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...
By Favour & Akinola Ajibade
The Nigerian National Petroleum Company Limited ( NNPCL) yesterday, sent over 70 management staff, including its Chief Corporate Communication Officer, Garba Dean Muhammed on voluntary retirement.The nation's oil company simultaneously ask Muhammed's immediate subordinate to take over from him.
NewsMirror findings revealed that management staff starts from the rank of Deputy Manager among others senior officials are affected in the recent shakes-up in the bank.
According to the apex bank, this retirement is different from what happened about two years ago when retirement was voluntary. The bank further said that the retirement is compulsory once the affected workers have less than 15 months to go.
The affected staff, CBN said are unfortunately not pensionable, adding that only those have spent 10 years and above are qualified for pension.
Prior to this period, NNPCL has sent packing some of its management staff with less than 15 months to statutory retirement to quit today.
Subsequently, the bank promoted three of its personnel to the position of vice Presidents.
The bank made this known on Tuesday through its official X handle formerly known as Twitter.
This development, CBN said, is in a bid to pursue effective organisational renewal to support the delivery of its strategic business objectives, as it has become imperative to rejuvenate its workforce.
“Consequently, in addition to the recent exit of three Executive Vice Presidents, other management staff with less than fifteen (15) months to statutory retirement will be exiting the company effective Sept. 19, 2023.
“This is in line with our commitment to scale up NNPCL’s capabilities through targeted talent management and equal opportunity for all Nigerians,” the post reads.
Recall that NNPCL on Sunday announced the appointments of three new Executive Vice Presidents, as well as outlined their various designations.
They are Oritsemeyiwa Eyesan, who is now the new Executive Vice President, Upstream; Olalekan Ogunleye, takes over as Executive Vice President, Gas, Power, and New Energy; and Adedapo Segun, Executive Vice President, Downstream.
The announcement of the three Executive Vice Presidents, which was posted on the company’s X (formerly Twitter) handle early on Sunday, stated that their appointments were with immediate effect.
This development led to the compulsory retirement of the company’s three former Executive Vice Presidents, including Abdulkabir Ahmed, Gas, Power and New Energies; Adokiye Tombomieye, Upstream; and Adeyemi Adetunji, Downstream.
The national oil company, formerly known as Nigerian National Petroleum Corporation, transited fully into a commercial entity in July 2022 to become the Nigerian National Petroleum Company Limited.
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