Skip to main content

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...
Post a Comment

Customs Hands Over $54.330 To EFCC



By Favour Ifeoluwa & Akinola Ajibade



The Comptroller, Tincan Island Command of the Nigerian Customs Service (NCS),  Dera Nnandi has reiterated the plans to sustain the fight against corruption in the pars military agency and the country in particular.

He said that there would be zero compromise for corruption in the nation, noting that the stance of the Comptroller-General of Customs, Adewale Adeniyi.would be greatly upholded..

He said this when he handed over $54,330 bribe money to Lagos Zonal Commander of the Economic and Financial Crimes Commission (EFCC) , Mr. Michael Wetkas.

He added, in a statement, that tramadol valued N856million were falsely declared as electrical appliances by criminals, in order to conceal their identity, while the cash  were offered to compromise the customs officers..

He said the act is in clear violation of Section 233 of Nigeria Customs Service Act (NCAA) 2023 and commended the officers who stood their grounds to work ethically and lawfully in the interest of national security

He further advocated the need for continuous compliance on the part of port users and reminded them that the NCS with the collaboration of sister agencies like EFCC will continue to frustrate criminal activities in the port

He thanked Comptroller Oloyede, who under his watch, this seizure was achieved and described him as a good example of the NCS.

He said the two suspects arrested in connection with the two containers are currently being investigated by the National Agency for Food Drug Administration and Control for possible prosecution.

Receiving the cash,Mr. Michael Wekas,
described the feat as a victory for the country and to all the security agencies. He specifically celebrated the officers of the NCS that achieved it.

He also lauded the the Comptroller General for the letter of commendation in appreciation of the six customs officers who refused to bow to pressure and inducement from the owners of the illicit drugs.

He promised continued collaboration between the EFCC, NCS and sister agencies. According to him, the era of working without collaboration is gone as the agencies now work closer

 

Comments

Post a Comment

Popular posts from this blog

HAPPY 70 TO ELDER ADE ADEDAMOLA OGIDAN

PLATINUM BIRTHDAY ANNIVERSARY OF ELDER ADE ADEDAMOLA OGIDAN, A FOREMOST JOURNALIST & EDITOR By Favour Ifeoluwa & Akinola Ajibade Like a new born child, beaming with smiles for coming out of his mother's womb in order to live a fulfiled life, the celebrator,Ade Ogidan fits perfectly well into this category. Simply known as AAO, a shorten form of Ade Adedamola Ogidan, the thorough based journalist is without doubt, a  well grounded newsman.. With Bachelor of Science ( BSC) Degree in   Sociology and Anthropology( 1976 ) from University of Nigeria, Nsukka,  Ogidan has cut his teeth well in Journalism. Prior to this, he  taught in Osogbo Grammar School and worked at the Nigerian Communication respectively  after his youth service, a development, which no doubt prepared  him well for journalism profession and other future engagements. Pragmatic, resilient and outspoken, where it matters, Ogidan ensured  that his tenure as the first C...
1 comment
Read more

Oil Block: Why Fed Govt Prioritises Production Bonus To Attract Local & Foreign Investors

Oil Blocks: Why FG Prioritizes Production Bonus to Attract Local and Foreign Investors By Ibrahim Musa The Federal Government has emphasized production bonus, which refers to the payment by an operator to a host country upon achievement of oil and gas production, as a strategy for attracting investors to bid for Nigeria’s oil blocks. Previously, the government relied on a high signature bonus, which refers to a single, non-recoverable lump sum payment made upfront by oil companies for their rights to develop oil blocks, as an option for maximizing revenue generation, thus discouraging investors with limited resources from bidding. Currently, the Nigerian Upstream Petroleum Regulatory Commission, NUPRC which regulates activities in the nation’s oil and gas industry, has removed all entry barriers to attract massive investments. This strategy aims at growing oil and gas production, enhancing Nigerian Content Development, attracting Foreign Direct Investment, contributing to l...
Post a Comment
Read more

Axella Plans To Deepen Gas Utilisation in Nigeria

Axella' s Director of Business Development, Mr Franklin Imole By Favour  Ifeoluwa & Akinola Ajibade Axella's Gas Processing Plant announces Final Investment Decision ( FID) to develop a 50 MMASCF/D Gas Processing Plant, with h a view to deepen utilisation of gas  in the country. The firm, which is situated  in 0ML 56 in Delta State,  said that its making strategic investment in order to ensure that gas is available for industrial use in Nigeria. Situated in  Delta State, Southern Nigeria and billed to commence operation by the end of 2024, the facility, Axella' said, boasts of 12 MMSCF  Modular Plant with an interconnection pipeline network of about 4kilometres alongside other ancillary infrastructure. The facility, the company added, is expected to commence operation by the end of this year. Speaking on the plant ,  Axella's  Director of Business Development, Franklin Imole said: " As the Federal Government continues to pursue its...
Post a Comment
Read more