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U.S. Sanctions COSCO Companies for Transporting Iranian Oil

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U.S. Sanctions COSCO Companies for Transporting Iranian Oil

The U.S. has taken “further action as part of our maximum economic pressure campaign against the Iranian regime and those who enable its destabilizing behavior” by imposing sanctions on six Chinese companies.

The U.S. Department of State says the companies knowingly engaging in a significant transaction for the transport of oil from Iran in defiance of sanctions set in place in November 2018. The firms sanctioned under E.O. 13846 are: China Concord Petroleum Co., Limited, Kunlun Shipping Company Limited, Pegasus 88 Limited, and COSCO Shipping Tanker (Dalian) Seaman & Ship Management Co, Ltd. The U.S. is imposing additional sanctions on the following two Chinese companies, which own or control one or more of the four companies identified above and had knowledge of their sanctionable conduct: Kunlun Holding Company Ltd. and COSCO Shipping Tanker (Dalian) Co., Ltd.

The U.S. is also imposing sanctions on the following five individuals, who are executive officers of one or more of the companies identified above:  Bin Xu, Yi Li, Yu Hua Mao, Luqian Shen, and Yazhou Xu.

The transaction in question took place after the expiration of China’s Significant Reduction Exception (SRE) on May 2, 2019, and was not covered by that SRE.

Also read: Cargo Ship Grounds off Sweden, Alcohol Influence Suspected

This is one of the largest sanctions actions the U.S. has taken against since sanctions were re-imposed in November 2018. The sanctions aim to deny the Iranian regime critical income to engage in foreign conflicts, advance its ballistic missile development and fund terror around the world, says the U.S. Department of State. “We are committed to fully administering our sanctions; the Iranian regime must cease these destabilizing activities or face greater economic pressure and diplomatic isolation.”

Earlier this year, the U.S. blacklisted Chinese state energy company Zhuhai Zhenrong Co. Ltd. for allegedly buying oil from Iran.

 

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Court Commences Hearing In Forgery Case Against CAC Pastor

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Court Commences Hearing In Forgery Case Against CAC Pastor

 An Oyo State High Court in Ibadan on Thursday commenced hearing in a forgery case levelled against one Pastor Moses Ayantoye, of Christ Apostolic Church (CAC).

The defendant is facing trial in a 31-count charge, bordering on forgery, fraud and impersonation.

The Prosecution Witness, DSP Charles Oluwatoki, while being led in evidence by the Prosecuting Counsel, Mr Michael Lana, said he was part of the team that investigated the case.

Oluwatoki said he worked at the Police Zonal Criminal Investigations Department, Zone II, Osogbo.

However, an effort by the prosecutor to tender some documents through the witness was objected to by the defendant’s counsel, Mr Anthony Daramola, who said he was not served with the document.

The prosecutor then prayed for adjournment, promising to supply the defendant’s counsel with all the necessary documents to prosecute the matter.

Justice Racheal Akintola, thereafter, adjourned the case till Oct. 8 and Oct. 15 for the continuation of hearing.

It was reported that the prosecutor had alleged that the defendant forged the letterhead of CAC to write a letter which he later forwarded to the Assistant Inspector-General of Police (AIG), Zone 11, Osogbo.

Lana alleged that false statements were made in the letter against pastors and the solicitor of the church, including officers of the Corporate Affairs Commission, to get them falsely prosecuted for criminal offences.

He said that the defendant, with intent to defraud, also came up with documents of the church without any authority and wrote a letter to the Legal Practitioners and Privileges Committee.

Lana further stated that the defendant provided false information to the Chairman, Legal Practitioners and Privileges Committee, to deprive an applicant seeking the rank of Senior Advocate of Nigeria (SAN).

The prosecutor also alleged that the defendant published a defamatory matter against the President and other Trustees of Christ Apostolic Church, Nigeria, in the national dailies of Oct. 18, 2021.

According to him, the offences contravene Sections 117, 125A, 373, 375, 484, 473, 463, and 465 of the Criminal Code, Cap 38, Laws of Oyo State, 2000.

