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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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ABC Nwosu dumps PDP weeks to 2023 election

                 Nwosu



Favour Ajibade

 

Democratic Party (PDP) Board of Trustees(BoT) member, Professor ABC Nwosu, has resigned  from the party.

He announced his decision to leave the party in a letter dated Thursday, January 12 and addressed to the National Chairman of the PDP,  Iyorchia Ayu.

According to him, he resigned because the party breached the principle of rotational presidency earlier agreed  to uphold.

He also said it was “a matter of conscience and principle because of the party’s inability to adhere to the rotation in its constitution.”

He stated further: “The journey to rotational presidency between the North and South of the country has been an arduous one, and I have been involved. Nigeria and the Peoples Democratic Party must learn to keep to an agreement reached by a Constituent Assembly (1995) and enshrined in the party’s (PDP) constitution (1998).

It was reported that the party has been enmeshed in crisis since the emergence of former Vice-President Atiku Abubakar as presidential candidate of the party.

The crisis escalated after Ayu adamantly refused to resign as the National Chairman of the party as he had promised to do, should the presidential candidate emerge from the North.

The PDP G-5 governor led by Governors Nyesom Wike and Samuel Ortom, alongside other governors: Seyi Makinde, Okezie Ikpeazu, and Ifeanyi Ugwuanyi, have maintained that Ayu steps down as chairman of the party as both the presidential candidate and national chairman cannot come from the same zone.

However, the duo have remained defiant to the demand.

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