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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NNAMDI KANU LOSES FRESH BATTLE ON BAIL, REMOVAL FROM DSS CUSTODY. (PHOTO).

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 Nnamdi Kanu loses fresh battle on bail, removal from DSS custody


Justice Binta Nyako of the Federal High Court in Abuja has dismissed the request by the detained leader of the Biafra nation agitators, Nnamdi Kanu for the restoration of his revoked bail and the removal from the custody of the Department of State Services (DSS) to a house arrest or prison custody.


The Judge on Monday said that the same request had been brought before her by Kanu but was dismissed for want of merit.


In a ruling on Kanu’s request, Justice Nyako said that she found as a fact that Kanu jumped the bail earlier granted him and escaped out of the country.


The Judge also held that the sureties who stood for him in the earlier bail had applied to be discharged and had been discharged on the ground that they could not locate Kanu and did not know his whereabouts.


Justice Nyako said that the only option left for Kanu was to go to the Court of Appeal and exercise his right of appeal.


The Judge disagreed with Kanu’s lead counsel that the Supreme Court held that the earlier bail granted him ought not to have been revoked, adding that she had perused the Supreme Court judgment copy and did not see the claim of the lawyer.


As of the time of this report, Kanu is shouting at top of his voice, insisting not to stand trial before any court in Nigeria.


He is claiming that any attempt to put him on trial would amount to a breach of Nigeria’s Constitution and the international laws.

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