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 REMANDS 2 MEN FOR ALLEGEDLY STEALING SAND IN BENUE.(PHOTO).

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COURT REMANDS 2 MEN FOR ALLEGEDLY STEALING SAND IN BENUE




A Makurdi Chief Magistrates’ Court, on Wednesday, ordered the remand of Ibrahim Mohammed and Adamu Mohammed at the Nigeria Correctional Service Centre, Makurdi for alleged conspiracy and stealing of sand worth N6 million.


The men, who lived at Wadata in Makurdi, were charged with criminal conspiracy, criminal trespass, mischief and theft.


When the case was read, the duo pleaded guilty to the charges against them.


However, the Chief Magistrate, Mr Kelvin Mbanongun, reserved judgment until February 6.


Earlier, the Prosecution Counsel, Insp. Jonah Uletu, told the court that the defendants were arrested and brought to the station on January 13 in their white Hi-Jet mini truck, with registration number BKB 969 AA, by one Prof. Nina Waapela of Benue State University.


Uletu said that Waapela stated at the police station that the defendants, with one other man now at large, had trespassed into her 300 by 100 feet land, situated at Yaikyo Village, Makurdi many times and excavated sand worth N6 million.


He also said that the complainant stated that the defendants had sold the sand to buyers without her consent.


He pointed out that luck, however, ran out on them on January 13, and they were caught in the act, but the third person escaped into the bush.


He further said that the complainant stated that the invasion of her land by the defendants had caused serious gully erosion to the land.


Uletu said that the offences contravened sections 97, 353, 329, and 288 of the penal code laws of Benue, 2004.

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