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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CBD OPERATIVES UNCOVER CRIMINAL HIDEOUT, CALLS FOR CAUTION AMONG RESIDENTS.(PHOTOS).#PRESS RELEASE.

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Arrests Three Suspects
 
The Operatives of the Enforcement Unit of the Lagos State Central Business Districts (CBD) on Tuesday uncovered a criminal hideout located along Lateef Jakande Road, Agidingbi, Beside Anchor Event Centre, Ikeja, arresting three suspects found at the place.

The Special Adviser to the State Governor on Central Business Districts, Mr. Gbenga Oyerinde, who revealed this during his visit to the abandoned property being used as a hideout, warned the general public, especially residents to be cautious in the area, especially at night. He stressed that security operatives have been directed to increase their monitoring exercise in the area to forestall any criminal acts.

The Special Adviser said the abandoned property has been under surveillance by CBD operatives after his office had received reports from the public about the activities of some suspicious individuals who usually converge at the place at night. 

He disclosed further that the Office of the CBD will leave no stone unturned to clampdown on criminal hideouts in all parts of Ikeja CBD in order to ensure that the business district is safe for all business transactions and leisure.


While informing that the three suspects arrested at the hideout during the raid by the operatives have been handed over to the Police for further investigation and possible prosecution, the Special Adviser called on owners of unused properties to secure them properly to avoid being taken over by criminals or risk being confiscated by the State Government.


 

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