OKPOKO BUILDING COLLAPSE: ANAMBRA COMMISSIONER CONDEMNS ILLEGAL STRUCTURE, ORDERS DEMOLITION. (PHOTO). #PRESS RELEASE

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 Okpoko Building Collapse: Ojukwu Condemns Illegal Structure, Orders Demolition ‎ ‎By Chukwuka Ugokwe ‎ ‎The Anambra State Commissioner for Physical Planning and Urban Development, Bar. Chijioke Ojukwu, has on Oct 8, described the collapse of a three-storey building under construction in Okpoko, Ogbaru Local Government Area, as unfortunate. ‎ ‎The incident, which occurred in the Anata Anaba area of the town, claimed the lives of a middle-aged woman and her 14-year-old daughter, amid allegations that warnings about the safety of the building had been ignored. ‎ ‎The victims, identified as Happiness Ugoagu and her daughter, Chikaima, were reportedly asleep in their bedroom when the building collapsed onto their residence. ‎ ‎Ojukwu, who visited the scene alongside officials of the ministry, alleged that substandard materials had been used in the construction. He also disclosed that a stop-work notice had previously been served on the building. ‎ ‎Describing the structure as illegal, ...
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NMDPRA EXPLAINS WHY THE AUTHORITY CANNOT FIX PETROL PRICES IN NIGERIA. (PHOTO). #PRESS RELEASE.

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NMDPRA explains why the Authority cannot fix petrol prices in Nigeria


THE AUTHORITY

 PRESS STATEMENT NMDPRA DOES NOT FIX PETROL PUMP PRICE UNDER THE PETROLEUM INDUSTRY ACT (PIA)

   The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) acknowledges the deep financial strain and difficulties many Nigerians are experiencing following the recent rise in Premium Motor Spirit (PMS) pump prices. We are fully sensitive to the pressure this places on households, transport workers, and businesses across the country, and we share in the commitment to seeing relief take root as market conditions stabilise. To provide clarity on the statutory framework governing our operations and the active steps being taken to protect consumers, the Authority states as follows: 1. Statutory Market Framework Pursuant to the Petroleum Industry Act (PIA) 2021: Section 205(1) provides that wholesale and retail prices of petroleum products shall be based on unrestricted free market pricing conditions. The Authority does not fix pump prices or issue administraive price templates. Section 205(2)-(4) restricts government intervention in pricing strictly to exceptional circumstances where there is formal evidence of declared market failure. No such market failure has been declared. Section 216 empowers the Authority to prevent anti-competitive practices, price-fixing, and the abuse of market dominance. 2. Inter-Agency Enforcement and Border Surveillance To address supply stability and curb illegal cross-border product diversion: The Authority is conducting a joint security effort with the Nigeria Customs Service and other relevant security agencies to intensify surveillance along border corridors and prevent product smuggling. 3. Consumer Protection and Market Monitoring Deregulation does not exempt operators from regulatory compliance or fair trade standards.

 FCCPC Collaboraion: Under our formal Memorandum of Understanding (MoU) with the Federal Competition and Consumer Protection Commission (FCCPC), both agencies maintain rigorous joint surveillance to monitor against price-gouging, collusion, under-dispensing, and compromised product quality. Public Reporting Channels: The Authority is opening dedicated feedback and reporting channels to enable members of the public and industry stakeholders to report irregular pricing or exploitative trade practices directly for immediate regulatory investigation and enforcement. The NMDPRA remains steadfast in fulfilling its statutory mandate to ensure energy security, foster fair competition, and protect consumers within the PIA's legal framework. 

Signed: Management Nigerian Midstream and Downstream Petroleum Regulatory Authority

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