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...
Dr Sanda
By Favour Ifeoluwa & Akinola Ajibade
The Federal High Court sitting in Abuja, yesterday ( Thursday), ordered the reinstatement of Dr Tunde Sanda led management team of Eko Electricity Distribution Company ( EKEDC) pendingt the determination of the suit seeking the interpretation of NERC’s Orders.
However, EKEDP Chairman, Dere Otubu remains adamant as our investigation revealed that Dr. Sanda is yet to resume office despite the latest court order.
The Chairman, Legal and Regulatory Compliance Board Committee of EKEDP, had via an Originating summons requested the Court to interpret NERC Directives, which the Chairman of EKEDP had based the recall of the Management team on.
Recall that the Chairman of Eko Disco unilateral leleaved the Managing Director (/Chief Executive Officer alongside some senior staff of their duties in EKEDP and redeploy same to their parent company, WPG Limited, on the NERC Directive.
The NERC order which come on the heels of an attempt to resolve crisis in the board over allegations of ghost staff stated as follows: “EKEDC is hereby directed to ensure that all staff working for the utility are employed by the utility directly, bound by applicable service conditions that are applicable to the employees of the utility and paid through the utility’s payroll….”
But in what seems like a premeditated plot to maintain his plans, Otubu rather than recall the staff, gave the NERC order his own interpretation compelling NERC issued a directive clarifying its earlier misinterpreted Directive as follows:
“The Commission has noted the strong public interest generated by the current event at EKEDP and the various interpretations of the resolutions conveyed vide the said letter, particularly, with respect to paragraphs (4b) and 4(c). We therefore hereby provide further clarifications as follows_ :
“Paragraph 4b- All staff of EKEDP, irrespective of their form of engagement, will be subject to the Commission deemed it necessary to pass this resolution based on the submission of EKEDP, at the meeting of 20 March 2024, that the Condition of Service (“CoS”) of EKEDP as not applicable to Seconded personnel from third party providers_ .
“Paragraph 4c- EKEDP Board is expected to conclude its review of its investigation into the allegation of Ghost workers to identify all personnel involved on causing loss of revenues to EKEDP no later than 27th March 2024. In a case where the indicted parties are seconded from third party providers and **since they are reported NOT subject to the EKEDP CoS, they are to be recalled to their parent companies to avoid the risk of further losses to EKEDP.”
Despite the clarification, the Eko Disco Chairman refused to undo the recall but continued to carryout other acts on the deleted and clarified order.
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