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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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Lagos Shut Down Four Churches, Others Over Pollution

By Favour Ifeoluwa & Akinola Ajibade 

The Lagos State Government, yesterday, shut down four churches and several businesses breaching the State Environmental Law of 2017 in Ojo Local Government Council.

Establishments sealed by the government through the State’s Environmental Protection Agency (LASEPA) include Rockslide Gospel Church, Unique Caesar & Bar, a recycling company, New Yorker Hotel, Flex Bar & Spa Hotel, Mountain of Faith International Gospel, Jesus International Christian Church, VLC Donald Restaurant & Event Centre, Zion Believers Church, and VLC Donald Hotel.

These establishments were sealed yesterday by the LASEPA team in the Ojo Local Government Area for allegedly failing to meet the state’s environmental standards.

After the closure, the General Manager of LASEPA, Babatunde Ajayi, reiterated the agency’s commitment to maintaining environmental standards and ensuring compliance.

He said that the agency will take decisive actions against any business not adhering to the regulations and encouraged all enterprises to collaborate with the state government to improve Lagos’s environmental conditions.

Ajayi said that LASEPA remains dedicated to safeguarding the environment and will continue to monitor and enforce compliance rigorously.

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