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...

A 53 YEAR OLD WOMAN, MADAM MARIA, AND HER 28 YEAR OLD SON, ADEWALE, HAVE BEEN ARRESTED IN ILLE OLUJI OKEIGBO LOCAL GOVERNMENT AREA OF ONDO STATE FOR ATTEMPTED MONEY RITUAL.(PHOTO).


A 53 year old woman, Madam Maria, and her 28 year old son, Adewale, have been arrested in Ille Oluji Okeigbo Local Government Area of Ondo State for attempted money ritual.


According to reports, the mother and son planned to use an unsuspecting neighbour’s 10 year old son for the ritual.


They were said to be on their way to meet a herbalist with the innocent boy when the police intercepted them, following a tip off from concerned residents.


The child was rescued safely, while the suspects were taken into custody for further investigation.


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