The defendant had earlier pleaded not guilty to the charges and had been granted bail.

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China Launches World’s Largest Fully Electric Container Ship

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China Launches World's Largest Fully Electric Container Ship

COSCO Shipping, a Chinese government-owned company, has introduced the biggest river-to-sea electric container ship, called the Green Water 01. This massive vessel, weighing over 10,000 tons, is fully electric.

The Green Water 01, a COSCO Shipping electric container ship, measures 119.8 meters in length, 23.6 meters in width, and 9 meters in depth. It has a design draft of 5.5 meters and can reach a maximum speed of 19.4 km/h (12 mph). This vessel sets various records in the marine industry, including its length, width, container capacity, deadweight tonnage (over 10,000 tons), and battery capacity (exceeding 50,000 kWh).

The electric container ship runs on a big battery with more than 50,000 kWh of power. Depending on how long the ship will be at sea, COSCO can adjust the number of battery modules it uses. For instance, they can add extra 20-foot battery boxes, each providing 1,600 kWh of electricity, to extend the ship’s range.

The ship’s captain, Wang Jun, mentioned to CCTV that when the Green Water 01 is fitted with 24 battery boxes, it can complete trips using 80,000 kWh of energy. This is about the same as burning 15 tons of fuel for a similar journey in a regular container ship.

COSCO Shipping mentioned that the Green Water 01 can save 3,900 kg (8,600 pounds) of fuel for every 100 nautical miles it travels, reducing carbon dioxide emissions by 12.4 tons. After its successful launch, the Green Water 01 has started weekly service between Shanghai and Nanjing.

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CUSTOMS: Adeniyi Decorates Newly Confirmed Members of Customs Management

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CUSTOMS: Adeniyi Decorates Newly Confirmed Members of Customs Management

The Comptroller-General of Customs, Adewale Adeniyi, on Wednesday, 15 May 2024, decorated 13 members of his management team with their new ranks at the Nigeria Customs Service Headquarters in Abuja, amidst calls to redouble their commitment and dedication to the success of the service.

The spokesman of the service, Chief Superintendent of Customs Abdullahi Maiwada in a press statement after the ceremony highlighted that CGC Adewale Adeniyi decorated 5 Deputy Comptroller-Generals and 8 Assistant Comptroller-Generals following the approval of their appointments by the Nigeria Customs Service Board (NCSB) on Tuesday, 14 May 2024.

According to the statement, their appointment and approval followed the due process of the Federal Character Commission’s laws and seniority principles, noting that “their appointment was in view of their exemplified dedication and commitment to the service.”

Shortly before decorating the 13 newly promoted officers, the CGC charged them to double their devotion and determination to selflessly promote the Nigeria Customs Service.

While urging them to intensify their contribution to the fight against smuggling, revenue generation and trade facilitation, the customs boss also enjoined the new heads of departments to ensure they have a shared vision on how to fulfil the mandate for each department.

He said, “I must emphasise, as usual, that this level of your placement in the service requires your utmost discipline at all times. You must conduct yourselves in a manner that sets a good example for the officers behind you.”

The decorated DCGs are Suleiman Bomai as DCG/Commander Training and Doctrine Command; Bello Jibo as DCG in charge of Enforcement Inspection & Investigation; Beatrice Nwafor as DCG in charge of Excise, Free Trade Zone & Industrial Incentives; and Caroline Niagwan as DCG Tariff & Trade.

The newly confirmed Assistant Comptroller-Generals of Customs are Baba Imam as ACG Board, Adekunle Oloyode as ACG Trade & Tariff, and Sambo Dangaladima as ACG/Zonal Coordinator Zone ‘B’. Abdulrazaq Abdulazeez as ACG/Zonal Coordinator Zone ‘D’; and Sai’du Yusuf as ACG Human Resource Development.

Others are NP Umoh as ACG Training and Doctrine Command, Charles Obih as ACG/Zonal Coordinator Zone ‘C’, and Ciroma Sulaiman as ACG Strategic Research and Policy.

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