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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EFCC ARRAIGNS TWO FOR N12. 9M FRAUD IN MAIDUGURI. (PHOTOS). #PRESS RELEASE.

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 EFCC Arraigns Two for N12.9m Fraud in Maiduguri


The Maiduguri Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Monday, May 13, 2024, arraigned Babakura Muhammad Nur and Kaltum Mustapha for criminal misappropriation to the tune of N12,950,000( Twelve Million, Nine Hundred and Fifty Thousand Naira only)

The duos were arraigned separately before Justice Aisha Kumaliya of the Borno State High Court on one -count charge for criminal misappropriation and cheating.


The count against Nur reads: “That you Baba Kura Muhammad Nur, on or about September, 2021 in Maiduguri, Borno State within the jurisdiction of this Honourable Court dishonestly misappropriated and converted for your own use the sum of N11, 600,000.00 (Eleven Million, Six Hundred Thousand Naira) being payment for foodstuffs belonging to Alhaji Usman Mohammed and you thereby committed an offence contrary to and punishable under Sections 308 and 309 of the Penal Code Laws Borno State (Cap 102Vol. 3 of 1994)respectively.”

 

While the charge against Mustapha reads: “That you Kaltum Mustapha, sometime in June, 2022 at Maiduguri, within the jurisdiction of this Honourable  Court, dishonestly induced the duos of Muhammad Lawan Sani Abubakar Umar and Yusuf Jafar to deliver to you the sum  of N1,350,000.00 ) only for the supply of ready to use Threropeutic RUTH (a.k.a Tammua packages)which you are yet to pay and thereby committed an offence contrary to Section 320(a) and punishable under Section 322 of the penal Code cap 102 Laws of Borno State.”


The defendants pleaded “not guilty” to their separate charges when they were read to them.


Counsel for the prosecution,  Mukhtar Ali Ahmad, S.O Saka and A.D Aliyu prayed the court for trial dates and to remand the defendants in prison custody.


While Counsel to the defendant M. Abubakar applied orally for the bail of his client. Justice Kumaliya thereafter admitted Mustapha to bail in the sum of N2million and two sureties in  like sum. The Judge ordered that one of the sureties must be her husband and the other a staff of Borno State Civil Service not below level 10

Justice Kumaliya adjourned the matters till May 27, 28 & 29, 2024 for commencement of trial and remanded Nur in the Correctional Centre.


More photos below. 



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