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 ARMED ROBBERS AT NKPOR ANAMBRA STATE,WERE SET ABLAZE BY ANGRY MOB.

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                       According to sources,angry mob lynched two suspected robbers in Anambra state,setting them ablaze in broad daylightThese two criminals have been allegedly terrorizing residents of Nkpor,robbing people at gunpoint.However,their last attempt to rob a trader turned out to be disastrous for both of them.They were on a motorcycle,trying to rob a trader carrying mint of money in his bag as he was about to make some goods procurement at the market.They both met unexpected resistance and opened fire on the trader but the bullet didn't enter {odieshi}.But the trader wasn't hurt and even managed to stab one of the attackers in the chest with his dagger.Both robbers fell off their motorcycle after being hit by an on-coming vehicle.Those who were watching the incident immediately mobilized themselves,turned to a mob,arrested the two robbers,beat them up and set them ablaze.Hassan Musa,Ogidi Divisional police officer,confirmed the incident,adding that the gun and the motorbike were found in the scene crime and were gathered as evidence for an on-going investigation.The incident happened at Tarzan Junction,on 8th of June 2015.

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