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Thursday, June 6, 2013

#KESUSFACTS: TWO OF NIGERIA/AFRICA'S RICHEST PEOPLE ALAKIJA AND DANGOTE HAVE FRIENDS IN HIGHER PLACES OR QUESTIONABLE FINANCES?

Aliko Dangote and Folorunsho Alakija are African billionaires of Nigerian descent

#KesusFacts: Nigerians should stop gloating on Richest people in Africa lists. Most of these ppl contributed to the demise of the continent! Such rich people in Nigeria include Aliko Dangote & Folorunsho Alakija. Dangote solidly contributed to the demise of the Nigeria Railway Corporation, the passenger and cargo infastructure of Nigeria now almost non existent. Questions arose over Alakija's oil dealings and wealth. After my research, this is nothing but shady fraudulent acquisitions of oil blocks. There are no clear sources of how a secretary with Sijuade Enterprises and a defunct bank ends up a Fashion designer that somehow made friends with the right Nigerian leaders and gets oil blocks. Many Nigerians close to the military government during the oil boom were said to have allegedly gotten nice oil blocks from their pals and became rich from it. I have never had clean faith in anyone who made their money from the oil and gas sectors.

Her Wikipedia profile is sketchy with multiple issues. Nigerians who are fixated with googling everything end up getting inadequate information. As an investigational international Journalist, I went undercover to do my own assessment of the rail system that was once flourishing transporting foodstuff and materials across Nigeria now grounded and most replaced by all the Dangote trucks and tankers. Many observers have said the amount of contracts Dangote gets during natural disaster times in Nigeria are too huge and not disbursed around with smaller contractors, yet even Forbes Africa who writes about them print shady questionable things as well.

Forbes reports that her biggest break came in oil. In 1993 Nigerian President Ibrahim Babangida awarded her company, Famfa Oil, an oil prospecting license which went on to become OML 127, one of Nigeria's most prolific oil blocks. Famfa Oil owned a 60% stake in the block until 2000 when the Nigerian government, led by former President Olusegun Obasanjo, unconstitutionally acquired a 50% interest in the block without duly compensating Alakija or her company. Famfa Oil went to court to challenge the acquisition, and in May this year, the Nigerian Supreme Court reinstated the 50% stake to Famfa Oil. Chevron owns the remaining 40%.

No doubt she is a fighter when Obasanjo took her 50% stake and she got it back almost 12 years later but at the end it boils down to playing with the big boys in what I call the "democratic military." The people own the oil and why don't their oil blocks and shady acquisitions get disclosed to we the public? 

I have always been against the government when it comes to disclosure. Just like that fucked up anti-gay law,  all I ask for is disclosure. It is not in the constitution. Put it on the 2015 ballot and let me see it defeated. Lawmakers are scared it will pass and Nigeria will instantly become a GAY nation. 

It already is!
Fuck all the rich lists and fake money in it.

#KESUS
@HipHosssip on twitter

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