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...

ANAMBRA BUSINESS MAN, CHIEF GODWIN UBAKA OKEKE(GUO MOTORS) COMMENDS IGBO YOUTHS’ RESTRAINT OVER KANU SENTENCE AND PROMISE TO SUPPORT ANY LEGITIMATE EFFORTS TOWARDS THE RELEASE OF NNAMDI KANU . (PHOTO).


 Anambra Business man, Chief Godwin Ubaka Okeke(GUO Motors) commends Igbo youths’ restraint over Kanu sentence and promise to support any legitimate efforts towards the release of Nnamdi Kanu  


Chairman of GUO Group of Companies Limited, Chief Godwin Ubaka Okeke, has commended Igbo youths for their restraint following the life imprisonment sentence handed down to the leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu.


Speaking to journalists at his GRA residence in Onitsha at the weekend, Okeke praised the calm maintained since the November judgment of Justice James Omotosho of the Federal High Court, Abuja, but warned that such patience should not be mistaken for weakness.


He called on relevant authorities to urgently pursue a political solution to Kanu’s situation, urging Southeast governors, the leadership of Ohanaeze Ndigbo and other prominent stakeholders to lobby for a presidential pardon.


“I salute Igbo youths for their patience. While they remain calm, the relevant authorities should begin to consider the quickest political solution to this matter,” he said.


Okeke appealed to President Bola Ahmed Tinubu to consider the appeals of prominent groups and individuals backing a political resolution, stressing that early intervention would help ease tension in the region.


He also expressed willingness to support any legitimate efforts towards a political solution, adding that stakeholders in the transport industry were ready to assist if logistics support was required.


On the issue of multiple security checkpoints in the Southeast and complaints of extortion, Okeke said the presence of police and military checkpoints was preferable to the activities of armed bandits and kidnappers.


According to him, encountering security agencies on highways, even with occasional demands for small payments, is safer than meeting criminals who abduct, kill and demand huge ransoms.


He argued that many security personnel operate under difficult conditions and poor welfare, noting that they often risk their lives to protect commuters.


However, Okeke advised security operatives to be more civil in their approach to the public to build trust and reduce tension at roadblocks, while urging the public to better appreciate the risks faced by security agents.

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