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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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No Feud Between Igbos And Yorubas, Says Iwuanyanwu, Obasanjo

Obasanjo                          Iwuanyanwu

The fight between the Igbos and Yorubas is in the realm of speculations and therefore should be downplay by Nigerians across boards, the business mogul, Chief Dr Emmanuel Iwuanyanwu gave this indication in Awka, Anambra state capital recently. 

Speaking during one-year anniversary of Prof Chukwuma Sokudo in office as Governor of the state,  Iwuanyanwu said that the people,  destroying Igbo properties in Lagos were “political rascals”.

Similarly, former President Chief Olusegun Obasanjo, condemned the anti-Igbo sentiments in Nigeria, describing it as “Igbophobia”.

Iwuanyanwu said, “I want to let our people in Lagos know, on Wednesday, I called a meeting of the Ohanaeze council of elders worldwide and we x-rayed the events in Lagos.

“I want to tell you that people who attended are from the branches in America, Canada, Europe, London, and Nigeria. We have resolved and I want those from Lagos to go home and tell those in Lagos that we have resolved that never again can we allow anybody to take the life of any innocent Igbo person. All of us are going to fight the person. Never again!

“We are in Nigeria and we have invested in Nigeria. Our investments are so much, we are not going to take the question of people telling us to go, we are not going anywhere.
“And I want to tell those in Lagos to realise that there is no war between us and Yorubas. Yorubas are with us. There are just political rascals, and we’re going to handle them.
“The elders have directed the secretary general of Ohanaeze Ndigbo, [Okey] Emuchay, to set up a commission of inquiry to find out things destroyed; people are going to pay”.

Speaking at the event in Anambra, Obasanjo said when he was president, Soludo was on his team as his economic adviser and they worked well together.
The former president said he was so happy with Soludo’s performance that he decided to send him to the Central Bank of Nigeria (CBN) where he performed “so wonderfully well”.
However, he said after he appointed Soludo and Ngozi Okonjo-Iweala as the finance minister then, someone told him he had made a terrible mistake by appointing Igbo to handle those positions.
Obasanjo said, “On one occasion, soon after I appointed him, somebody came to me and said wow, you have ruined the economy of Nigeria. I said how? He said an Igbo woman, minister of finance; an Igbo man, governor of Central Bank, then you have clearly completed the task of ruining the economy of Nigeria.
“I don’t know why he said that, except for what I can call Igbophobia, and I don’t take that lightly. It remains, it persists.

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