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...

WIFE OF EGGON YOUTH MOVEMENT WORLDWIDE, KIDNAPPED IN NASARAWA.{PHOTO}.

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     By Faith Awa Maji, Lafia
THE Wife of the President of Eggon Youth Movement (EYM) worldwide, Mrs Ruth Daniel Yaro Anyuabaga has been kidnapped Tuesday night at her residence in Lafia, Nasarawa state by suspected armed Fulani men.
Husband of the kidnapped victim, Comr. Daniel Yaro Anyuabaga said they were at home around 10pm when they saw Unknown people in the compound and started shooting sporadically at the main entrance of his house while he noted that, they gain access to the house and began to ask of him but the wife said that he is not around.
'Within 5 minutes they whisk my wife away'
The kidnappers numbering about 7 according to one of the vigilante group member who had an encounter with the kidnappers, that as soon they discovered strange movement around Youth Leader house, they swung into action which led to the gunmen shooting his car and damaged his windscreen.
Confirming the development in a telephone conversation, State Commissioner of Police, Bola Longer said four persons have been arrested while motorcycle used for the operation have also been recovered.According to the CP, those arrested include two fulani herders two indigenes .
The commissioner who gave an assurance that the kidnapped victim would be rescued and reunited with her family, called on the public especially the resident of the state to assist the police with useful information that could lead to the rescue of the house wife.
He stated that the kidnappers would not have a hiding place in Nasarawa state as the police are determined to rid the state of crimes and criminality.
The Sun news correspondent in Lafia, Faith Awa Maji said sympathizers including the CAN Chairman of Nasarawa State chapter who was kidnapped last two weeks and later released were at the house of the victim to sympathize with her family.
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