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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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APC SUSPENDS LAURETTA ONOCHIE OVER ALLEGED ANTI-PARTY ACTIVITIES. (PHOTO).

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APC Suspends Lauretta Onochie Over Alleged Anti-party Activities

April 1, 2023

Former media aide to President Muhammadu Buhari and Chairman of the Board of the Niger Delta Development Commission (NDDC), Lauretta Onochie, has been suspended by the leadership of the All Progressives Congress in her Onicha-Olona Ward 4 of Delta.

A resolution of the Ward leadership signed by Ogbolu Peter Nduka and Justina Amagor Akaeze Chairman and Secretary along with 25 other members of the ward committee in Aniocha North Local Government Area, accused the Chairman of the NDDC Board for alleged anti-party activities.

The letter dated March 20, 2023, and addressed to Chairman of the APC Delta State chapter, specifically accused Lauretta Onochie of working for the candidate of the People’s Democratic Party in the Governorship election, Sheriff Oborevwori.

The Ward Executive noted that the NDDC chairman’s action contravened the APC’s constitution, which frowns at anti-party activities.

The letter reads in part: “We have painstakingly reviewed the conduct of the just concluded general elections at all levels and have noted, with dismay, that Lauretta Onochie, who is one of the leaders of our great party, worked against the success of the party in Onicha-Olona Ward 4, and beyond.

“Information available to us shows very clearly that she was openly campaigning for the candidates of opposition parties, especially the Peoples Democratic Party, in the run-up to the Presidential and National Assembly, as well as the Governorship and State Houses of Assembly Election. It was also observed that all her allies and supporters were working for the PDP in the state.

“The evidence of this could be seen in the fact that the party lost in her polling unit (Unit 8, Ward 4) in the Presidential, Senatorial, House of Representatives, Governorship and State Assembly Elections.

“We also note that she has failed to fulfill her financial obligations to the party and has never attended any Ward and LGA meetings or other party engagements.

“In the light of the grievous infractions discovered in her as stated in Article 21,2 (I) (II), we have lost confidence in her membership of the party and hereby suspend her from the party with immediate effect.”



 

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