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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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'No more Okada business in some areas in Lagos' says Sanwoolu

By Akinola Ajibade

An end has come to the operation of motorcycles as a means of transportation in Lagos, as the state governor, Babajide Sanwo-Olu, announced a total ban on  their operation on all highways across six Local Government Areas (LGAs) and nine Local Council Development Areas (LCDAs) in  the state.

He also directed security operatives to  enforce the proscription order across the listed councils from June 1st,2022.

The affected councils are Eti-Osa, Ikeja, Surulere, Lagos Island, Lagos Mainland, and Apapa.

The  ban order extends to all LCDAs under the listed councils. 

Sanwoolu spoke after  after a meeting with the Commissioner of Police, Area Commanders and Divisional Police Officers (DPOs) at the State House in Alausa.

The fresh Okada ban was sequel to the February 2020 restriction placed on the activities of the commercial motorcycles.

He explained that  the government took the decision in line with the State’s Transport Sector Reform Law of 2018 to immediately address the chaos and menace created by operations of Okada in the listed areas.

The governor, who instructed the Police to enforce the order without compromise, sternly warned that the state government would not condone any security formation that relaxes the new ban in its jurisdiction.

He added: “After critical review of our restriction on Okada activities in the first six local government areas where we restricted them on February 1, 2020, we have seen that the menace has not abated. We are now directing a total ban on Okada activities across the highways and bridges within these six Local Governments and their Local Council Development Areas, effective from June 1, 2022.

“This is a phased ban we are embarking on this period, and we expect that within the short while when this ban will be enforced, Okada riders in other places where their activities are yet to be banned can find something else to do. We have given the notice now and we expect all commercial motorcycles plying the routes in the listed councils and areas to vacate the highways before enforcement begins. The enforcement will be total.”

He  advised residents patronising Okada riders on highways to embrace the alternative transport schemes already provided by the government to plan their journey. He said the Government had provided Last Mile Buses, medium-capacity and high-capacity buses in the affected areas for the convenience of commuters.

He maintained that Okada riding on the highways remained unsafe and would no longer be tolerated,adding that the state government had been ramping up construction work on its two rail line projects to further increase the choices of commuting for residents.

He said: “We have provided Last Mile buses in the affected areas; they are working and effective. We also have medium-capacity buses and high-capacity buses working in these areas. Before the end of the year, we are also bringing the rail along these corridors with their terminals. We have provided jetties as well to provide alternatives.

“We will not sit back and watch criminally-minded people use that mode of transportation (motorcycles) to perpetrate crimes and criminality in Lagos. Lives are being lost on a daily basis, preventable accidents are happening every day and the riders are not respecting any of our traffic laws. The situation has led to a complete breakdown of law and order. This ban has come to stay and we will not tolerate any weakness in enforcement.”

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