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...

COURT FREES JOURNALIST AFTER SPENDING 179DAYS IN PRISON. (PHOTO).


Court Frees Journalist After Spending 179days In Prison

Court Dismisses Terrorism, Treasonable Felony Charges Against Nigerian Journalist, Agba Jalingo

AFederal High Court sitting in Calabar has discharged Nigerian journalist and activist, Agba Jalingo in a criminal suit that alleged he committed acts of terrorism, treasonable felony and cybercrimes.
 
This followed the decision of the Cross River State Government to withdraw the charges it filed against him.

The state had taken over the prosecution from the Nigerian government in February 2020 when he was admitted to bail after spending 179 days in incarceration.

 

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