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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...

'Reasons behind Oladiji'rejection as FUTA's VC'

By Akinola Ajibade
The Academic Staff Union of Universities ( ASUU) rejected the appointment of Prof Adenike Temidayo Oladiji as the Vice-Chancellor of the Federal University of Technology (FUTA) on the grounds of frauds.
Oladiji, female was appointed the eight substantive VC of the school days ago, but failed to get the nod of its Senate.
The rejection of Prof. Oladiji was contained in a press statement signed by Prof. P. A. Aborisade and Prof. M. B. Oyun.
In the statement, the two concerned members of the senate alleged that the selection process of the first female Vice-Chancellor was fraught with fraud and lacks transparency.
According to them, the appointment was contrary to the laws of the university, (Act No 11 of 1993) as amended (2003) concerning the processes of the selection of a Vice-Chancellor.
“Section 3 (b) states: The Council shall select one candidate from among the three candidates submitted to it under subsection (3) of this section and forward his name to the President, Commander-in-Chief of the Armed Forces”
The concerned members, however, noted that the new head of the University emerged through the election process, saying that voting during the process is alien to the law guiding the selection of a Vice-Chancellor of the school.
They explained that the candidate who came first during the selection process, Prof. Shadrach Olufemi Akindele with 73.9 percent was dropped while Oladiji who came second with 73.8 percent was selected as Vice-Chancellor through the election.
“The Election of a predetermined preferred candidate whose overall score in the process is lower than that of the candidate who came first throws merit overboard. Unfortunately, that cannot cannot not stand.
“We in FUTA stand for Merit. We found problems with the process at the very end of the procedure for the appointment of the VC when the council had to pick from the list of the three candidates submitted to it.
“Three nominees will be presented to the council in order of their positions. Under normal circumstances, the council should have picked the first based on merit. There is no lobby about it.
“In case, the council will not select the first, it must give cogent reasons why the first must be jettisoned. If the second would also not be picked, there must be a set of reasons for settling for the third.
“But in this case, the council in its wisdom decided to leave the first, second, and the third, and opted for voting between the first and the second, thereby disenfranchising the third. By the law, any of the three candidates presented is good enough for the position of VC.
“If the council wanted to go for voting, we would have wanted to see the votes of the three. But we have a vote for two and zero recorded for the third and that is where we believe something played out here. If you are not picking the best for the university, there must be cogent reasons and we will not accept it until the governing council does what is needed.”
The FUTA ASUU however, said “We reject in its totality the appointment of a candidate (Prof Adenike Oladiji) who came second in the process without any acceptable cogent reason of why the candidate who came first was dropped.
The resort to voting to select a Vice-Chancellor, members said, is alien to the law (Statute) guiding the selection process. The process is called selection intentionally by the drafters of the law rather than Election. The Election is a subversion of our law for specific and pre-determined ends.
“We, ‘Concerned members of FUTA Senate’, hereby call on the Governing Council to rescind hits announcement of the candidate, go back, and announce the appointment of the candidate who came First in the selection process. We will not accept anything less than this.
“We call on our respected colleague Professor Adenike Temidayo Oladiji of the University of Ilorin to remain steadfast at her duty post at UNILORIN and not attempt to come to FUTA as Vice-Chancellor.
“We equally advise our respected colleague Professor Adenike Temidayo Oladiji not to advertise herself as the Vice-Chancellor-Elect of our University FUTA.
It would be recalled that the University council, headed by the Pro-Chancellor and Chairman of Council, Ambassador Godknows Igali, ratified the appointment of Prof. Oladiji as the first female Vice-Chancellor of the institution.

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