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...

RESIDENTS FLEE ABIA COMMUNITY AFTER GUNMEN ATTACK ON MILITARY CHECKPOINT. (PHOTO).


 Residents flee Abia community after gunmen attack on military checkpoint


The Ekenobizi community in Umopara, Umuahia South LGA of Abia State has been deserted by youths following the Wednesday attack on a checkpoint of Nigerian Army by unknown gunmen.


There is fear of a reprisal attack on the community by the military, MAGIC FM gathered.


The attack claimed the lives of some soldiers and has been condemned by Governor Alex Otti who has also promised that his administration would collaborate with security agencies in arresting those responsible.


However, many youths of the community who fled the community since Wednesday, are yet to return, as they are afraid of falling victim if the military decides to retaliate.


Also, economic activities like trading and farming are at the lowest ebb.


Speaking on the matter, a former governorship aspirant of the Peoples Democratic Party (PDP) in Abia State, Lucky Igbokwe condemned the killing of the Nigerian soldiers, describing it as barbaric, heinous and wicked.


He urged the military authorities to go after those responsible for the attack but to spare the innocent members of Ekenobizi of any reprisal.


According to Igbokwe, a high level intelligence gathering and globally accepted standard should be used in getting the attackers, not invasion of the area.


Also, the President of Enyioma Foundation, Enyinnaya Duke-Ako Atuloma added his voice in condemning the killing of the soldiers, describing it as senseless and atrocious.


He, however, appealed to the military authorities to apply professionalism in the search for the real attackers and pleaded that the community should not be invaded in reprisal.

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