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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POLICE CONFIRM ABDUCTION OF KEBBI DEPUTY SPEAKER, BEGIN RESCUE OPERATION. (PHOTO).

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 Police confirm abduction of Kebbi deputy speaker, begin rescue operation


The Kebbi State Police Command has confirmed the abduction of the Deputy Speaker of the state House of Assembly, Alhaji Muhammad Sama’ila-Bagudo, by suspected bandits in Bagudo Local Government Area of the state.


The state Police Public Relations Officer, CSP Nafi’u Abubakar, made the disclosure in a statement issued in Birnin Kebbi on Saturday.


Abubakar said the incident occurred on Friday night at about 8:20 p.m., when a gang of armed men stormed Bagudo town and kidnapped the lawmaker shortly after observing Isha’i prayer on his way home.


PUNCH Online had reported late Friday that the Chief Press Secretary to the Governor, Ahmed Idris, said he had just received the information when contacted by our correspondent.


The police spokesman said that the command had since deployed a combined team of police tactical unit, military personnel and vigilantes to track down the abductors and ensure safe rescue of the deputy speaker.


“The joint team is currently combing the bandits’ routes and nearby forests with a view to rescuing the lawmaker unhurt and arresting the perpetrators of the dastardly act,” Abubakar said.


He added that the Commissioner of Police in the state, Mr Bello Sani, had reiterated the command’s determination to protect the lives and property of residents across the state.


“The CP has also appealed to members of the public to remain vigilant and continue to support the police and other security agencies to ensure peace and stability in the state,” the PPRO pleaded.


PUNCH Online reports that the abductors had yet to announce their demands, while the state government had not issued any formal statement on the incident or its latest developments.


(NAN)

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