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...

COURT AWAITS APPEAL COURT’S DECISION ON EFCC’S WITNESSES. (PHOTO). #PRESS RELEASE


 Court Awaits Appeal Court’s Decision on EFCC’s Witnesses


Justice Hamza  Muazu of the Federal Capital Territory,  FCT,  High Court  Thursday,  November 27, 2025  ruled that  the decision of the Court of Appeal about three witnesses   in the ongoing trial of a former Governor of the Central Bank of Nigeria,  CBN,  Godwin Emefiele should be awaited before being allowed to testify against the former governor.


Emefiele is facing a 20-count amended charge filed by the Office of the Attorney-General of the Federation (OAGF), including allegations of abuse of office, criminal breach of trust, corruption, and fraud.


At Thursday’s proceedings,  prosecuting counsel, Rotimi Oyedepo (SAN), sought to call three subpoenaed witnesses. However, Justice Muazu ruled that the prosecution should rather await the decision of the appellate court to determine the witness’s eligibility.


The judge noted that their names were part of the additional proof of evidence that his court struck out on March 20, a ruling which the prosecution has since appealed at the Court of Appeal.


 According to the judge, “the ruling of March 20 is now the subject of an appeal. This court cannot change its own decision by allowing these subpoenaed witnesses to testify. The prosecution must wait for the decision of the Court of Appeal,”  


The case was adjourned to January 29, 2026, for continuation of the hearing.

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