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Trump Pleads Not Guilty To 34 Count Charge
Manhattan prosecutors on Tuesday accused Donald J. Trump of covering up a potential sex scandal during the 2016 presidential campaign, unveiling 34 felony charges that open a perilous chapter in the long public life of the billionaire businessman who rose to the presidency and now faces the prospect of a shameful criminal trial.
Mr. Trump was indicted last week for orchestrating a scheme to influence the 2016 presidential election through hush money to a porn star — becoming the first former American president to face criminal charges.
According to New York Times, He surrendered to the authorities in Manhattan on Tuesday afternoon and later appeared before a judge for his arraignment, where he entered a not guilty plea, a surreal scene for a man who once occupied the Oval Office and is mounting a third run for the White House.
In a remarkable spectacle playing out before a divided nation, Mr. Trump’s 11-vehicle motorcade arrived just before 1:30 at the district attorney’s office. While in custody, he was fingerprinted like any felony defendant, but special accommodations were made for the former president: He spent only a short time in custody, and he was not expected to be handcuffed or have his mug shot taken.
When Mr. Trump, visibly angry, entered the courtroom, he was accompanied by his legal adviser, Boris Epshteyn, and the lawyers handling this case, Todd W. Blanche, Susan R. Necheles and Joseph Tacopina. Mr. Trump declined to speak, despite aides indicating that he might.
The case, brought by the Manhattan district attorney, Alvin L. Bragg, charges the former president with 34 counts of filing false business records in the first degree, a low level felony that carries a maximum of four years in prison for each count, though if he is convicted a judge could sentence him to probation.
The case against Mr. Trump stems from three hush money deals. One of them involved the National Enquirer, a longtime ally of Mr. Trump, paying $30,000 to a former Trump Tower doorman, who claimed to know that Mr. Trump fathered a child out of wedlock.
The tabloid made another payment to Karen McDougal, Playboy’s playmate of the year in 1998, who wanted to sell her story of an affair with Mr. Trump during the 2016 campaign. She reached a $150,000 agreement with the National Enquirer, which bought the rights to her story to suppress it, a practice known as “catch and kill.”
The final payoff, which is the focus of the indictment, involved a $130,000 deal between Mr. Trump’s fixer, Michael D. Cohen, and a porn star in the final days of the campaign. The payment, which Mr. Cohen said he made at Mr. Trump’s direction, ensured the porn star, Stormy Daniels, would not go public with her story of a sexual liaison with Mr. Trump.
While serving as the commander in chief, Mr. Trump reimbursed Mr. Cohen, and that’s where the fraud kicked in, prosecutors say. In internal records, Mr. Trump’s company falsely classified the repayment to Mr. Cohen as legal expenses, citing a retainer agreement. Yet there were no such expenses, the prosecutors say, and the retainer agreement was fictional as well.
Read full count charge here.
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NNPC JV Unveils New Crude Oil Grade ‘Nembe’, Commences Exports With 1,900 Barrels
Precious ADELOLA
The NNPC/Aiteo Joint venture has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market.
The announcement of the Nembe Crude Oil Blend, produced by Aiteo, the Operator of the NNPC/Aiteo Oil Mining Lease (OML) 29 Joint Venture (JV), was made at the ongoing Argus European Crude Conference in London, on Tuesday.
OML 29, an asset located onshore Nigeria, is operated by Aiteo Eastern Exploration & Production Ltd, Africa’s leading indigenous hydrocarbon producer, following a historic acquisition from Shell in 2014.
The Nembe Crude was previously blended with the popular Bonny Light grade and exported via the Bonny Oil & Gas Terminal.
The unique selling point of the Nembe Crude Oil grade with an API gravity was highlighted by both the Aiteo E & P and NNPC Limited Leadership at the Argus Conference in London.
The Nembe Crude Oil grade also has a low sulphur content and low carbon footprint due to flare gas elimination, fitting perfectly into the required spec of major buyers in Europe.
Two cargoes of 950,000 barrels each of the Nembe Crude Oil grade have since been exported to France and the Netherlands. With its attractive Assay of API 29 and low sulphur content, the Nembe Crude Oil grade commands a premium to the global Brent benchmark.
With the NNPC-Aiteo OML 29 JV back on-stream, Nigeria now boasts of an additional crude oil export of 2 Cargoes at 950,000 barrels each per month and 1.2 Bcf of export gas monthly.
This remarkable achievement signals the commencement of activities at Nigeria’s newest crude oil terminal, the Nembe Crude Oil Export Terminal (NCOET), which was licensed in line with the extant laws and Crude Oil Terminal establishment regulations.
The terminal was conceived as a Floating Storage and Offloading Vessel (FSO) with a storage capacity of two (2) Million Barrels and the ability to offload crude oil to any export tanker from AFRAMAX to Very Large Crude Carriers (VLCC).
It has a loading capacity of 25,000 barrels per hour and will be exporting over 3.6 million barrels of Crude oil monthly at full scale of operation.
Currently, hydrocarbon production from OML 29, which was hitherto constrained due to evacuation challenges owing to the security issues around the Nembe Creek Trunk Line (NCTL) corridor, has now been resolved through a collaborative and creative approach that led to the innovation of the Alternative Crude Oil Evacuation Solution.
The Argus European Crude Conference 2023 in London is a gathering of energy majors, refiners, NOCs, traders, financial institutions, and other representatives from across the global oil markets. The event also provides a critical opportunity for business leaders to connect, discuss, share and learn from one another.
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Nigeria Owes NNPCL US$3.1bn, As Subsidy Hits US$921.5m Monthly
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JUST IN: Tribunal Sacks Gov Uba Sani, Declares Election Invalid
Governor Uba Sani of the All Progressives Congress (APC) was removed from office on Thursday by the governorship Election Petition Tribunal sitting in Kaduna State.
The panel ruled that the state’s 2023 governorship election was invalid.
According to information gathered by Biztellers, the judges avoided the actual auditorium and instead communicated the decision via zoom.
It commanded the holding of new elections in seven wards across four local government units in the State.
Isa Ashiru, a candidate for the Peoples Democratic Party, and the PDP filed the petition.