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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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ICPC arraigns a Don over $40,000 bribe By Akinola Ajibade


The Independent Corrupt Practices and Other Related Offences Commission ( ICPC) has arraigned one Professor John Kester Ifeanyichukwu over allegations of bribery and inducement of officers of the Commission.

In a single-count charge brought before Honourable Justice A.O. Otaluka of the Federal Capital Territory (FCT), High Court 12, sitting in Apo, Abuja, ICPC accused the Professor of issuing a cheque valued at $40,000 to a staff of the commission.

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A statement signed by the Spokesperson of the commission, Mrs Azuka Ogugua, said,”The cheque was part of the $50,000 and a house in Abuja, promised to the officer to compromise investigation by retrieving the accused person’s devices, MacBook S/N CIML8BUGDTY3, MacBook S/N W80204J7ATN and iPhone pro11 which were in the custody of ICPC for investigative activities.

“John Kester Ifeanyichukwu had earlier been reported to the Commission by the Presidency for alleged acts bordering on corruption, extortion and money laundering.”

ICPC, in a charge No: CR/025/2022, told the the court how the defendant induced one of its operatives to smuggle out a particular iPhone and a laptop and to replace them with a dummy that was to be provided by his personal assistant.

His action is contrary to Section 18 (b) and punishable under Section 18 (d) of the Corrupt Practices and Other Related Offences Act, 2000.

He pleaded not guilty to the charge when it was read to him and admitted to bail in the sum of N10 million and two sureties in like sum.

The sureties must be resident within the jurisdiction of the court and one of them must have a landed property in Abuja.

The trial judge also ordered that the defendant’s international passport and other valid travel documents must be submitted to the court before the next adjourned date otherwise his bail will be revoked.

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