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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EFCC INTERCEPTS N32.4M ALLEGEDLY MEANT FOR VOTE-BUYING IN LAGOS. (PHOTO).#PRESS RELEASE.

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EFCC Intercepts N32.4m Allegedly Meant for Vote-buying in Lagos

The massive operation by the Economic and Financial Crimes Commission, EFCC, to deter vote trading and other financial malfeasance ahead of tomorrow's presidential and national assembly elections may have begun paying dividends with the interception in Lagos of the sum of N32, 400,000 (Thirty-two Million, Four Hundred Thousand Naira) allegedly suspected to be used for vote buying in Lagos. The recovery was made by operatives of the Lagos Zonal Command of the Commission.

The suspect involved has been taken into custody for further questioning.

 The Chairman of the Commission, Abdulrasheed Bawa has implored all personnel of the Commission deployed for election monitoring duties to show courage and not give room for unscrupulous persons to undermine the integrity of the elections through financial inducement.

Tactical team of operatives are currently on ground in all the states of the federation and the FCT. Telephone hotlines have already been circulated through social media for members of the public to share information regarding financial malpractices with agents of the Commission. Details of the number are available on EFCC social media platforms. 

Members of the public are encouraged to report anyone trying to buy or sell votes by making use of the EFCC financial crimes reporting App, Eagle Eye, which is available for download on the Google Play or Apple store. 

 

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