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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BOMB EXPLOSION IN PORT HARCOURT. (PHOTO). #PRESS RELEASE.

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 POLICE PRESS RELEASE


 BOMB EXPLOSION IN PORT HARCOURT


The Rivers State Police Command has been alerted to two explosions that rocked the city of Port Harcourt today, Saturday, October 5, 2024.


The first explosion was reported at the APC Secretariat on Aba Road at approximately 3:00 AM. A security guard reported hearing a loud bang and, upon investigation, observed three black Toyota Hilux vans speeding away from the scene. The explosion caused significant damage, destroying the gate and shattering the windows of the building. Additionally, the security building was set ablaze.


The second explosion occurred at the Obio/Akpor Council secretariat around 3:30 AM. Eyewitnesses reported seeing a black Toyota Hilux van and a white Toyota Sienna minivan drive past the secretariat. The occupants of these vehicles allegedly threw an object, suspected to be a stick of dynamite, which shattered the roof and caused damage to the generator house of the complex.


In response to these incidents, the Explosive Ordinance Disposal (EOD) and Anti-Bomb Squad have been mobilized to both locations. An improvised explosive device (IED) was recovered at the APC secretariat, and the team has identified the use of incendiary materials in the arson of the security building.


The Anti-Bomb Squad has collected samples from both scenes for forensic analysis, and investigations are ongoing to apprehend the perpetrators of these heinous acts. We urge the public to remain vigilant and report any suspicious activities to the authorities.


We assure the residents of Port Harcourt that every possible measure is being taken to enhance security and ensure the safety of our community.


*SP GRACE IRINGE-KOKO, ANIPR*

Police Public Relations Officer  

Rivers State Police Command  

October 5, 2024

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