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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COURT JAILS 3 OVER N12.5 MILLION FRAUD YESTERDAY IN EDO STATE.{PHOTOS}.#PRESS RELEASE.

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       The Economic and Financial Crimes Commission, EFCC, yesterday, December 13, 2018 secured three convictions at the Federal High Court sitting in Benin City, Edo State. One of those convicted is Oluwalusi Kikelomo . She was arraigned before Justice M. G. Umar on a one count charge of stealing and obtaining by false pretence.
Upon her arraignment, Mrs. Oluwalusi pleaded guilty to the charge. And based on a plea bargain arrangement between the prosecution counsel and the defence counsel she was convicted and sentenced to six months imprisonment. All assets recovered from her as proceeds of crime are to be forfeited to the victim.
The charge against her reads: “That you, Oluwalusi Kikelomo, while being a branch Manager in O- FAGE Enterprise Nigeria Ltd, between February 2017 and October 2018 in Ado Ekiti, Ekiti State within the jurisdiction of this honourable court, did fraudulently convert to your own use the aggregate sum of N12, 268, 200 (Twelve Million, Two Hundred and Sixty Eight Thousand and Two Hundred Naira) only being proceeds from some sale of goods belonging to your employer and thereby committed an offence punishable under Section 390 of the Criminal Code Act CAP C38 Laws of the Federation of Nigeria 2004”.
In the same vein, Justice Umar also convicted and sentenced one Ezean Chukwuebukai Lawrence to two months imprisonment for fraudulently obtaining the sum of N168,000.00 (One Hundred and Sixty Eight Thousand Naira) from the bank account of one Okosun Christiana. The defendant, upon arraignment pleaded guilty to the charge. He was sentenced to two months imprisonment and he is to make restitution to the victim.
Also convicted by Justice Umar is Magbo Chukwujekwu Hillary, who was sentenced to two months imprisonment for fraudulently obtaining the sum of N160,000 (One Hundred and Sixty Thousand Naira ) from the bank account of one Okosun Christiana. The court also ordered that all assets recovered from the defendant as proceeds of crime be forfeited to the victim through the Federal Government of Nigeria.More photos below.
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Comments

  1. YeyeOlomoPlenty Oluwatoryin Darlingon14 December 2018 at 09:20

    Lord have mercy!!!. All these huge Amounts in their possession as young as they look....

    ReplyDelete

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