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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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Allegations Made Against Me Are False, Says Emefiele

CBN's Governor, Mr Godwin Emefiele


By Favour Ifeoluwa & Akinola Ajibade 


Barely few days after his bail from Kuje Correctional Center,  the immediate past Governor, Central Bank of Nigeria ( CBN), Mr Godwin Emefiele has described his arrest and subsequent detention by the Federal Government as malicious and  falsely made. 

In his reactions to the publications released by the Punch Newspaper and Premium Times online news platforms, the ex- CBN's helsman said a certain report credited to Punch and Premium News and  prepared by a Mr. Jim Obazee, who was appointed by the President as a private investigator was false. 

Emefiele said: " I have gone through the publications, and I say boldly that the contents of the said publications are false, misleading and calculated to disparage my person, injure my character and to serve the selfish interest of the private investigator". 

He said that his lawyers, due to the fact the matter has been submitted to the court for adjudication advised him not to speak on the issue for now. 

He, however, said that the need to address some of the issues raised in the publication  which are barefaced lies told by the investigator in order to achieve his satanic agenda, forced him to speak. 

According to Emefiele, there was no presidential approval for the Naira design contrary to the provision of the CBN Act 2007..

 "I wish to state unequivocally that there was indeed a presidential approval, and the said approval was handed over to the same Jim Obazee during the process of his investigation in the presence of senior CBN officials and his own investigator. 

Continuing further, Emefiele said the report, which also claimed that the sum of 6.23 million dollars was withdrawn from the CBN vault based on a false presidential directive bearing the signature of the former president Muhammadu Buhari GCFR, and that of the former secretary to the government of the federation (SGF), Mr. Boss Mustapha was not true 

He, however, said that his lawyers have been informed to ensure that his names are cleared from all the documents issued by the Jim Obazee and his team of investigators, stating he has no  knowledge of the directive attributed to the  former president and the Secretary General of the Federation.

Emefiele added that he was seeing the documents used in maligning his character for the first time, noting that he has challenged Obazee to publish the said documents and also the statements that he made to them.


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