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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MY FAMILY IS NOW HOMELESS- IGBO MAN WHOSE 'N300M ' HOUSE WAS DEMOLISHED IN LAGOS SPEAKS. (PHOTOS).

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My Family Is Now Homeless — Igbo Man Whose ‘N300m’ House Was Demolished In Lagos Speaks

Chimobi Ezenwa, an Igbo man whose mansion said to be worth N300 million was demolished in Lagos, says he is now homeless.

The Lagos State Government recently commenced the destruction of houses said to be in contravention of Lagos masterplan and quite interestingly, majority of these houses only belong to Igbo people.

Residents in the Abule Ado area of the state were filmed hurriedly removing their belongings after being given a 2 hours grace before demolition commences.

In a video trending on social media, one of those affected by the demolition said his house was pulled down without prior notice.

He said: “My name is Chimobi Ezenwa and I am one of the victims of the ongoing demolition here in Abule Ado, Lagos.

“This is my property, it has been demolished and there was no notice before encroaching on my property and destroying it. Even if I didn’t have an FHA (Federal Housing Authorities) allocation, if they asked me to pay for reclaiming of the land, I was ready to pay.”.
More photos below. 



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