ATIKU MUST EXPLAIN THE LEGAL AND FISCAL BASIS OF HIS PETROL SUBSIDY PROPOSAL. (PHOTO). #PRESS RELEASE.
APC PRESIDENTIAL CAMPAIGN COUNCIL PRESS STATEMENT ATIKU MUST EXPLAIN THE LEGAL AND FISCAL BASIS OF HIS PETROL SUBSIDY PROPOSAL At his press conference in Abuja on Friday, Alhaji Atiku Abubakar reiterated his proposed “production subsidy” for locally refined petrol, which he said would reduce pump prices. He went further to ask President Bola Tinubu to slash the cost of diesel and petrol at the pump. That proposal raises important legal, fiscal and practical questions that he must answer. Section 205(1) of the Petroleum Industry Act 2021 provides that unrestricted free-market conditions shall determine wholesale and retail prices of petroleum products. The Nigerian Midstream and Downstream Petroleum Regulatory Authority, in a statement on Saturday, explained that it neither fixes pump prices nor issues administrative price templates, except where the statutory conditions for intervention are met. The PIA provisions guide its function. At the moment, “No such market fail...
Apollo Nida,was not only charged for fraud,but also for identity theft.Apollo who often appears on his wife's reality shoe appeared before a US District court on thursday but was granted pre-trail bail.He was investigated by the Secret Service counter feit and US Treasury check squad.Apollo allegedly created fake companies,enabling him to access data bases to find individuals to rip off.He opened fake bank accounts under those real names and funneled stolen US treasury checks and auto loan proceeds into those accounts.A woman identified as Gayla St Julien,who was arrested in september last year and allegedly had $3million in multiple bank accounts tied to her.She described herself as Nida's right hand b**** in executing the legwork of his fraud schemes.She says she receives scraps compared to what Apollo was earning.Apollo had previously spent time in prison from 2004-2009 for auto title fraud.The year he was released he marrie Phaedra,who is ironically an attorney.The couple have two children together,Dylan,10months and Ayden,3.Apollo is currently on a $25,000 bond and will face a preliminary hearing February 12.
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