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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CCT CHAIR ABUSED HIS OFFICE FALANA DENIES ALLEGED N10M. (PHOTO).

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 CCT chair abused his office Falana denies alleged N10m


HUMAN rights lawyer, Mr. Femi Falana, on Saturday night, called on underfire chairman of the Code of Conduct Tribunal, Danladi Umar, to resign from office.


The senior advocate said Umar’s voluntary exit from the job was long overdue.


In a short statement made to Sunday Tribune, the rights lawyer also noted an unpleasant history with the embattled quasi-judicial officer, recalling instances he had allegedly abused his office.


He said: “Having grossly abused his office, Justice Danladi Umar ought to have resigned his appointment.


“He was once charged with corruption by the Economic Financial Crimes Commission (EFCC).


“He sent text messages threatening to eliminate me. I requested the police to conduct a discreet investigation. The police conducted the allegation and confirmed it.


“While the investigation was in progress, he went to a market in Wuse to fight.”


“Two bar leaders reported him to the Legal Practitioners  Commission.


“The Senate did not remove him but voted to recommend his removal on account of gross misconduct. The action of the Senate was in strict compliance with the provisions of the Convention,” he argued.

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