BOLA SHAGAYA, KUPOLOKUN, IBRU, OTHERS GET OIL BLOCKS

Recently, the federal government awarded oil block licences to no fewer than 21 indigenous companies to prospect for oil. LEADERSHIP SUNDAY can now authoritatively reveal the identities of some of these awardees.

Investigations carried out by LEADERSHIP SUNDAY reveal that the promoters of these registered companies include multi-billionaire Hajiya Bola Shagaya, former group managing director of the Nigerian National Petroleum Corporation (NNPC) Mr. Funsho Kupolokun, former governor of Delta State Olorogun Felix Ibru and Chief Odunsi Adedeji.

Hajiya Bola Shagaya, who was recently listed by an international magazine as one of the 10 richest women in Africa, is one of the two directors of Voyage Oil and Gas Limited, one of the indigenous companies that were awarded oil block licences.

Hajiya Shagaya is very close to Dame Patience Jonathan, the president's wife.

Voyage Oil and Gas Limited was incorporated on October 14, 2011, with a nominal share capital of two million shares. The incorporation number is RC 986771. Out of the two million shares, Shagaya owns one million, while the remaining one million is owned by Oba Tonye, the only other shareholder.

Listed as directors in Form CO7 are Oba Tonye and Hajiya Bola Shagaya.

The main object of the company is to carry on business 'as dealers and independent marketers of oil, petroleum products and gas; to engage in petroleum product sales, marketing, storage, haulage and transfer of oil, petroleum, kerosene and cooking gas'.

It also includes: 'to acquire licence and engage in the business of petroleum and oil, gas prospecting and exploration, to acquire or own oil fields and as well engaging in the lifting of crude oil and its associated products'.

Because the company has not been operational for the statutory 18 months, our investigations further revealed that the promoters are yet to make its first annual returns to the Corporate Affairs Commission (CAC).

Sahara Energy Field Limited was incorporated on March 9, 2001, (RC 404125) with a share capital of one million shares. The company increased its share capital after its meeting on November 1, 2001, and presented its resolutions for filing and for increase in its share capital from one million to ten million.

In its filing contained in Form CAC 7, dated April 8, 2011, those listed as the company's directors include: Kupolokun Funsho, Buba Muhammad Lawan, Odunsi Adedeji, Cole Tonye and Shonubi Temitope.

Acoy Limited was incorporated on the March 1, 1971, with RC number 8226,  but the company changed its name to Crudex Limited on July 14, 1971 through a special resolution. The new registration certificate was dated October 27, 1971.

The company has a share capital of 20 million as at December 4, 2008, with Felix O. Ibru owning a total of 13,999,001 shares; Dawalibi Nabil Nicolas was allotted a total of  six million shares and Ofi Holdings Ltd. has 999 shares.

Listed as directors of the company as at October 31, 2008, are Felix Ovuodoroye Ibru, Dawalibi Nabil Nicolas, Ibru Felix Oyovwevotu, and Oniwinde Yinka.

The objects of the company include: to store, transport, distribute, market, process, extract liquids, buy and sell natural gas, petroleum products and other minerals.

They are also to prospect, explore and drill for, discover, produce, extract, mine, mill, separate, convert, refine, dissolve, reduce, treat, manufacture, store, use, process, use and dispose of petroleum, oil and natural gas, among others.