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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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Lagoon: Man drowns riding a Jet-Ski boat


By Akinola Ajibade


A yet-to-be identified man riding a personal watercraft (PWC) popularly called a Jet Ski boat has been has been reporedly drown around Lekki- Ikoyi waterways in Lagos state.

Reliable sources said that incident occurred,  following  the decision of the man, whose identity is yet to be known as at the press time, to be moving at a high speed.

Sources further said that the  rider was skiing on the waterways when the scooter suddenly experienced a mishap, somersaulted and the rider drowned before the emergency rescue team arrived.

It was learnt that the rider was not wearing a life jacket, as stipulated by the guidelines set by the National Inland Waterways Authority (NIWA), to prevent loss of life.

The tragedy was confirmed by the Permanent Secretary, Lagos State Emergency Management Agency (LASEMA), Dr. Olufemi Oke-Osanyintolu, to have occurred on Wednesday.

Oke-Osanyintolu, through a statement signed and made available to The Guild, said that efforts were ongoing by Lagos State Waterways Authority (LASWA) and his agency’s officials to recover the jet ski rider’s body.

According to the statement, “It was discovered by the agency’s responders on duty at the Lekki base that an unidentified male adult drowned at the Lekki-Ikoyi inland waterways as a result of overspeeding while he was riding on a jet ski at the said location. 

“Efforts are ongoing involving LASWA divers and LASEMA officials to retrieve the body of the adult male whose body has unfortunately sunk too deep to 

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