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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JOB SCAMMER BAGS TEN YEARS.{PHOTO}.#PRESS RELEASE.

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     The Economic and Financial Crimes Commission, EFCC, Sokoto Zonal Office, on Tuesday, March 31, 2020 secured the conviction of one Freedom Inah, before Justice M.S. Sifawa, Chief Judge of the Sokoto State High Court sitting in Sokoto, on a one-count charge bordering on Cheating to the tune of N1,830,250 (One Million Eight Hundred and Thirty Thousand, Two Hundred and Fifty Naira). .
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The count one reads: "That you, Freedom Sampson Inah, while acting as travel agent of Gulf Centre International Travel and Tourism, United Arab Emirate (UAE) and Top Valley Speciality Hospital UAE and Nwabueze Uzochukwu Joseph, Peter Ike (now at large), sometime in 2019 at Sokoto within the judicial division of the High Court of Justice of Sokoto State, dishonestly induced one Ahmed Jelani to pay the total sum of N1,435,250.00 (One Million Four Hundred and Thirty-five Thousand, Two Hundred Naira) into three different accounts including the sum of N395,000 (Three Hundred and Ninety-five Thousand Naira) into your Access Bank account number by deceiving him with an offer of appointment with Top Valley Speciality Hospital, United Arab Emirate and thereby committed an offence contrary to Section 310 of the Sokoto State Penal Code Law 2019 and punishable under Section 311 of the same Law.".
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