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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7 OUT OF 12 HIGH COURT JUDGES IN GHANA,WERE SUSPENDED.#BRIBERY.

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                  Yesterday monday,Ghana's government suspended seven out of 12 high court judges for allegations of bribery stemming from a documentary made by an investigative journalist.The decision is part of a response to a three hour film first screened in the capital last month that has caused an uproar in the West African country because it showed judges accepting bribe money through intermediaries.The documentary put Chief Justice Georgina Wood and other judicial leaders under pressure to show a forceful public response.From a statement from the Judicial Service announcing a decision by Vice President Kwesi Amissah Arthur based on advice from the Judicial Council,saying ''Their suspension follows the establishment of a prima facie case of stated misbehavior against them by the Hon.Lady Chief Justice {wood}''.The council previously suspended 22 junior judges who appeared in the video and investigated the conduct of high court judges to see if there is a case for their impeachment.Some of the judges have denied wrong doing and have filed a challenge in court,saying their suspension had no legal basis because documents relating to the video that were submitted by the journalist were not made available to them.

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