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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COURT SENDS TWO FRAUDSTERS TO PRISON IN WARRI. (PHOTOS).#PRESS RELEASE.

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Court Sends Two Fraudsters to Prison in Warri


Justice Okon Abang of the Federal High Court sitting in Warri, Delta State on Tuesday, March 28, 2023, convicted and sentenced the duo of Malvis Bello and Abel Peter to prison for fraud.


Bello and Peter were arraigned by the Benin Zonal Command of the Economic and Financial Crimes Commission on separate one count charges of fraudulent impersonation and attempting to obtain by false pretence from unsuspecting victims.


Upon arraignment, the defendants pleaded guilty to the charges, prompting the prosecution counsel, I.M. Elodi to pray the court to convict and sentence them accordingly.  However, the defence counsel, A.S. Akinfolarin pleaded with the court to temper justice with mercy as the defendants were first-time offenders who have become remorseful for their actions.


Justice Abang convicted and sentenced Bello to two years imprisonment without an option of fine while Peter bagged six months imprisonment with an option of Five Hundred Thousand Naira fine.


The defendants are to forfeit their phones to the Federal Government of Nigeria and undertake in writing to be of good behaviour henceforth.

More photos below. 


 


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