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Oando Acquires Oil Block In Angola

Oando Plc  Favour Ifeoluwa & Akinola Ajibade  Oando Plc  says it has completed and won the bid for the operatorship of oil block KON 13 in Angola. The firm which recently acquired Eni of Italy’s oil assets in Nigeria, said that the award of the oil block located in Angola’s onshore Kwanza Basin followed a competitive bidding process by the country’s oil and gas sector regulator. It further said hat the asset in which it owns 45 per cent participating interest, has estimated prospective resources of 770 to 1,100 million barrels of oil. Oando is handling its operations relating to the asset through its upstream subsidiary, Oando Energy Resources (OER). “Oando Plc,  Africa’s leading indigenous energy solutions provider listed on both the Nigerian Exchange Limited and Johannesburg Stock Exchange is pleased to announce that its upstream subsidiary, Oando Energy Resources (OER), has been awarded operatorship of Block KON 13 in Angola’s Onshore Kwanza Basin, following a...
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Works Ministry, Three Others Shut Down Over Payment Defaults



By Akinola Ajibade

The Federal Ministry of Works, Federal Character Commission ( FCC), Merit House Maitama and Murg Plaza are under lock and keys, following their inability to pay N10billion  waste debts owed the Abuja Environmental Protection Board (AFPB). The Institutions were shut down by the Federal Capital Territory Administration ( FCTA), which has overall control over the Board.

The Managing Director of the Board,  Engineer Odilams Briamah revealed this to journalists recently after the exercise.

He sexplained that the Board rendered waste management services to the Ministry of Power and others, adding that they refused to pay for the services given to them.

He said that the board had huge amount laying without response from the defaulters.

He added:“We try to negotiate to have a better way to achieve results but there was no positive response, we have given them payment plan but many of them refused to take this opportunity serious, the board then resort to legal means to recover the debts. The board got court orders to seal the premises” he said.

According to him, the exercise which has just begun will cover all public and private offices owing the board.

A senior magistrate court sitting in Wuse II, Abuja had served the defendants with summons to appear before the court on March 30th, 2022 but they failed to honour the court.

The break down of the debts showed that Federal Ministry of Education owed 25,838,275, Federal Ministry of Defence –17,220,775.00 and Federal Character commission—10,128,906.25.

Others include Civil Service Commission–2,451,649.50, Revenue Mobilisation and fiscal commission—21,683,750.00
Federal Ministry of Health 14,204,843.75, Fed Ministry of Trade & Investment—-19,222,287.50, Federal Ministry of Works — 9,998,625.00, Nigeria Security and Civil Defence Corps Wuse–16,583,031.25.

The senior Special Assistant on Monitoring Inspection and Enforcement to the minister of FCT, Ikahro Attah, who led the enforcement said the operation followed the initiative put together by the minister of FCT and the permanent secretary to recover the extreme debts owed the board.

He stated that the FCT Administration is worried about the high amount owed it. In a

He added:“FCT Administration needs enough fund to build infrastructure and keep the city running. The administration has decided to go after the Ministries, parastatals, agencies and private individuals.We cannot wait to see government money tie down, is wrong for people not to pay for services rendered” .

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