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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POPULAR NOLLYWOOD PRODUCER 'ANDY BEST' IS DEAD. (PHOTO).

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  Popular Nollywood producer, Andy Best is dead


Nollywood producer, Ikechukwu Nnadi, popularly known as Andy Best, is reportedly dead.


Nnadi, who was said to be battling with a prolonged ailment, was confirmed dead at a private clinic in Owerri, the Imo State capital, on Tuesday.


Confirming the death of the movie producer, the convener of the Best of Nollywood awards, Mr Seun Oloketuyi, wrote in an Instagram post that Nnadi is late.


“Andy Best, a top Nollywood producer and marketer, is dead.


“He died in an Owerri hospital today,” he wrote.


Until his death, he was the Chief Executive Officer of Andy Best Production and was behind the production of famous movies, including Lion of Africa, White Poison, My Father’s Cup, and many more.


He hailed from Isiala Mbano Local Government Area of Imo State.


Meanwhile, his remains have been deposited at the Aladinma Mortuary in Owerri.

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