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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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ASUU to Fed Govt: Hunger won't force us to resume strike By Akinola Ajibade



University lecturers have vowed not to succumb to the weight of bad economy and its attendant hunger in order to resume strike actions, which have entered four months and above,.

The lecturers through its Academic Staff Union of Universities( ASUU) said this recently, as the pressure mounted on them to resume became stronger in the country by the day.

According to ASUU, they are not going to resume their strike actions, despite the hardship imposed on their families as a result of the No-Work-No-Pay directive of the Federal Government.

Following the failure of the government to meet some lingering demands of the union, ASUU on February 14, 2022 announced a one-month warning strike, followed by another eight-week strike before it eventually commenced its indefinite strike.

The continued strike led to the imposition of No-Work-No-Pay by the Federal Government. The Minister of Labour and Employment, Dr Chris Ngige, said the directive was in compliance with Section 43 of the Labour Law.

Though some of the demands by the union are still undergoing negotiations, the ASUU President, Prof Emmanuel Osodeke, expressed optimism that the union was on the threshold of victory.

He however noted that the resolve of the union forced the government to engage in negotiations.

University of Ibadan

Osodeke said, “As the struggle continues, our members are commended for their commitment and steadfastness in the patriotic struggle for the survival of the university system in our country.

“Our members are particularly applauded for keeping faith with the union in spite of the hardship imposed on our families as a result of the stoppage of salaries. They have made the statement loud and clear that we are not beggars and, as a result, hunger is an impotent instrument to break our resolve.

“Our cast-iron resolve has forced the government to sit down and negotiate with us. We have had five meetings with the Federal Government team and two meetings with the Minister of Education. The renegotiation of the 2009 ASUU-FGN agreement is progressing smoothly and has reached an advanced stage.

“However, we must remain focused to the end of this struggle. UTAS (University Transparency and Accountability Solution) has been tested for the third time. So far, NITDA (National Information Technology Development Agency) has tested UTAS and UPS and will start testing IPPIS next week. We are undeterred by the antics of some government officials in this respect.

“We are on the threshold of victory. Let us keep faith with the union. A people united can never be defeate

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