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...

POLICE ARREST ALLEGED KIDNAP KINGPIN IN RIVERS STATE. (PHOTO).


 Police Arrest Alleged Kidnap Kingpin in Rivers

The Rivers State Police Command has apprehended 30-year-old Nwile Bete, a suspected kidnap leader, during an operation in Port Harcourt. The operation also resulted in the rescue of a 10-year-old boy who had been kidnapped by Bete.


Police spokesperson, SP Grace Iringe-Koko, confirmed the arrest in a statement issued on Friday. Bete allegedly abducted the boy on November 25 and demanded a ransom of N5 million for his release. The boy's mother reported the abduction, prompting the police's Anti-Kidnapping Unit to take action.


Based on credible intelligence, officers tracked Bete to Rumuekeni School Road in Port Harcourt, where he was arrested. After his capture, Bete confessed to the crime and led police to Sogho village in the Khana area, where the boy was found unharmed and reunited with his family.


Iringe-Koko confirmed that investigations are underway to locate Bete’s accomplices, who remain at large. The suspect will face charges in court once the investigation is complete.


This arrest marks a significant step in the police’s efforts to combat crime in Rivers State.

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