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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ABUSE OF NAIRA: KANO ZONAL COMMAND SECURES 31 CONVICTIONS. (PHOTO). #PRESS RELEASE.

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 Abuse of the Naira:  Kano Zonal Command Secures 31 Convictions


In an unprecedented display of regulatory enforcement, the Kano Zonal Directorate of the Economic and Financial Crimes Commission (EFCC)  has secured 31 convictions of individuals involved  in

illegal currency trading and the abuse of the Naira


Between March and May 2024, the Special Task Force  instituted by the Executive Chairman of the EFCC,  Mr. Ola Olukoyede cracked  illegal dealing and mishandling of Nigeria's currency and got 31 offenders jailed.

 

The convicts includes; Munkaila Sani, Mohammed Sani, Muhammad 

Tijjani, Abubakar Yakubu Garba,Umar 

Mohammed, Sadiq Ahmad, Amiru

Ibrahim, Usman Mahmoud Aminu, Auwal Sharubutu, Abubakar Usman, 

Salisu Idris, Zarahdeen Sale, Yahaya Isa, Michael Oladipupo, Rose Mabe Akogu, Salako Gboyega, Muktari Haruna, Ibor Ibn Mohd, Onuche Attai, Ibitoye Olanrewaju, Matthew James, 

Isah Ahmad, Abdullahi Isah Musa, Sagir Musa, Murtala Gambo, Abdulrahman Hassan, Nazifi Musa Isah, Usman Muhd Muhd, Najeeb Abalan, dickson Egbuka And Habib Abba.  

 

The convicts were arrested at various locations in Kano such as Wapa BDC Market, Grand Central Hotel and Lagos Street adjacent to Central Bank of Nigeria. 

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