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 ARRAIGNS MAN FOR ALLEGED N18.3M FRAUD IN LAGOS. (PHOTO).#PRESS RELEASE

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EFCC Arraigns Man For Alleged N18.3m Fraud In Lagos

The Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Wednesday, April 26, 2023, arraigned one Aladenola Pitan before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos on a 14-count charge bordering on stealing, obtaining money by false pretence, and forgery to the tune of N18, 396,488.00 (Eighteen Million Three Hundred and Ninety-six Thousand Four Hundred and Eighty-eight Naira Only).

He is also alleged to have, in November 2020, forged a document titled "Revenue Receipt", purported to have been issued by the Lagos State Government, and another forged document in May 2019 titled "Orudu Family", purported to have been issued by the Orudu Family. He pleaded "not guilty" to the charges. 

The prosecution counsel, I.O. Daramola, prayed the court for a trial date and for the remand of the defendant at the Correctional Centre pending the commencement of trial.

The Judge ordered the defendant to be remanded at any Correctional Centre of his choice and adjourned till June 20 and 21, 2023 for trial.



 

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