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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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Police exonerates Ogbechie from murder's allegations Court hears on defamation suit

Ogbechie 

By Akinola Ajibade

Police has absolved the Chief Executive officer, Rainoil Limited, Dr Gabriel Ogbechie of allegations that he was planning to murder 
one Prince Ned Nwoko, a politician law maker, who once represented Anochia Oshimili Federal Constituency in Abuja. 
The police in its recently concluded investigations exonerated the business mogul ( Ogbechie) of the blame, adding that he practically knew nothing about the land and chieftaincy  disputes in Idumuje-Ugboko community, in Aniocha North Local Government Area of Delta State.
Subsequently, the Federal High Court, sitting in Abuja, has commenced hearing of defamation suit against Ogbechie. 
In the report released by the police, a certified true copy of which was made available to the media, the police completely exonerated  Ogbechie of all criminal allegations made by Prince Ned Nwoko. 
Recall  that sometimes in February, 2021, Nwoko made series of allegations bothering on threat to life, murder and terrorism against Dr. Gabriel Ogbechie. 
He (Nwoko) further alleged that a certain Osemeka Bosah Oscar who was allegedly privy to the information bothering on the purported threat to life, died mysteriously.
These allegations, among others, subsequently formed the basis of petitions written by Prince Nwoko and submitted to the Nigerian Police Force(NPF) against Dr. Ogbechie. 
However, in its August 12, 2021, report, a certified true copy of which was recently released, the police conclusively found that there the 
allegations made by Prince Ned Nwoko cannot be substantiated. 
In the report signed by Acting Commissioner of Police then Y.Y Abubakar, Special Enquiry Bureau, Force Criminal Investigation Department, the police recommended that;      
“In view of the above facts, investigation has not revealed any evidence to establish a Pima Facie case of conspiracy, threat to life of Prince Ned Nwoko and threat to life of Osemeka Oscar Bosah against the suspects…
Following the heinous allegations made by Prince Ned Nwoko, Dr. Ogbechie had also filed a defamation suit against him at the High Court of F.C.T, Abuja, presided over by the Honourable Justice Chizoba. N Orji. Hearing in the suit commenced on November 30, 2022, with Dr. Ogbechie giving evidence. In the suit, Dr. Ogbechie represented by a senior lawyer, Ekeme Ohwovoriole, SAN, is claiming, amongst others, a retraction of the defamatory publication made by Prince Ned Nwoko, a written apology and the sum of 1 billion Naira against Prince Ned Nwoko for defamation. In the meantime, the case has been adjourned to February 27, 2023, for further hearing

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