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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FRIENDS DONATED N20 MILLION TO SARAH MARTINS’ CHARITY, SEYI TINUBU CLARIFIES. (PHOTO).

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 Friends donated N20 million to Sarah Martins’ charity, Seyi Tinubu clarifies


Seyi Tinubu, son of President Bola Tinubu, has clarified donating N20 million to actress Sarah Martins’ Golden Heart Foundation, stating it was some of his friends volition to do so.

In a statement on his Instagram story, Tinubu stated that he did not make the donation but was informed that some of his friends had raised funds to support Martins’ charity work.

He wrote: “I have been informed that some friends of mine, moved by compassion, raised funds to support a young woman who had an encounter with the law over an environmental violation.

“Their intention, I believe, was to help her secure a proper space to run her business, not to undermine the law. I appreciate their kindness and concern.

“That said, I must emphasise that while their hearts were in the right place, I do not support any act that violates the laws of Lagos State”.

Tinubu emphasised that while he appreciates the kindness and concern shown by his friends, he does not support any act that violates the laws of Lagos State.

“Lagos thrives on order, and Nigeria’s strength depends on our collective respect for both our law and order, empathy and patriotism must always go together,” he stated.

The controversy began when Sarah Martins announced on social media that she had received a N20 million donation from Seyi Tinubu to support her charity work.

She alleged officials disrupted her outreach, seized equipment, and left her with minor burns from hot oil during the altercation.

However, the Lagos State Government has since defended the actions of its officials, maintaining that Martins engaged in unauthorised street cooking on a public road median, a violation of environmental and safety regulations.

Commissioner for Environment and Water Resources, Tokunbo Wahab, stated that while the State appreciates charitable initiatives, such activities must comply with the law to avoid obstructing traffic or endangering lives.

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