Oil firm appoints vice-chairman, GM

IN a major restructuring of its management and operations, Owena Oil and Gas Limited has appointed Mr. Samuel Kolajo as Executive Vice-Chairman and Prince Claudius Olateru-Olagbegi, General Manager (Operations).

In a statement issued by the Company Secretary, Mr. Olukayode Enitan, he said their appointment was made the firm’s recent yearly general meeting in Lagos.

Kolajo and Olateru-Olagbegi will work with the firm’s Chairman, Mr. Bankole Oluwajana, to grow the company.

Enitan said Integrated Mineral Development Company Limited (IMDC) still holds a 70 per cent shareholding of Owena Oil and Gas Limited including 40 per cent equity participation it holds in trust for technical partners.

He said the oil firm “is now poised to realise its potential with the new appointments and the setting up of a proper office in Ikoyi, Lagos” to re-chart the company’s course.