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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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Collapsed building: Eight bodies evacuated, as victims are counting their losses

By Akinola Ajibade

Eight bodies were do far  recovered from the collapsed building at Ebute-Metta in Mainland Area of Lagos state, at the time of filing this report 

This happens, as relations and passers- by in the area are counting huge losses suffered by the occupants of the building.

While many described the incident as tragic, others said that the occupants may not able to easily  recover from the incident.. 

Coupled with this is the fact that many people, who are living around where the incident occurred  are asking humanitarian agencies and the state government, to help the victims with funds in order to start a new life.

The house, which  is located at 24, Ibadan Street, Off Herbert Macaulay Way in the area has been  attracting  people from far and near since Sunday Night, when the incident happened.

The News Mirror' gathered that at least eight people( five males and three females) have lost their lives since Sunday when the building crumbled. There is likeihood of recording more casualties, as the search for more victims continue 

The National Emergenccy Management Agency( NEMA) iSouthWest Coordinator,  Mr Ibrahim Farinloye, in an interview with the media recently, said that 23 occupants of the building are nearing evacuation, adding that more people are going to be evacuated soon, as the search for them continue.

He said that the officials of the Lagos State Building Collapse Agency have begun the evaluation of occupants of the building, stating that the house has shown signs of distress before the incident.

“The building has shown signs of serious distress, with a part of it falling off.

“The building had earlier been marked as distressed but the occupants were deviant in leaving the premises,” Farinloye said.

Meanwhile, The landlord’s son, in whose care the collapsed three-storey building in the Ebute Metta area of Lagos State was entrusted, said he gave the occupants of the building quit notice when he discovered the visible stress on it.

Also, the caretaker told reporters that he was living in the building with other occupants when he noticed signs of distress.

He noted that he later left the building and rented an apartment in the same vicinity.

The caretaker added that the quit notice was handed over to the occupants which they failed to adhere to.

According to him,  he had not collected rental fees from the tenants for a long time since he had expected them to pack out.

Prior to this period,  the  National Emergency Management Agency (NEMA) said  that the death toll from the three-storey building which collapsed on Sunday about 10:56 p.m had risen to eight..


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