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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THE STUDENTSHIP OF THE SUSPENDED S.U.G. PRESIDENT OF ILARO POLY,HAS BEEN RESTORED.{PHOTO}.

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     The Federal Polytechnic, Ilaro, Ogun State, has restored the studentship status of the suspended Students Union Government President, Com. Olatunji Adegboye.
Adegboye, a Higher National Diploma Banking and Finance Student was suspended by the Polytechnic after he was arrested by the Ogun State Police Command in February this year in connection with cult related activity.
But the Polytechnic on Thursday elected to lift the suspension slammed on him following intervention by Governor Dapo Abiodun through series of meetings coordinated by the Secretary to the State Government (SSG), Mr. Tokunbo Talabi.
A letter dated July 2, 2020 and signed the Polytechnic’s Registral, Osore, A.F (Mrs.) which was addressed to Adegboye, conveyed his reinstatement.
However, the institution also required to obtain letter of certification from guarantors – that is the Ogun State government and the Department of State Services (Ogun State), attesting that he would maintain law and order for the period of his studentship in the institution and community.
The letter reads: “Based on the intervention of the Ogun State government on the matter through: a meeting coordinated by the Secretary to the State Government (SSG) and having in attendance, the Advisers to the Governor on Security, Labour, Students Matters, representative of the Department of State Services (DSS) in the State, National Association of Nigerian Students (NANS), Executives(Ogun State), Rector, The Federal Polytechnic, Ilaro (FPI) and Deputy Registrar (Rectory), FPI; and
“A follow up letter dated 30th June, 2020 and signed by the Secretary to the State Government, Mr. Tokunbo Talabi wherein it was directed that the status quo be maintained pending the outcome of the court case of cultism instituted against you.

“Accordingly, the Academic Board at its meeting held on Thursday, July, 2, 2020, taking into consideration the intervention of Ogun State government resolved to restore your studentship with the following conditions:.
'' The letter is expected to be followed to the Registrar through your Head of Department.It is hoped you will expedite action on the conditions above,so that you can be reintegrated into the system to benefit from the online curriculum delivery in respect of the second semester 2019/2020 academic session.Thank you''.
JUST IN: Fed Poly Ilaro reinstates suspended SUG president

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