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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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'Why Malami, Ngige, others attended FEC meeting as observers'

By Akinola Ajibade

The Federal Government' appointees  were allowed to attend the Federal Executive Council ( FEC) as mere observers, not as participants with constitutional rights to deliberate on national issues. 

They are the Attorney-General of the Federation, Abubakar Malami; the Minister of Labour and Employment, Chris Ngige; the Minister of State for Petroleum Resources, Timipre Sylva; and the Minister of Women Affairs, Pauline Tallen.

The development is coming on the heels of the resignation letters they rendered, in order to be able to contest for the presidential election in 2023.

While reacting to the issue, the Minister of Information, Lai Mohammed  said that the only President Muhammad Buhari ( retd) could determine the fate of the four ministers, who had been hosted at a valedictory ceremony last week only for them to make U-turn and dumped their political ambitions.

Also, Human Rights Activist, Femi Falana said that the meeting was presided over by Major General Buhari.

Responding to a question, Falana said, “They only attended FEC as observers because the President already held a send-off for them. So, they are only observers and even the minister of information has said it is left for the President to determine their fate.

“Nigeria is not a banana republic. It is embarrassing for the President to invite them to a send-off ceremony they voluntarily attended and one of the outgoing ministers even thanked the President,” said Falana.

The senior advocate said as far as the constitution is concerned, the resignation of a minister takes effect once the letter of resignation is received by the appointing authority.

“For the avoidance of doubt, section 306 (2) thereof provides that ‘The resignation of any person from any office established by this constitution shall take effect when the writing signifying the resignation is received by the authority or person to whom it is addressed or by any person authorised by that authority or person to receive it,’”.

Meanwhile, Lai Mohammed said the fate of the affected ministers will be determined by the President.

According to Mohammed: “…about ministers returning or not going, I think you need to give me more time so that I can tell you exactly what the situation is. Right now, I need to cross-check. I need to confirm again from Mr President what the situation is.”

Citing the killing of some policemen in Anambra State, he added that “We did warn Facebook to please, do more than what they are doing now. And I must say that their response was quite encouraging. They said they are going to do much more.”

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