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...
Ousted Niger's President, Bazoun 
By Favour & Akinola Ajibade
Heads of State and Government of ECOWAS yesterday ( Sunday) in Abuja, ordered the immediate release and reinstatement of President Mohamed Bazoum as the legitimate head of government of the Republic of Niger.
In a communique at the end of the Extraordinary Summit on Socio-Political Situation in the Republic of Niger read by the President, ECOWAS Commission, Dr Omar Touray, the leaders also rejected any form of purported resignation by President Bazoum and declared him as the only recognised and elected President by ECOWAS, the African Union and the international community.
‘‘In this regard, only official acts of President Bazoum or his duly-mandated officials will be recognized by ECOWAS,’’ they said.
The leaders expressed strong condemnation of the attempted overthrow of constitutional order in Niger, and the illegal detention of President Bazoum, as well as members of his family and government.
They demanded full restoration of constitutional order in the Republic of Niger and considered the illegal detention of President Mohamed Bazoum as a hostage situation, holding the authors of the attempted coup d’état solely and fully responsible for his safety and security and that of his family and government.
In the event, ECOWAS’ demands are not met within one week, the leaders said they would take all measures necessary to restore constitutional order in the Republic of Niger.
“Such measures may include the use of force for this effect, the Chiefs of Defence staff of ECOWAS are to meet immediately,’’ the leaders said.
ECOWAS leaders also condemned the pronouncement of support by foreign governments and foreign private military contractors, while expressing appreciation to various governments and partners for their stance and solidarity.
ECOWAS leaders also condemned the pronouncement of support by foreign governments and foreign private military contractors, while expressing appreciation to various governments and partners for their stance and solidarity.
Similarly, President Bola Tinubu,who in his capacity as the Chairman of ECOWAS agreed to support and dispatch a Special Representative to deliver the demands of the authority.
In response to the coup attempt, the Summit announced immediate sanctions on Niger including the closure of land and air borders between ECOWAS countries and Niger, establishing a no-fly zone on all commercial flights to and from Niger, and suspending all commercial and financial transactions between ECOWAS Member States and Niger.
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