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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MAZI AFAM OSIGWE EMERGES NBA PRESIDENT.(PHOTO).

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  Mazi Afam Osigwe Emerges NBA President


A Senior Advocate of Nigeria, Mazi Afam Osigwe, has emerged as the president-elect in the 2024 Nigerian Bar Association (NBA) election.


The 2024 NBA election was held online.


The Voting began at 12am on Saturday and ended at 11.59pm with the live results for all positions presented at https://go.ecnba.org/results/


As of 12am on Sunday, Osigwe secured 20,395 votes, defeating his closest rival, Chairman of the NBA-Institute of Continuing Legal Education Governing Council, Tobenna Erojikwe, who garnered 10,970 votes while former NBA Lagos Branch Chairman, Chukwuka Ikwuazom (SAN), got 9,007 votes.


Osigwe is set to succeed the outgoing president, Yakubu Maikyau (SAN).

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