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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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Obi resigns from PDP, pulls out of presidential primary


By Akinola Ajibade

Barely three days to the presidential primary of the Peoples Democratic Party( PDP), the former governor of Anambra State, Peter Obi has resigned from the party.

He announced his resignation from the main opposition party amidst claims by the sons and daughters of Igboland that the East has what it takes to produce the next president of Nigeria.

Obi, who was running mate to the Alhaji Atiku Abubakar, in the last presidential election, resigned from the part  in a letter dated May 24 and addressed to the National Chairman of the main opposition party, Senator Iyorchia Ayu.

Besides dumping the PDP, the presidential aspirant also said he was pulling out of the contest for the party’s ticket – few days to the exercise.

He explained that he took theto leave the party because of his firm commitment to rescuing Nigeria, even if the route differs.

Although Obi said it was a great honour to contribute to nation-building efforts through PDP, he lamented that the recent developments within the PDP have made it practically impossible for him to continue participating and making such constructive contributions.

According to him, the nation’s challenges are deep-seated and require profound sacrifices towards rescuing the country.

The presidential aspirant informed the PDP chairman that he has since conveyed his resignation and withdrawal from the primary to the Chairman of Agulu Ward 2, his ward in Anaocha Local Government Area of Anambra State.

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