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...

ALHAJI SULE LAMIDO'S TRIAL,STALLED TODAY OVER DEFENCE'S ABSENCE.{READ}.

               The trial of a former governor of Jigawa state,Alhaji Sule Lamido,and his cohorts before Justice Adeniyi Ademola of the Federal High Court sitting in Abuja could not continue today monday,May 9,2016,due to the absence of the counsels to the defendants.Lamido is being prosecuted alongside his two sons,Aminu and Mustapha,and two others by the EFCC,on a 27 count charge bordering on abuse of office and money laundering.At the resumed hearing today,the prosecution counsel,Chile Okoroma,presented to the court a letter dated May 6,206 from Joe Agbi,SAN,one of the defence counsels,stating the unavailability of the other counsels due to some inexplicable reasons.One More photo below.                                                                                                                       

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