GERMANY AND AUSTRIA TO TAP OIL RESERVES AFTER 400 MILLION BARRELS REQUESTED. (PHOTO).

Image
 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...

ALLEGED BUDGET PADDING: SERAP SUES AKPABIO OVER REFUSAL TO RECALL NINGI. (PHOTO).


 Alleged budget padding: SERAP sues Akpabio over refusal to recall Ningi


The Socioeconomic Rights and Accountability Project, SERAP, has instituted a legal action against the Senate President, Godswill Akpabio, over the failure to recall Bauchi Central Senator, Abdul Ningi.


SERAP also sued Akpabio over his inability to refer the budget padding allegation to the Economic and Financial Crimes Commission, EFCC, for prosecution.


Ningi had raised an alarm that N3.7 trillion was untraceable in the 2024 budget.


His allegation led to a three-month suspension by the senate following his inability to substantiate the budget padding allegation.


Following his suspension, activist lawyer, Femi Falana had charged the Senate to reinstate Ningi, a demand that has not been met.


However, SERAP posted on X: “BREAKING: We’ve sued the Senate President, Mr Godswill Akpabio over the failure to recall whistleblower Abdul Ningi, and to refer the alleged N3.7 trillion budget padding to the EFCC and ICPC for investigation and prosecution.”

Comments

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

AMBODE,SOYINKA & OTHERS AT THE OFFICIAL LAUNCH OF LAGOS AT 50 YEARS ANNIVERSARY AGAINST 2017.{PHOTOS}.