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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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Gun men kidnap three traditionalists



By Akinola Ajibade


Nigeria's critical economic and social  situations continue unabated, two day ago, as three  traditional worshippers were abducted along the Benin-Abraka road in the country.
The victims in a report made available to the News Mirror,were on their way to a river to perform rituals when they arrested by their abductors and whisked into the forest.

The Police Command in a statement by its Deputy Public Relations Officer, ASP Jennifer Iwegbu on Tuesday, disclosed that the incident occurred on Monday, 25 July, 2022, at about 1pm.

It said: “The Command through its divisional headquarters at Ugo received a complaint that hoodlums suspected to be kidnappers accosted and whisked into the bush three traditional worshippers who had gone to a river along the Benin-Abraka road to perform rituals.Upon receipt of the information, the Divisional Police Officer Ugo, immediately mobilised his operatives to the scene in hot pursuit of the hoodlums and possible rescue of the victims.

“The hoodlums sensing the presence of the operatives on their trail, were forced to abandon their victims and fled into the bush.The victims have since been reunited with their families. Meanwhile, intense bush-combing is still ongoing to neutralize or arrest the hoodlums.”

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