TROOPS OF OPERATION UDO KA UNCOVER SHALLOW GRAVE, EXHUME REMAINS OF LATE COMMUNITY LEADER IN IMO STATE.(PHOTOS). #PRESS RELEASE.

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 TROOPS OF OPERATION UDO KA UNCOVER SHALLOW GRAVE, EXHUME REMAINS OF LATE COMMUNITY LEADER IN IMO STATE Troops of 34 Artillery Brigade, operating under Operation UDO KA and through the ongoing Operation EASTERN SANITY II, have achieved another significant breakthrough with the recovery and dignified exhumation of the remains of the late Chief Ibe Anyadu of Aggah Community. Chief Anyadu was allegedly murdered by suspected members of a criminal gang recently apprehended in connection with violent crimes in the region. This development follows recent intelligence-driven operations that led to the arrest of suspects responsible for the killing of a Nigerian Army soldier and the recovery of stolen service weapons. During interrogation, one of the suspects confessed to involvement in the murder of Chief Anyadu and volunteered to lead troops to the burial site. On 2 August 2026, the suspects guided troops to a shallow grave within Umudike Forest, one of the criminals’ known camps, where t...
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SAUDI ARABIA ENDS SALES OF OIL IN U.S DOLLARS, CANCELS 50 YEAR AGREEMENT. (PHOTO).

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 SAUDI ARABIA ENDS SALES OF OIL IN U.S DOLLARS, CANCELS 50 YEAR AGREEMENT



Saudi Arabia has decided not to renew its 50-year petrodollar deal with the United States, which expired on Sunday, June 9, as per media reports.


This agreement, originally signed on June 8, 1974, had been a key part of US global economic influence and power. The deal set up joint commissions for economic cooperation and Saudi Arabia's military needs. Back then, American officials hoped it would encourage Saudi Arabia to produce more oil and strengthen economic ties with Arab countries.


By choosing not to extend this contract, Saudi Arabia can now sell oil and other goods using different currencies, such as the Chinese RMB, Euros, Yen, and Yuan, instead of only US dollars. There's also talk of exploring digital currencies like Bitcoin for transactions.


This decision marks a significant move away from the petrodollar system established in 1972 when the US stopped linking its currency directly to gold.  It's expected to accelerate the global trend of using currencies other than the US dollar in international trade.


Additionally, Saudi Arabia has joined Project mBridge, a collaborative effort exploring a digital currency platform shared among central banks and commercial banks. This project aims to facilitate instant cross-border payments and foreign-exchange transactions using distributed ledger technology.


Project mBridge began in 2021 and involves several prominent central banks and institutions worldwide. It recently reached the stage of Minimum Viable Product (MVP), inviting private-sector firms to propose innovations and use cases to further develop the platform. This move by Saudi Arabia marks the beginning of a major shift in global economic dynamics, though its full implications on international trade and finance remain to be seen.

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