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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KADUNA CAR DEALER JAILED FOR N1.9M SCAM.[PHOTO].#PRESS RELEASE.

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The Kaduna Zonal Command of the EFCC, today, November 3, 2021 secured the conviction and sentencing of one Adam Mohammed of Rigasa Kaduna before Justice M.T.M Aliyu of Kaduna State High Court, Kaduna on one count charge bordering on criminal breach of trust.


He allegedly converted proceeds of the sale of a Mercedes Benz C200 2005 Model car to the tune One Million Nine Hundred Thousand Naira (N1, 900,000). The vehicle was given to him for sale by the complainant who, having waited endlessly for his money, petitioned the EFCC. 

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