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Editorial Suite

Odds against downstream deregulation - By Chijama Ogbu

 

Profile

Bar. Bello Mahmud: The New Registrar General for CAC

 

Cover

No 2nd Term for YarÁdua – Billionaire Debtors Vow

 

Facts and figures

Federation Account: How They Share N332bn in October

 

The Sharing of N27.8bn on Exchange Rate difference in October 2009

 

List of Federal Perm. Secs and their States - Non from Bayelsa

 

List of Major Debtors in Nigeria

 

Exclusive Interview

No more Needless Borrowing in Public Offices - Aliyu Yelwa, Boss of Fiscal  Commission

 

Monetary

CBN Supports Deregulation, Allows ETB to Rectify Lapses

 

Communiqué No. 66 of the Monetary Policy Committee Meeting

 

List of Major Debtors in Nigeria

 

National News

SMEDAN Advises Small Businesses on Good Idea

 

Odey Inaugurates Panel on IWMF in Niger Delta

 

Finally FG, States Share $2bn from Excess Crude Account

Honours for EFCC Boss in USA

 

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Kano Spends N1bn on Sports Development as Governor bagged ‘Sardauna’

 

IDB advances N3.15bn loan to KDSG as Governor Approves N18mn for Training 

 

 

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Economic Confidential, February 2008

 

FACTS AND FIGURES

 

ACCRUALS IN RESPECT OF SIGNATURE BONUS FROM 1999 – JUNE 2007

This table is created by Economic Confidential magazine from data of DPR. Some of the oil blocks were paid for by more than one company. The signature bonuses received by DPR, on behalf of the government were also paid into different specified accounts.

 

Years

Oil Blocks

Companies that made  payments

Accounts

Amounts

1999

249, 314, 244, 245, 229, 248

Oil and Gas Nig Ltd, Paragon Petroleum ltd, Totex Nig, Malabu Oil and Gas ltd, Integrated Petroleum Coy and Zebra Energy

CBN/PTDF USD Acct with UBA

$26,190,000

2000

214

EXXOMOBIL

PTDF USD Acct with UBA

$5,000,000

2001

320, 229, 250

Orandi Pet Ltd, Amni, Emerald Energy, Chevron, Shell, Brasoil Service, and Petrobras

CBN/PTDF Acct with UBA and CBN/PTDF Reserve Acct

$102,000,000

2002

324, 214, 318, 214, 244,

Petroleo Brasileioro, Chevron, NPDC, Phiilips Explo, Esso and NAOC

Fed Govt Independent Rev Acct

$97,000,000

2003

248, 245, 221, 257

Zebra Energy, Ocean Energy, Statoil, Shell TotalFINAELF, Vintage Oil

PTDF Reserve Acc in CBN, Fed Gov Ind rev Acct and PTDF (DPR Capital Budget Funding)

$102,500,000

2004

OML14, OML88,  OML95, OML90, OML55, OML46, OML90, OML13, OML38, OML54, OML30, OML35, OML90, OML11, OML14, OML16, OML11, OPL247, OPL242, OML40, OML56, OPL322, OPL56, OML16, INTEREST

Universal Energy, Goland, Guanranty Sogenal, Del-Sigma, Movido, Excell, Bayelsa Oil, Britamia-U, Network Exp., Platform Petroleum, Eurafric Energy, Independent Energy, Owena Oil, Bicta Energy, Prime Energy, Associated Oil and Gas, Morri, Prime Energy, Damsaki, Frontier Oil, Millennium Oil, Chevron, Ocean Energy, Sahara Energy Field and African Oil and Gas

PTDF (DPR Capital Project) and PTDF Reserve Acct in CBN

$57,570,030

2005

(Names of some blocks are not indicated here) 722, 733, 231, 251, 280, 325, 251, 277, 722, 723 233, 732, 917, 332, 276, 283, 315, 907, 257, 277, 905, 332, 278, 809, 810, 917,135, 321323, 282, 236

