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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TWO NOLLYWOOD STARS KIDNAPPED. (PHOTO).

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Nollywood Stars - Cynthia Okereke and Clemson Cornel Kidnapped.

Nollywood Actress, Cynthia Okereke and Actor, Clemson Cornel has been Kidnapped.

According to a Statement by the Director of Communications - Actors Guild of Nigeria, Monalisa Chinda Coker, the two movie stars were reportedly missing after their family members confirmed they didn't come back home from a film location at Ozalla Town, Enugu State.

According to the statement, the President of the Actors Guild of Nigeria, Emeka Rollas Ejezie has instructed all Actors to avoid going to outskirts of cities to film except with full security cover in view of the sad development.

Chief Emeka Rollas also expressed shock over the ugly incidenct and urged the security agencies to speed up investigations that would lead to their safe rescue.

 

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