International
US offers $15 million for Chinese nationals accused of aiding Iran
The United States government has placed a bounty on Liu Baoxia, also known as Emily Liu, and three other Chinese nationals accused of supporting Iran.
The 43-year-old woman, a “procurement agent and arms broker”, is on the most wanted list of the Federal Bureau of Investigation (FBI).
Liu, Li Yongxin (Emma Lee), Yung Yiu Wa (Stephen Yung) and Zhong Yanlai (Sydney Chung) allegedly aided IRGC armaments production and sales through delivery of U.S. dual-use technology.
The Department of State, through its Rewards for Justice (RFJ) program, is offering a reward of up to $15 million for information leading to their arrest.
The U.S. is working to disrupt the financial mechanisms of Iran’s Islamic Revolutionary Guard Corps and its branches, all designated Foreign Terrorist Organizations.
The government accused the IRGC of financing terrorist attacks globally, “including via its external proxies such as Hamas, Hezbollah, and Iran-backed militia groups in Iraq.”
A statement by the department said the IRGC partly funds its terrorist activities through sales of military equipment, including unmanned aerial vehicles or drones.
On Thursday, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced it had sanctioned a “teapot” oil refinery and its chief executive officer.
The allegedly purchased and refined hundreds of millions of dollars’ worth of Iranian crude oil from vessels linked to the Ansarallah, aka the Houthis, and the Iranian Ministry of Defense of Armed Forces Logistics.
Secretary of the Treasury Scott Bessent stated that the teapot refinery’s purchases of Iranian oil “provide the primary economic lifeline for the Iranian regime.”
Bessent reiterated America’s commitment to “cutting off the revenue streams that enable Tehran’s continued financing of terrorism and development of its nuclear program.”
International
China’s Foreign Minister visits four African countries on annual tour
Beijing has sent hundreds of thousands of workers and engineers to the continent and gained strategic access to its vast mineral riches, including copper, gold and lithium.
China’s top diplomat kicks off a New Year trip to Africa on Wednesday, the foreign ministry said, seeking to boost trade on a four-country circuit that includes several recent political hotspots.
Foreign Minister Wang Yi’s tour of the continent’s east and south will take him to Ethiopia, Somalia, Tanzania and Lesotho, concluding on Monday, the ministry said in a statement.
The visits are in keeping with the Chinese diplomatic convention of recent decades, whereby the foreign minister’s first overseas trip of the year is to Africa.
The current tour “aims to deepen political mutual trust with all parties… (and) strengthen exchanges and mutual learning”, foreign ministry spokeswoman Mao Ning said Wednesday at a regular news conference.
China is Africa’s top business partner, with trade reaching $296 billion in 2024, according to Chinese state media.
Beijing has sent hundreds of thousands of workers and engineers to the continent and gained strategic access to its vast mineral riches, including copper, gold and lithium.
International
Trump Announces Venezuela to Turn Over Up to 50 Million Barrels of Oil to United States
U.S. President Donald Trump announced on Tuesday that interim authorities in Venezuela will turn over between 30 and 50 million barrels of high-quality sanctioned oil to the United States, following the recent U.S. military operation that removed Venezuelan leader Nicolás Maduro from power.
In a post on Truth Social, Trump stated: “I am pleased to announce that the Interim Authorities in Venezuela will be turning over between 30 and 50 Million Barrels of High Quality, Sanctioned Oil, to the United States of America.
This Oil will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States!
“The president added that he has directed Energy Secretary Chris Wright to execute the plan immediately, with the oil to be transported via storage ships directly to U.S. unloading docks.
The announcement comes amid ongoing developments in Venezuela, where the oil—previously held in storage due to U.S. sanctions—is estimated to be worth up to $2.8 billion at current market prices around $56 per barrel.
Analysts note that this volume represents a modest addition to global supply but could divert exports previously destined for China.U.S. crude futures dipped slightly following the news, closing lower by about 1.3%. Major U.S. oil companies, including Chevron, ExxonMobil, and ConocoPhillips, are reportedly monitoring the situation, with meetings planned between industry representatives and the administration to discuss future investments in Venezuela’s vast oil reserves.
The deal marks a significant step in Trump’s stated goal of revitalizing Venezuela’s oil sector, which holds the world’s largest proven reserves but has seen production decline sharply in recent years due to sanctions, underinvestment, and mismanagement.
International
Nicolas Maduro, wife plead not guilty in New York court
Maduro, 63, told a federal judge in Manhattan that he had been “kidnapped” from Venezuela and said, “I’m innocent, I’m not guilty; I’m still the president of my country.”
Deposed Venezuelan president Nicolas Maduro pleaded not guilty to charges of narco-terrorism in a New York court on Monday, two days after being snatched by US forces in a stunning raid on his home in Caracas.
Maduro, 63, told a federal judge in Manhattan that he had been “kidnapped” from Venezuela and said, “I’m innocent, I’m not guilty; I’m still the president of my country.”
Maduro’s wife Cilia Flores likewise pleaded not guilty.
The pair were snatched by US commandos in the early hours of Saturday in an assault backed by warplanes and a heavy naval deployment.
(AFP)
China’s Foreign Minister visits four African countries on annual tour
MTN’s 5G subscribers reach 15m
China-Nigeria bilateral trade hits $22.3bn in 2025
Tech Expert, Zuckerberg trains with UFC champions, Adesanya, Alexander
Organ Trafficking: Ekweremadu bags 10 years in UK prison
SAINT OBI: Between his marriage and his death
-
Opinions2 days agoNigeria’s Democracy Under Siege: Opposition Faces Existential Threats
-
News2 days agoNBA declares “Odogwu Lawyer” missing
-
International3 days agoColombia and Mexico hit back at the U.S over Venezuela’s Maduro overthrow
-
News1 day ago141 million Nigerian households to live in poverty this year – Report
-
News3 days ago2026 WAEC, NECO: FG introduces new measures to eliminate malpractices See the measures
-
Sports16 hours agoFenerbahçe wants to buy Ademola Lookman from Atlanta for €42m
-
Business2 days agoBeyond GDP, UNCTAD to launch new economic indicators for measuring countries prosperity
-
Health16 hours agoWHO Names Nigeria’s Professor Martins Emeje Co-Chair of Traditional Medicine Advisory Group