ELF, Orient Petroleum, Shell, Energia Ltd, , Midwestern Oil, New Nig Dev Coy, Monipulo, NPDC/Refinee Petroplus, Technical Sys/Sterline Global Oil, NPDC/Ashbert, Amni Inter., Domon Oil Services, Ascon Oil, Boston Energy, Centrica, Petrobras/Statoil, Allen E&P, Conoil, Sterline Global, Gas Trans and Power, BG Exploration/Sahara Oil and Gas, Oando, New Nig Dev Coy, VP Energy, Global Energy, NAOC, Equator Exploration, KNOC and Agip

 

Consolidated Revenue Acct, PTDF Reserve Acct in CBN, CBN Independent Rev Acct, CBN/AGF/FGN Account

$1,062,246,302

2006

471/298, 721, 732, 252, 292, 284, 286, 289, 233, 279, 285, 297, 281, 294, 291

Transnational Corporation, China National Petroleum, INC Natural Resources, BG/Sahara Energy/Lotus, Clean Water/NIGDEL United, ONGC MITTAL Energy/ Emo Exploration and Starcrest/Addax

Consolidated Revenue Acct, PTDF Reserve Acct in CBN, Independent Rev Acct, CBN/AGF/FGN Account

$404,629,890

2007

226, 231, 290, 2009 & 2010, 2007, 2005 &2006, 240, 293, 258, 228

Essar Energy, Monipulo, Conoil, Global Energy, Continental, Sterline Global Oil, Bayelsa Oil coy, Abbey Court/Coscharis, Delgate/Petrodel, Sahara Energy Field

CBN/AGF/FGN Acct, Consolidated Revenue Acct

$228,917,345

 

 

 

 

 

A table by Economic Confidential from the data of DPR

 

Please read more detail HERE

   

SPECIAL FOCUS

List of Major Debtors in Nigeria

 

List of Bad Debtors in Federal Mortgage Bank of Nigeria (FMBN)

 

NEMA@10: The Story So Far

 

Questions and Answers on the Examinations of the 14 Banks by CBN

 

FEATURES

Africa's Foreign Reserves: In Reserve For Who?By Chika Ezeanya

 

Churches and Mosques Should Pay taxes - Mcdonald Koiki

 

Deregulating Robbery in Nigeria By Kola Ibrahim

 

Understanding Monetary Policy By Abubakar Jimoh

 

The Making of Ideal Economic Policies By: Salim Salihu Muhammed

 

The Putrid Mess Also in CBN By Les Leba

 

Still on Early Warning Alert System in Nigeria By Yushau A. Shuaib

 

District 9 and the Can of Wild Paradox by Segun Imohiosen

 

Nigeria: Time to Check to the Drift By Dansulieman Mohammed

 

Golden Casket: Between Gani Fawehinmi and Wacko Jacko- By Yushau A. Shuaib

 

NIGERIA@49: Tracing the Economic Intervention- By Abubakar Jimoh

 

NASENI: Striving to end Nigeria’s reliance on foreign good – By Umar Kari

 

Macroeconomic Framework for an Independent Economic Recovery- Salihu Muhammad

 

When Sony Undermines Campaigns of Akunyili and Aoandoka- By McDonald koiki

 

Archetypal Resurgence: The Lamido Sanusi Revolution- By Segun Imohiose

 

Banks and Money Laundering- By Les Leba

 

Oronsaye’s Civil Service reform- By hussaini Sani kagara

 

New Policy in the Civil Service: Hypocrisy at Work? –By Tope Ajakaiye

More Features

 

TAX MATTERS

* Church and Mosque Not Exempted from Tax - FIRS

… Use of Consultants for Tax Collection is an Aberration

*Finance Minister Advocates Partnership on Tax Issues

*FIRS Reopens PAN, Vows to Prosecute Defaulters

*How We Generate N808bn in Tax Revenue Within Six Months- FIRS Boss

*FIRS Generates Taxpayers Numbers for Bank Customers

*Historical Milestone as Online Tax Payment Begins

*FIRS Seals Two Oil Companies Over $610m Tax Arrears

*Firms Owed Govt N260b in Taxes

*Tax Identification Number to Reduce Tax Evasion- FIRS Boss

*Revenue Agencies to Make Full Disclosure- Finance Minister

*FIRS Delists 2 Banks over Non-Remittance of Tax