ATIKU MUST EXPLAIN THE LEGAL AND FISCAL BASIS OF HIS PETROL SUBSIDY PROPOSAL. (PHOTO). #PRESS RELEASE.

Image
 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...

EFCC ARRESTS 14 SUSPECTED VOTE BUYERS IN IMO, BAYELSA, KOGI STATES+ INTERCEPTS N11,040,000. (PHOTOS).#PRESS RELEASE



EFCC Arrests 14 Suspected Vote Buyers in Imo, Bayelsa, Kogi States

 …. Intercepts N11,040,000

 

Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested 14 (Fourteen) suspected vote buyers in Otueke, Adawari playgrounds in Bayelsa State and at various polling units in Imo and Kogi States.

They were arrested on Saturday, November 11, 2023 in  intelligence-driven operations  that commenced several days before the ongoing governorship elections in the three states.


Also,  a total sum of N11,040, 000( Eleven Million, Forty Thousand Naira only) comprising N9,310,00( Nine Million, Three Hundred and Ten Thousand Naira) intercepted from suspected vote buyers and sellers in Bayelsa and N1,730, 000( One Million, Seven Hundred and Thirty Thousand Naira) intercepted from electoral fraud suspects across Imo State, were also recovered from them. 

 

Also, two vehicles were  intercepted from the suspects.

 

They will be charged to court as soon as investigations are concluded.

More photos below. 


Comments

Popular posts from this blog

MUSICIAN HARRY-SONG,REVEALS THE FACE OF THE FEMALE FAN WHO IS THREATENING TO KILL HIM.{PHOTOS}.

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

THE NEW OONI OF ILE-IFE,WILL NOT EAT THE HEART OF THE LATE OONI-PALACE CHIEFS.