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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ORDER EFCC TO RELEASE MY $40M JEWELLERY-DIEZANI ALISON-MADUEKE TELLS LAGOS COURT.{PHOTOS}.

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Image result for diezani jewelry         Diezani Alison-Madueke, a former Minister of Petroleum Resources, has filed an appeal at the Federal High Court Lagos for the reversal of an interim order secured by the EFCC for the interim forfeiture of her 2,149 pieces of jewellery and a customised gold iPhone all valued at $40m, seized by the antigraft agency last month.
Recall that on July 5th, the agency secured an interim order to confiscate the former Minister's jewelries and iphone which is believed to be proceeds from acts of corruption perpetrated while she was in office.
In an application filed by her counsel, Professor Awa Kalu, Diezani who is currently in the United Kingdom, accused the EFCC of entering her apartment illegally and taking the items without any court order. She said the anti-graft agency violated her fundamental “right to own property and to appropriate them at her discretion,” under sections 43 and 44 of the Constitution.
She urged the court to reject the prayer by the EFCC to permanently forfeit the jewellery and the gold iPhone to the Federal Government.
According to the court papers, the jewelleries categorised into 33 sets, include “419 expensive bangles; 315 expensive rings; 304 expensive earrings; 267 expensive necklaces; 189 expensive wristwatches; 174 expensive necklaces and earrings; 78 expensive bracelets; 77 expensive brooches; and 74 expensive pendants.”.The former Minister argued that the entry into her apartment by EFCC operatives was illegal as it was without a court order.Justice Nichola Oweibo adjourned the case till August 29.More photos below.
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