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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AREWA HOUSE INDUCTS MAGU INTO PMB'S HALL OF FAME.[PHOTOS}.#PRESS RELEASE.

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     The Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Mustapha Magu, was, on Wednesday, June 3, 2020, inducted into the President Muhammadu Buhari Integrity Hall of Fame in recognition of his record of integrity, transparency and honesty in his duties.
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The induction was done by Arewa House (Centre for Documentation and Research), Ahmadu Bello University, at the Corporate Headquarters of the EFCC, Abuja.
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Director of the Centre, Dr. Shuaibu Shehu Aliyu, while justifying the choice of Magu for the honour, said that the EFCC's boss has demonstrated courage, consistence and integrity in the discharge of his duties. He also stressed that, many corrupt Nigerians, that were considered untouchable in the past, had been brought to book. "We are impressed by the courage and integrity of Magu and the record-breaking results that the EFCC has garnered since he assumed his role in 2015", he said.One more photo below.

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