The APC's Tonye Cole is challenging this victory in court which he said was won by intimidating voters Along with Lagos the elections in Rivers were the most violent...
The main contenders are the PDP's Fubara and the APC's Tonye Cole who has quarrelled with Tinubu...
In Rivers State PDP governor Nyesom Wike has a clear path to a second term after the Independent National Electoral Commission (INEC) declared that the APC's nomination of candidate Tonye Cole was against election rules (AC Vol 59 No 15 The probity contest)...
The refinery when operational should transform the market in fuel in which Aiteo Oando Femi Otedola's Forte Oil and Tonye Cole's Sahara Petroleum are leading players and in the partly privatised power sector...
Sahara's Managing Director Tonye Cole has fostered consistently warm relations with governments along the West African seaboard...
Although Jonathan's government failed to push the Petroleum Industry Bill which would have sent more federal funds to the Delta it did promote the interests of oil companies owned by business people from the region such as Igho Sanomi's Talveras Tonye Cole's Sahara Oil Walter Wagbatsoma's Ontario Oil and Gas and Ben Peters' Aiteo (AC Vol 55 No 4 Oil theft row escalates)...
Sanusi's statements which also questioned crude oil swaps by Tonye Cole's Sahara Energy Walter Wagbatsoma's Ontario Oil and Claude Dauphin's Trafigura were interpreted as a political attack on Oil Minister Allison-Madueke...
Sanusi criticised several other schemes all of which come under the responsibility of Allison-Madueke: • Strategic Alliance Agreements between an affiliate of the Nigerian National Petroleum Corporation and Jide Omokore's Atlantic Energy which Sanusi said illicitly transferred NNPC revenue to private holdings; • Unaudited crude oil swaps for imports of refined products handled by four local trading groups: Igho Sanomi's Talveras Tonye Cole's Sahara Oil Ben Peters' Aiteo and Walter Wagbatsoma's Ontario Oil and Gas together with Claude Dauphin's Netherlands-based Trafigura; • Illegal oil bunkering – running at over 250 000 barrels a day; • Unaudited third-party financing claims of about $2 bn...
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Tonye Cole became an oligarch under Obasanjo by forming Sahara Energy with his friend Tope Shonubi...
* Tonye Cole (Rivers): Co-founder of Sahara Energy Group close to senior oil officials...
