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 DECLARES LAKURAWA SECT A TERRORIST ORGANIZATION, ORDERS PROSCRIPTION. (PHOTO).

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Justice James Omotosho of the Federal High Court  Abuja has proscribed the Lakurawa sect, classifying it as a terrorist organisation.


The prescription order followed an ex-parte application filed by the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN).


In a ruling, Justice Omotosho, equally proscribed similar groups operating in Nigeria, especially in the North West and North Central regions of the country.


FG had in the ex-parte application, prayed the court for four orders.


An Assistant Director in the Federal Ministry of Justice, mister David Kaswe, moved the motion that was initially filed on January 14 by the Director of Public Prosecutions of the Federation (DPPF), Mr Mohammed Abubakar.


The FG maintained that it had reasonable grounds to believe that the Lakurawa sect met the criteria to be proscribed as a terrorist group under the Terrorism (Prevent and Prohibition) Act.


It told the court that it would be in the overall interest of justice, peace and security of the Federal Republic of Nigeria to proscribe the sect.

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