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Italy Earthquake Leaves 21 Dead, Amatrice Town in Ruins

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Italy Earthquake

(CNN) – A strong, shallow earthquake hit central Italy early Wednesday, leaving terrified residents huddled outside collapsed buildings overnight and an unknown number of people trapped beneath the rubble.

At least 21 people have died as a result of the 6.2-magnitude earthquake, according to CNN affiliate Rai, all in three badly-affected villages in a mountainous area of central Italy. Ten people were killed in the village of Pescara del Tronto, six in Accumoli and five in Amatrice, Rai reported.

The earthquake hit 10 kilometers (6.2 miles) southeast of Norcia at 3:36 a.m., the United States Geological Survey said. Its tremors rattled Rome — about 100 miles away.

‘Town is no more’

In Amatrice, in the north of Italy’s Lazio region, the town has been left in ruins.

“The town is no more,” Mayor Sergio Pirozzi told the affiliate. “I have an appeal to make: we have access roads to the town cut off and people under the rubble, help us.”

He said there was no power, and it was crucial for rescue crews to get to the town.

Rescue workers called Amatrice residents’ cellphones, and tried to get to those who answered, the affiliate reported. If there was no answer, rescuers moved on to the next person.

The mayor of nearby Accumoli, Stefano Petrucci, told Rai that newer buildings were the most damaged, while some of the more historic buildings suffered less damage.

“We’re digging, digging… hoping to find someone alive,” he said.

While the number of people trapped under the rubble is unknown, rescuers are focusing on finding survivors, said Fabrizio Curcio, head of Italy’s civil protection.

Tommaso della Longa, a spokesman for the Red Cross, said the images coming out of Amatrice are grim.

“The picture we got from our delegate in Amatrice are telling us a terrible story of a small city almost completely destroyed,” he said. “The situation is difficult at the moment.”

The priority is to find survivors, he said.

“These areas are in central Italy and are in middle of mountains and valleys,” he said. “There are small houses in the middle of the valley that are completely alone and they need help. It’ll take some time to reach them.”

Amatrice is known for its traditional all’amatriciana pasta sauce, and was gearing up to hold a festival celebrating the recipe this weekend.
‘Lasted for at least 30 seconds’.

Charlotte Smith, coach of Elon University women’s basketball team in North Carolina, was in Rome with her players when the quake hit.

“It lasted for at least 30 seconds. The entire hotel was shaking,” she said. “I went down to the lobby and there were a lot of people waiting there. … Then an earthquake happened 30 minutes later.”

She said their flight is still on schedule to leave for the United States later Wednesday.

Michael Gilroy was on the second floor of a three-story building in Montepulciano when the earthquake hit. It sent them fleeing into the night

“It felt like the bed was on rollers,” he said.

“It was initially very confusing. I’m from California and had a sense of what it may be. And we ran out to the main area and the chandelier was swaying back and forth. At that point, we knew we had to get out of the building as fast as we can.”

Gilroy, his girlfriend and other hotel guests waited outside in a clear area.

“We’re going to wait for daylight and see what happens from there,” he said.

Aftershocks

About an hour after the earthquake, a 5.5-magnitude aftershock hit near Norcia, one of several that followed.

“At that shallowness and magnitude of 6.2, we’re going to expect lots of aftershocks for next several hours and maybe the next several days,” said Jessica Turner of the USGS.

Landslides are likely because the earthquake struck in a mountainous area, she said.

Although the extent of damage and injuries was not immediately clear, the earthquake could be devastating.

“Overall, the population in this region resides in structures that are a mix of vulnerable and earthquake resistant construction,” the USGS said.

It described the buildings as un-reinforced brick with mud and concrete frame with infill construction.

The Italian Civil Protection has mobilized three helicopters, six vehicles and a mobile convoy to the affected areas. It plans to set up mobile medical or triage units.

It said the biggest damage appears to be in Amatrice and Accumoli in Lazio region, and the Umbria and Marche regions.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Government

EFCC Finally Arrests Okorocha After Hours of Siege, Gives Reason 

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Okorocha

The Economic and Financial Crimes Commission (EFCC) has finally arrested the All Progressives Congress’ presidential candidate and former governor of Imo State, Rochas Okorocha after laying siege on his residence for hours. 

Security operatives attached to the EFCC had surrounded the residence of the former governor earlier on Tuesday and before they finally arrested him late in the evening. 

Investors King can confirm that lots of gunshots and tear gas canisters were fired to disperse angry supporters of the lawmaker who tried to resist the arrest before he was finally arrested.

According to an official of the anti-graft agency, Okorocha will be taken to the headquarters of the commission where he will be until May 30 when he will be arraigned in court.

In an official statement obtained by Investors King, signed by the EFCC spokesperson, Wilson Uwujaren, “the move to arrest Okorocha was followed by the refusal of the former governor to honour invitations after jumping the administrative bail earlier granted him by the Commission.

