas Press
22
PINNACLE CONTRACTORS LTD
Subsidy payments for which mother vessels were not found in locations claimed at the time of transhipment
1,227,601,783.20
Subsidy payments for which mother vessels were no longer operational at the time of transhipment
1,528,044,960.84
Total: N2,755,646,744.04
>Oil and Gas Press
23
SIFAX OIL AND GAS COMPANY
Subsidy payments for which mother vessels were no longer operational at the time of transhipment
Total: N1,033,119,489.60
>Oil and Gas Press
24
TONIQUE OIL SERVICES LTD
No evidence of Sales proceeds in banks
Total: N1,575,014,046.51
>Oil and Gas Press
25
TOP OIL AND GAS DEVELOPMENT COMPANY LIMITED.
Subsidy payments for which mother vessels were no Longer operational at the time of transshipment and no shipping documents
1,092,496,724.55
Subsidy payments for which mother vessel could not be traced and no shipping documents were sighted
1,268,236,760.88
Total: N2,360,733,485.43
>Oil and Gas Press
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