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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EDO ASSEMBLY SERVES DEPUTY GOV. PHILIP SHAIBU IMPEACHMENT NOTICE. (PHOTO).

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 Edo Assembly serves Gov Obaseki’s deputy, Philip Shaibu impeachment notice



Members of the Edo State House of Assembly have commenced impeachment process against the state Deputy Governor, Philip Shaibu.


The petition for the impeachment of the deputy governor was read on Wednesday at a plenary session of the house.


The Majority Leader, Charity Aiguobarueghian, who read the impeachment petition during plenary, said the petition was signed by 21 out of 24 members against the deputy governor.


Aiguobarueghian, who said the petition was dated March 5, 2024, noted that the number of members who signed the petition were more than the two-third requirement stipulated in Section 188 (2a) of the constitution of the Federal Republic of Nigeria


He said the petition was addressed to the Speaker of the House, Blessing Agbebaku.


The Speaker, who acknowledged the receipt of the petition, said the petition was based on two grounds which were not made public.


The House, however, gave the deputy governor seven days to respond to the petition.


The Speaker directed the clerk of the house, Yahaya Omogbai, to serve the impeachment notice on Shaibu.


Shaibu’s impeachment notice might not be unconnected to his face-off with the state Governor, Godwin Obaseki that had led to him losing out during the just concluded Peoples Democratic Party, PDP, gubernatorial election primaries in the state.


Recall that Shaibu had alleged a plot to impeach him from office, claiming his governorship ambition was responsible for the plot.


He was elected as PDP candidate during a parallel primary election conducted in his residence in Benin City, the state capital.


Asue Ighodalo was also announced winner of another PDP primary exercise which took place at the Samuel Ogbemudia Stadium in Benin.

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