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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‎IF GOVT CAN NEGOTIATE WITH BANDITS, THEN THEY CAN RESOLVE NNAMDI KANU'S CASE POLITICALLY-FEMI FALANA (SAN). (PHOTO).

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 ‎If Govt Can Negotiate With Bandits, Then They Can Resolve Nnamdi Kanu's Case Politically-Femi Falana (SAN)

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‎Renowned lawyer and Senior Advocate of Nigeria, Chief Femi Falana has described the trial of Indigenous People of Biafra (IPOB) leader Mazi Nnamdi Kanu as a political issue that should be resolved outside the courtroom.

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‎Speaking during a visit to Governor Alex Otti’s country home in Umuehim Nvosi, Abia State, Falana emphasized that there is no reason why Kanu’s case cannot be settled through political dialogue.

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‎The lagos based lawyer, declined to comment on the ongoing court proceedings but reiterated his belief that the matter transcends legal boundaries

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‎He highlights that governments holding talks with armed groups or criminal organizations while refusing to handle Kanu's case politically is irrational. It seems to him that negotiations of this sort set a precedent for resolving Kanu’s situation through talk arbitration but not court litigation.

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‎”I cannot comment on pending proceedings. You understand me? Like you said, the case was on Wednesday but I believe that it is a matter that should be sorted out outside the courtroom," 

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‎"For me, it’s a political case. And if you have a situation where some governments are negotiating with bandits or other criminal elements, there can be no basis for not having that matter resolved politically," 

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‎Falana's remarks illustrate the dilemma that the IPOB issue presents and also applicable political solutions to designs for dealing with it.

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‎His arguments are in favour of dialogue and negotiation on how best to bring about a final settlement between his native Yoruba people and Boko Haram, rather than relying solely upon the law courts.

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