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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ACTRESS DOCKED,REMANDED IN LAGOS FOR SPRAYING,STEPPING ON NEW NAIRA NOTES.(PHOTO).#PRESS RELEASE

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Actress Docked, Remanded in Lagos For Spraying, Stepping On New Naira Notes

The Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Monday, February 13, 2023, arraigned an actress, Oluwadarasimi Omoseyin, before Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos on a two-count charge bordering on tampering with the redesigned Naira notes.

One of the count reads: “That you, Oluwadarasimi Omoseyin, on the 28n day of January, 2023, at Monarch Event Centre Lekki, within the jurisdiction of this Honourable Court, whilst dancing during a social occasion, tampered with the sum of N100, 000.00 (One Hundred Thousand Naira) issued by the Central Bank of Nigeria by spraying same on the said occasion; and you thereby committed an offence contrary to and punishable under section 21 (1) of the Central Bank Act, 2007.

The second count reads: “That you, Oluwadarasimi Omoseyin, on the 28th day of January, 2023, at Monarch Event Centre,  Lekki, within the jurisdiction of this Honourable Court, whilst dancing during a social occasion, tampered with the sum of N100, 000.00 (One Hundred Thousand Naira) issued by the Central Bank of Nigeria by dancing on same on the said occasion; and you thereby committed an offence contrary to and punishable under section 21 (1) of the Central Bank Act, 2007.”



 

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