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...

SCARFACE MANSION IN MIAMI LISTED FOR $237 MILLION, POTENTIALLY AMONG MOST EXPENSIVE HOMES EVER SOLD. (PHOTO).



 Scarface mansion in Miami listed for $237 million, potentially among most expensive homes ever sold


The iconic mansion featured in the 1983 film Scarface has hit the market with an eye-watering asking price of $237 million, potentially making it one of the most expensive residential properties ever listed if it sells near that figure.

The 13,000-square-foot estate is located on Key Biscayne, an island just off the coast of Miami connected by a causeway. Despite its name, it is not part of the Florida Keys. The listing is being handled by luxury real estate agents with Coldwell Banker Realty’s Jills Zeder Group.

In the film, the property served as the home of fictional Miami drug lord Frank Lopez, played by Robert Loggia, who takes Tony Montana under his wing before being betrayed. The mansion is also where Montana meets Elvira, played by Michelle Pfeiffer, marking one of the film’s most memorable settings.

The estate is known for its extravagant design, including a glass elevator and a distinctive piano-shaped swimming pool, set across 2.38 acres of waterfront land. These features remain intact today, adding to its appeal for ultra-high-end buyers.

The current owner, United Capital Markets CEO John Devaney, has occasionally showcased the property on social media, including posting about the glass elevator and hosting tours of the home. The estate has also drawn public attention through visits from online streamers and influencers.

While often associated with Scarface, Tony Montana’s final mansion in the film was actually a separate estate located in Southern California. That property was last listed for sale in 2022 at a significantly lower price point compared to the Key Biscayne estate.

Beyond its Hollywood fame, the property also carries historical significance. It once served as a winter residence for President Richard Nixon during his time in office. Records indicate the federal government funded the construction of a helicopter landing pad on the property in the early 1970s, which has since been transformed into a private marina.

The listing places the estate among the most expensive homes ever marketed, underscoring both its cinematic legacy and its status as one of South Florida’s most recognizable luxury properties.


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