GERMANY AND AUSTRIA TO TAP OIL RESERVES AFTER 400 MILLION BARRELS REQUESTED. (PHOTO).

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 Germany and Austria to tap oil reserves after 400 million barrels requested  Germany and Austria announced they are releasing portions of their oil reserves in response to an International Energy Agency request for member nations to collectively release 400 million barrels to help ease rising energy prices linked to the Iran conflict. Japan also said it will begin releasing part of its reserves starting Monday. The move marks one of the largest coordinated releases of emergency oil stocks in history. The previous record came in 2022, when IEA members released 182.7 million barrels following the energy disruptions caused by Russia’s invasion of Ukraine. Member countries currently hold over 1.2 billion barrels of public emergency oil stocks, along with an additional 600 million barrels of industry stocks maintained under government requirements. The release comes amid heightened tensions in the Persian Gulf, where Iran has targeted commercial ships and disrupted shipping throug...
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A EX-COMMISSIONER IN ADAMAWA STATE,SENTENCED TO 10 YEARS FOR FRAUD YESTERDAY.

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                  Yesterday friday December 4,2015,a former Commissioner of Local Government Affairs in Adamawa state,John Ellias Babani,was sentenced to to 10 years by Justice Bilikisu Bello Aliyu of the Federal High Court,Yoa,Adamawa state for defrauding Adamawa state government of the Sum of N51.5 miion while in office.He was arraigned by the EFCC {Economic and Financial Crimes Commission} on March 5,2013 alongside two others who were discharged as well as a company owned by Elias on four count charges of fraud.Justice Aliyu sentenced the first convict,John Babani Elias to 10 years imprisonment on count 3 and 4 but the two sentences will run concurrently,and he must refund the sum of N51.5 million to Adamawa state Local Government joint account fund from where it was stolen.The judge also ordered the Corporate Affairs Commission {CAC} to wind up Al-Akim Investment Limited and have its assets forfeited to the Federal Government of Nigeria.Justice Aliyu said the Judgement will serve as a  deterrent to public office holders who may want to divert public funds for personal benefit.One more photo below.                                                                            

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