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...

A UNILAG LECTURER MR ARTHUR JOSEPH,WAS DETAINED RECENTLY FOR FIGHTING PUBLICLY WITH A LADY IN SOMOLU.

               47 year old Mr Arthur Avwokeni Joseph,a lecturer with the University of Lagos,was recently detained at Alade Police Station,Somolu,Lagos state Nigeria,after he allegedly fought a lady at a petrol station and tore her clothes.The lecturer works at the Business Administration Department of the University,went to a filling station along Fola Agoro Road,Somolu to buy fuel when there was an altercation between him and a28 year old lady Adeparusi Yetunde over who should buy the product first.Joseph was alleged to have alighted from his car and told Yetunde that if she were one of his students,he would have dealt with her.After the threat and further exchange of words between them,Joseph allegedly slapped Yetunde and in the ensuing scuffle her clothes were also torn.The lecture Joseph also seized Yetunde's cell phone while Yetunde also seized some of his books.Joseph then quickly went to Alade police station and reported the incident.When asked of the whereabouts of Yetunde,he said he did not know.He was then asked to write a statement and while writing the statement,Yetunde's phone that was with Joseph rang and when the police picked the call and asked if she was the owner,she said yes and she was asked to come to Alade Police station where it was discovered that her clothes were torn.Joseph and Yetunde were both detained after they wrote their statements but were later granted bail.

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