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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GROUP RAISES ALARM OVER OPEN GRAZING, ORDERS HERDERS TO VACATE IMO COMMUNITY.(PHOTO).

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Group raises alarm over open grazing, orders herders to vacate Imo community

25th Jun 2023 

An Igbo youth group, Coalition of South East Youth Leaders (COSEYL), says it has uncovered illegal grazing of cattle in farmlands in Imo communities which have caused hardship among farmers.

The group said no form of open grazing would be allowed in the entire Igboland, while calling for the arrest of some herdsmen who, they said, carry automatic rifles about in the course of grazing their cattle.

A statement by the President-General of the group, Mr Goodluck Ibem, alerted the Department of State Services (DSS) to move without delay and arrest the marauding herdsmen.

The group said: “The unlawful occupation and destruction of farmlands in Obosa Assa Community in the Ohaji/Egbema Local Government Area of Imo State by Fulani herdsmen with their cattle has brought great famine on the people as their crops have been eaten up by the cows.

“The cattle and their headers have also sent indigenes of the community packing from their ancestral homes and community.

“The issue of open grazing has been banned a long time ago, and anyone or group of persons still involved in such outdated practice is on a wicked mission of taking the ancestral lands of the community they are staying.”

The group said there was a bigger agenda than just cattle grazing, which is only a smokescreen, saying that this was more so as the Fulani herdsmen in the community parade with AK-47 rifles and other dangerous weapons.

“We demand that the Department of State Services (DSS) should immediately arrest these terrorists with AK47 riffles parading as Fulani herdsmen in Obosa Assa community, and we demand for payment of damages for crops and farmlands destroyed by those cows.

“We give those terrorists parading as Fulani herdsmen 48 hours to vacate the community immediately and never try or think to come back,” the statement read.

 

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