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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 defies court order to resume today, Friday


By Akinola Ajibade

The Academic Staff Union of Universities ( ASUU) has defied the order to resume work today,  Friday, October 7. 
The striking lecturers were ordered to go back to work today, with immediate effect  by the Appeal Court sitting in  Abuja days ago.
The court gave the order in a ruling on an application by the ASUU seeking permission for it to appeal against the order of the National Industrial Court which asked the striking lecturers to resume duty.
Recall that the national industrial court had on September 22, granted an interlocutory order following an application to that effect by the Federal Government, ordering university lecturers to return to work pending the resolution of their dispute with government.
ASUU, through its counsel, Femi Falana SAN headed to the appellate court to seek redress.
At the Appeal Court, ASUU filed an application dated September 28, seeking the leave of court to file an appeal against the industrial court order.
But in its ruling, the Court of Appeal which granted ASUU “conditional leave to appeal the order of the Industrial Court” insisted that ASUU must obey the order of the lower court with effect from today, October 7.
The 3-man panel led by Justice Hamman Barka, said for ASUU to file it’s notice of appeal within 7 days, it must show evidence that it’s members have resumed work October 7.
“Failure to adhere to the order, will make the appeal incompetent before  Court of Appeal, the panel unanimously held.
 

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