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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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31 people died in a stampede in Rivers state'

'31 people died in a stampede in Rivers state' 


By Akinola Ajibade

No fewer than thirty one worshippers lost their lives during a stampede caused by a church programme in Port Harcourt, Rivers state capital recently.
The state police command, in a statement, said that a new generation church organised an outreach programme, which resulted in the stampede in the Garden City.
The church, named as the Kings Assembly, the statement said, was said to have invited members of the public to partake in the event and promised that gift items and food would he served.
The church is located in the GRA axis of Port Harcourt, but the event was to hold at the Port Harcourt Polo Club, a bigger facility to accomodate the anticipated crowd.
The acting spokesperson of the State Police Command, Grace Iringe-Koko, confirmed the 31 death, saying the church had organized the outreach to give out palliatives to the underprivileged before the unexpected occured.
It was learnt that the crowd overstretched the venue as the church had invited members of the public to come and receive gift items and free food for its fourth anniversary.
A source said some of the invitees arrived since Friday evening, while others arrived as early as 6.30am on Saturday for an event that was supposed to start by 9am.
He said most of the victims were taken to the nearby military hospital in Port Harcourt.
“As I speak with you, I have counted 21 corpses at the military hospital. I heard some were taken to a different facility.
“This is not the first time the church is holding this programme, but the crowd since yesterday (Friday) till this morning is too much. Punch.

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