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...

EGYPTIANS AND ISRAEL DEFENSE FORCES EXCHANGE GUNFIRE AT RAFAH BORDER CROSSING. (PHOTO).


 

Egyptian service members and Israeli Defense Forces exchanged gunfire Monday at the Rafah border crossing along the Gaza Strip, the Times of Israel is reporting.


Other Israeli media outlets are reporting that an Egyptian soldier was killed Monday during the incident. 


The Israel Defense Forces said "a shooting incident occurred on the Egyptian border" and that the "incident is under review and discussions are being held with the Egyptians." 


The gunfight comes just hours after an Israeli airstrike on a Hamas compound in Rafah killed two top Hamas officials as well as dozens of civilians.  


While the exact number of killed remains unclear at this time, the IDF confirmed that it struck a Hamas compound in which "significant Hamas terrorists were operating." 


The IDF said it carried out the strike "against legitimate targets under international law." 


IDF sources told Fox News Digital the strike eliminated Yassin Rabia, the commander of Hamas’ leadership in Judea and Samaria, as well as Khaled Nagar, a senior official in Hamas’ Judea and Samaria wing. 


The IDF said both men had perpetrated numerous terrorist attacks in the early 2000s in which Israeli civilians and soldiers were killed. 


The IDF acknowledged reports that "several civilians in the area were harmed" from the airstrike and a subsequent fire. It said incident is "under review" as well. 


Last week, the United Nations’ top court issued an order demanding Israel "immediately halt its military offensive" against Hamas in Rafah, the Palestinian terrorist group’s final stronghold in the Gaza Strip.  


"The military ground offensive in Rafah, which Israel started on 7 May 2024, is still ongoing and has led to new evacuation orders," the International Court of Justice said in its ruling. "As a result, according to United Nations reports, nearly 800,000 people have been displaced from Rafah as of 18 May 2024."  


It added that the "immense" humanitarian risks "associated with a military offensive in Rafah have started to materialize and will intensify even further if the operation continues."  


But Israeli government spokesperson Avi Hyman, when asked about the ICJ order on Friday, declared, "No power on earth will stop Israel from protecting its citizens and going after Hamas in Gaza."  


"We will destroy Hamas, we will return peace and security to the people of Israel and to the people of Gaza," Hyman added. "We cannot go on with a genocidal terrorist regime on our southern border." 

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