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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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Presidential election, others will hold despite protests, says Yakubu

INEC Chair,Yakubu



By Akinola Ajibade


The Independent National Electoral Commission  (INEC) has allayed the fears that the on-going cash crunch and its attendant protests would hinder the Presidential and National Assembly elections this Saturday, February 25th.

INEC Chairman, Professor Mahmood Yakubu, gave this assurance while inspecting the coalition centre, which is being prepared for the exercise. 

Yakubu's statement is coming on the heels of  cash crunch and its attendant protests in many  parts of the country. 

According to him, the commission is working closely with the CBN and security agencies, in order to ensure that the elections hold without hitches.

He said:" The Central Bank has assured us that we will not suffer any encumbrances in that regard, no there are no issues with respect to that,” he stated.

“On what is happening around the country – the protests – is a security matter and security agencies have assured and reassured us that they will secure the environment for elections to hold peacefully nationwide. So we have no issues in that respect." 

Ballot Boxes 

The INEC Chairman,  in addition, advised the  trainee Corps members to be loyal to Nigeria, Nigerians and not political parties, also told them that on no account should they leave the BVAS in the custody of another.

The corps are the trainees for the elections. They are expected to work in the coalition centres and other places, which are crucial for the success of the exercise.

He said that the corps members are going to be tracked during the elections in order to ensure accountability.

After visiting the training centres, Yakubu, INEC officials and journalists proceeded to the International Conference Centre (ICC) for inspection.

The INEC boss said that they will perform basically three activities in this ICC which has been serving as the national collation centre for the collation, announcement of winners and presentations of the Certificate of Returns (CoR) to president and vice president elect; as well as the senators and house of representatives members elect.

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