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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COURT JAILS MAN FOR N12M INHERITANCE FRAUD IN MAIDUGURI. (PHOTO). #PRESS RELEASE.

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 Court Jails Man for N12m Inheritance Fraud in Maiduguri


The Maiduguri Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Wednesday, April 24, 2024, secured the conviction and sentence of one Isiyaku Ibrahim before Justice Umaru Fadawu of the Borno State High Court, Maiduguri.


He was arraigned on July 3, 2023, on  one-count charge bordering on criminal misappropriation to the tune of N12,000,000.00 (Twelve Million Naira only).wn personal use, to the detriment of the family members of the deceased and

The charge reads: "That you Isiyaku Ibrahim and Mallam Ibrahim sometime between 2014 to 2019 at Jajere Baga Road, Maiduguri, Borno State within the jurisdiction of this Honourable Court, being entrusted with dominion over certain properties belonging to Muhammad Isiyaku (now deceased) to wit: (1) Three Houses, (2) Two fenced lands one of which had seven shops, (3) two bread factories, (4) one open land, (5) two truck tankers and (6) one big installed generator, valued at N12,000,000.00 (Twelve Million Naira) only and thereby criminally misappropriated the said amount to your personal use, to the detriment of the family members of the deceased and therefore committed an offence contrary to section 308 of the Penal Code Cap 102 Laws of Borno State and Punishable under section 309 of the same law.” the same law.”

The defendant pleaded “not guilty” to the charge and the matter proceeded to trial, which prompted prosecution counsel, Faruqu Muhammad who presented six witnesses and tendered several documents as exhibits before the court.

 

Justice Fadawu convicted and sentenced him to one-year imprisonment with an option of N100,000 (One Hundred Thousand Naira) fine for the offence of criminal Misappropriation.

 

Ibrahim bagged his imprisonment when he was arrested by operatives of the Maiduguri Zonal Command of the EFCC for misappropriating properties of a deceased person entrusted to his care.  The properties comprise three houses, two fenced lands one of which had seven shops, two bread factories,  one open land,  two truck tankers and one big installed generator, valued at N12,000,000.00 (Twelve Million Naira).  He was charged to court and convicted.

 

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