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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BURKINA FASO ISSUED AN INTERNATIONAL WARRANT AGAINST EX-EXILED LEADER BLAISE COMPAORE.

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                          It was reported today that Burkina Faso has issued an international warrant for ousted leader Blaise Compaore for his suspected role in the 1987 kiling of his former comrade,ex-president Thomas Sankara.According to a source,who spoke on condition of anonymity,told AFP that Compaore who is living in exil in the Ivory Coast,had been charged with an  ''attack'' and ''assassination''.Compaore was toppled from power by a popular uprising in October 2014 after ruling Burkina Faso with an iron fist for 27 years.Sankara,a revolutionary figure who is still a hero to many in West Africa,was killed on October 15 1987 during the coup that brough his friend and former comrade in arms Compaore to power.A police lab helping to investigate the killing of the former president yesterday monday said it had not managed to detect any of his DNA in the remains presumed to be his,according to a family lawyer.Remains believed to be those of Sankara and 12 former aides also killed during the coup were exhumed from a cementery in the capital Ouagadougou in May.At least five other people mostly former soldiers,have been charged in connection with Sankara's killing including General Gilbert Diendere,Compaore's former Chief of staff,who led a failed coup in September.

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