ATIKU MUST EXPLAIN THE LEGAL AND FISCAL BASIS OF HIS PETROL SUBSIDY PROPOSAL. (PHOTO). #PRESS RELEASE.

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 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...
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2 PEOPLE ARRESTED BY THE NIGERIAN POLICE FOR INTERNET AUCTION FRAUD.

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                     According to the information that was posted on the Nigerian police website,they wrote that ''On the 06/11/2014,police operatives arrested one Ada Eze,a female,aged 44 years and one Chukwumaeme Israel a male age 20 years from Ozobulu in Ekwisigo LGA.Both of them posed as Deputy Superintendent of Police and Commissioner of Police and defrauded a male victim of the sum of Two Hundred and Forty five thousand Naira {N245,000:00} after promising to sell auctioned vehicles to him''.These sad incident happened in Anambra state and the State CID in Awka is still investigating the case.This is a clear warning to all these people that paste auction sales on facebook that don't really exist with the intention to defraud people and run away with their money,you will surely go to jail if caught.One more picture below.                    

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