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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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Kaduna Apprehends Suspected Energy Thief


By Favour Ifeoluwa & Akinola Ajibade


Kaduna Electricity Distribution Company (KEDC) has apprehended a suspected thief in the course of conducting a raid on its facilities last month ( November)..

The development is a  a significant move against energy theft.

The suspect named Opafola Abiodun lives at No. 18 Mopa Road, Kaduna. 

In a statement signed by the Head Corporate communications of the company, Abdulaziz Abdullahi, the company alleged that Abiodun had been tapping electricity from the 11KV Leventis Feeder and was caught in an external by-pass on meter number 04190482713.

According to the Head of Unit, Non-MD Metering, Mr. U.A. Gumel, Opafola was disconnected from the power supply on Sept. 28, and charged ₦104,823.

The booking letter, duly acknowledged by Abubakar with GSM: 07056646853 on November 29, serves as a legal document confirming the charges, Gumel said.

Gumel also pointed out that instead of settling the outstanding amount, Abiodun resorted to illegal reconnection, primarily during the evening and night hours.

“Surveillance personnel on a routine monitoring operation caught him red-handed on November 24; prompt action was taken, and the matter was reported to the police, leading to his  arrest.

“The case is currently under the jurisdiction of Kaduna Electric’s security unit, preparing for prosecution.

“In response to the repeated offences, a second charge of ₦92,774.39 has been booked against the accused.

It stated that the incidence underscored Kaduna Electric’s unwavering commitment to contending illegal activities within its service area and ensuring a fair and lawful distribution of electricity to all customers.

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