See the table below for analysis. S/N
OM/T
INFRACTION DESCRIPTIONS
AMOUNT
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
1,051,030,434.63
2
BRILLA ENERGY LIMITED
Subsidy payments for which mother vessels were not found in locations claimed at the time of transhipment
963,796,199.85
3 CAADES OIL AND GAS LTD No evidence of Sales proceeds in banks 487,799,826.80
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 8,898,180,238.91 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 1,216,298,517.20
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. 1,773,421,842.01
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 2,948,078,077.90
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 1,774,089,040.63
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 2,122,859,123.70
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 2,261,859,123.70
11 HEYDEN PETROLEUM Subsidy payments for which mother vessels were not found in locations claimed at the time of transhipment 594,714,089.31
12 LUMEN SKIES LTD Transactions disclaimed by banks 267,521,051.32 Transactions disclaimed by banks 507,266,701.54 774,787,752.86
13 MAJOPE INVESTMENT LTD Subsidy payments without the signature of external auditors and independent inspectors on shore tank certificates 959,813,734.22
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 2,908,996,291.29
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 6,233,802,137.15
16 MENOL OIL & GAS LIMITED Subsidy payments for which mother vessels were not found in locations claimed at the time of transhipment 1,691,595,830.87
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 2,137,328,914.10
18 MRS OIL & GAS PLC Subsidy payments for which there were no shipping documents or evidence of payment for the products in foreign exchange 6,086,531,305.33
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 3,861,407,437.90
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 3,081,370,678.34
21 OCEAN ENERGY TRADING & SERVICES LTD Subsidy payments for which mother vessels could not be traced 1,778,180,051.20
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 2,755,646,744.04
23 SIFAX OIL AND GAS COMPANY Subsidy payments for which mother vessels were no longer operational at the time of transhipment 1,033,119,489.60
24 TONIQUE OIL SERVICES LTD No evidence of Sales proceeds in banks 1,575,014,046.51
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 2,360,733,485.43
9 comments:
This shld have been d first list they shld have brought out
Nawo! so OANDO is not on ds list
Ever since they released that firt one,i've given up,bc they were not the actual thieves
Is it me or what, i have not heard of Farouk and otedola's case,has it been swept under d carpet
Some EFFC people have been compromised
This strike NUPENG are on and abt is waste of time, they are hungry again, i hope nobody goes on that strike,after all d people that died, what did the union labour do? nonsense
God save ds country o!
Is the country broke?
The govt shld also restructure the government; their salaries and number of post,all d allownaces, hugh salaries and countless posts in the government is outrageous,this is one of the reasons people do what they do to oppress others
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