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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JUDGE WARNS KANU’S LAWYER OVER SOCIAL MEDIA POSTS AS FG OPPOSES LIVE STREAMING. (PHOTO).

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 Judge Warns Kanu’s Lawyer Over Social Media Posts as FG Opposes Live Streaming


A Federal High Court judge has rebuked Nnamdi Kanu’s lawyer, Aloy Ejimakor, for unprofessional social media posts and warned it could lead to disbarment.


The Federal Government, represented by Adegboyega Awomolo (SAN), also opposed calls for live streaming of the trial. Lead counsel Kanu Agabi (SAN) apologized for Ejimakor’s conduct.


The trial resumed with DSS operatives testifying under cross-examination.

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