EFCC had on January 24, 2022, filed a 17-count criminal charge bordering on diversion of public funds and properties to the tune of N2.9bn against Okorocha.

“The case was assigned to Honourable Justice Inyang Ekwo of the Federal High Court, Abuja but attempts to arraign Senator Okorocha was twice stalled owing to the absence of the ex-governor who evaded service of processes”.

EFCC added that at the last adjourned date, March 28th 2022, Justice Ekwo, before adjourning until May 30th, 2022, had warned that it was “the last adjournment I shall grant in this matter”.

“In the circumstances, the Commission is left with no option but to effect the arrest of Senator Okorocha and bring him to trial”, the statement had read. 

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Russia Halts Supply of Gas to Finland, Disagrees on Payment Mode 

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Gas-Pipeline

Russia’s majority state-owned multinational energy corporation, PJSC Gazprom, on Saturday, halted gas exports to one of its neighbouring countries, Finland, in the latest escalation of an energy payments dispute with Western nations.

A statement released by Finland’s gas system operator, Gasgrid said: “Gas imports through Imatra entry point have been stopped.

“Starting from today, during the upcoming summer season, Gasum will supply natural gas to its customers from other sources through the Balticconnector pipeline”. 

Investors King gathered that majority of the European supply contracts are denominated in Euros or Dollars and Moscow already cut off gas to Bulgaria and Poland last month after they refused to comply with the new payment terms.

Imatra is the entry point for Russian gas into Finland and even though majority of the gas used in Finland comes from Russia, gas only accounts for about five per cent of its annual energy consumption.

Gazprom Export has requested that European countries pay for Russian gas supplies in Russian currency (roubles) because of sanctions imposed over Moscow’s invasion of Ukraine, but Finland refuses to do so.

Gazprom Export, on Friday, said: “flows would be cut because Gasum had not complied with the new Russian rules requiring settlement in roubles.”

Earlier on Friday, the Finnish state-owned gas wholesaler, Gasum had said the Russian Gazprom warned that flows would be halted from 04:00 GMT on Saturday morning.

The decision is coming at a time when Finland and Sweden announced that they were going to join the North Atlantic Treaty Organisation (NATO) military alliance, a decision inspired by Russia’s invasion of Ukraine.

Last week, the  Finish Prime minister, Sanna Marin had said: “When we look at Russia, we see a very different kind of Russia today than we saw just a few months ago.

“Everything changed when Russia attacked Ukraine. And I personally think that we cannot trust anymore that there will be a peaceful future next to Russia.”

Marin noted that joining NATO is “an act of peace [so] that there will never again be war in Finland in the future”.

According to Swedish leader Andersson, “to ensure the safety of Swedish people, the best way forward is to join NATO together with Finland”.

The announcements were met with support from leaders in almost all NATO nations.

US Secretary of State, Antony Blinken told reporters that the United States would strongly support the NATO application by either Sweden or Finland should they choose to formally apply to the alliance.

Investors King recalls that Russia had in April, announced the suspension of gas supply to Poland and Bulgaria on the same payment disputes. 

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Government

FG Resumes Conditional Cash Transfer Programme Across Six Local Govt. In Kebbi

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NAIRA - Investors King

The Federal Government has resumed the Conditional Cash Transfer (CCT) programme in Kebbi State, commencing with a payment of N9.24bn to 76,107 CCT beneficiaries.

The National Coordinator of the programme, Hajiya Halima Shehu, made the announcement during a state visit to Governor Atiku Bagudu in Birnin Kebbi.

“As at now, payment to CCT beneficiaries is ongoing in the state. A total number of 76,107 beneficiaries across six local government areas of Bagudu, Danko, Wasagu, Dandi, Jega, and Shanga, will be receiving the payment. The beneficiaries will be receiving 26 months of payment circles, starting from January to February 2020.

“The payment will be in two batches of those 60,000 beneficiaries for four payment cycles, using the virtual account. The second batch has 70,107 beneficiaries for nine payment cycles through the debit cards. The total amount for the two batches in the state, according to Shehu, was over N9.24 billion.

“The Federal Government of Nigeria, in partnership with the World Bank in 2016, designed and developed a safety net programme for Nigeria under the platform of National Social Safety Net Programme (NASSP).

“One of the components of NASSP is the national conditional cash transfer office responsible for implementing the household uplifting- conditional cash transfer to the poor and the vulnerable households across the country,” she said.

Shehu commended the governor for providing her an audience and the chance to update him on the commencement of payments and the state’s successful implementation of the program.

Responding, Gov. Bagudu, represented by his Deputy, Alhaji Samaila Yombe-Dabai, thanked the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development, headed by Hajiya Sadiya Umar-Farouq, for actualising the programme in the state.

“I assure you that the state government will do all it takes to support the success of the programme in the state.

“We are looking forward to getting more local governments to be involved in the cash transfer programme,” Bagudu said.

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