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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ABIA FORMER GOVERNOR'S PENSION: IKPEAZU, THEODORE ORJI DIDN'T PAY ME A DIME AS PENSION- SENATOR ORJI KALU. (PHOTO).

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 Abia Former Governor’s Pension: Ikpeazu, Theodore Orji didn’t pay me a dime as pension — Senator Orji Kalu


Reactions have continued to trail the bill passed by the Abia state house of Assembly, which scrapped pensions paid to Former Governors of the state and their Deputies.


Former Governor of Abia state and Senator representing Abia North senatorial district Senator Orji Uzor Kalu has debunked rumors that he was paid pension by his successors, according to Punch, one of the Senators aide said, “As a former governor of the state, T. A. Orji did not pay him (Kalu) a dime as pension and Okezie Ikpeazu continued in the same manner.”


In a similar development, another former Governor of the state, Senator T A Orji’s Liaison Officer, Ifeanyi Umere, said the ex-governor had not been receiving a pension.


“Throughout as the governor of Abia for eight years, T. A. Orji has not received any penny as pension,” he said, calling on the state Assembly to come out with any evidence available to them.


Also, immediate past Deputy Governor of the State, Rt Hon Ude Okochukwu said, “Nobody has given me a dime. I am aware of the law. For me, it (the law) is as good as not being there. If all past governors said they have not been paid anything, what is the essence of the existence of the law?”

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