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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VIRAL VIDEO: ARMY TO INVESTIGATE BRUTALISATION OF NIGERIAN BY SOLDIERS. (PHOTO).

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 Viral video: Army to investigate brutalisation of Nigerian by soldiers


The Acting Chief of Army Staff, Lt. General Olufemi Oluyede has ordered an investigation into the alleged Brutalization of a Nigerian following an argument between him, an officer, and two soldiers which was captured in a viral video


Director of Army Public Relations, Major General Onyema Nwachukwu made this known in a statement on Tuesday.


He said, “The attention of the Nigerian Army (NA) has been drawn to a viral audio-visual recording circulating on social media platforms, purportedly showing a senior Army officer and 2 other soldiers in an altercation with a man and woman within the Abuja metropolis.


“The circumstances leading to this incident are not clear at the moment.


“However, the Acting Chief of Army Staff, Lieutenant General Olufemi Oluyede, has ordered an immediate investigation to unravel the true circumstances surrounding this altercation.


“The NA remains committed to serving and protecting all law-abiding Nigerians as enshrined in the Constitution of the Federal Republic of Nigeria.


“Therefore, we urge the public to be rest assured that due diligence will be applied to reach a logical conclusion on this matter.”

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