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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APPEAL COURT AFFIRMS ABURE AS LP CHAIR, FINES APAPA N1M. (PHOTO).

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  Appeal Court Affirms Abure As LP Chair, Fines Apapa N1m


The Court Of Appeal in Abuja has affirmed Julius Abure as the Chairman of the Labour Party (LP).


The Appellate Court also set aside the decision of the Federal Capital Territory (FCT) High Court which last year, restrained Abure and two others from parading themselves as national officers of the party.


In the judgement delivered by Justice Hamma Barka, the Appellate Court held that the high court was wrong to have assumed jurisdiction on the matter.


The Appellate Court also awarded a cost of One million Naira in favour of Abure and against the respondent, Lamidi Apapa.


Justice Hamza Muazu of the Federal Capital Territory High Court had last year, granted and ex-parte order, ordering that Abure and two other national officers stop parading themselves as leaders of the party for allegedly forging national documents but the Appellate Court set the verdict aside.


The Appellate court held that Abure’s appeal has merit and was thereby allowed.


Following the 2023 presidential poll with LP’s Peter Obi coming third, Abure has been in a protracted legal conflict with Apapa who laid claim to the party’s chairmanship.


On March 21, 2024, Abure was arrested in Benin City, the Edo State capital, with viral videos showing him being manhandled by policemen, even as LP supporters fought to prevent his arrest.


The police had said Abure was arrested for attempted murder, illegal possession of firearms, and related offences. The LP chairman was later released on bail the following day after protests by LP members.

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