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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EFCC ARRESTS TWO CHINESE, SIX NIGERIANS FOR ILLEGAL MINING IN OGUN STATE. (PHOTOS). #PRESS RELEASE

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EFCC Arrests Two Chinese,  Six Nigerians for Illegal Mining in Ogun State

Operatives of the Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 1, have arrested two Chinese and six  Nigerians for alleged involvement in illegal mining activities in the Ogere area of Ogun State.

The suspects: Zhang Hang Lin, Gao Pei Hai, Matthew Mathias, Oluwaseun Amoo
Wasiu Ademola Alao, Ajibola Nurudeen
Ibrahim Yinusa and Saidu Shuaibu were arrested on Friday, 9 May 2025, during a sting operation following credible intelligence received by the Commission and detailed surveillance carried out on them.

At the point of arrest, operatives recovered three trucks loaded with sacks of substances suspected to be ground lithium powder and other yet-to-be-identified solid minerals. 

Other items recovered from the suspects include a Toyota 4Runner SUV, mobile phones, samples of low grade lithium,  Automated Teller Machine,  ATM cards, the suspects’ international passports, four pieces of LED Flashlight and other documents. 

The suspects will be charged to court upon the conclusion of investigations.
More photos below. 







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