NDLEA INTERCEPTS N3.4BN LOUD, OPIOIDS, ARRESTS FAKE POLICE OFFICER, MECHANIC-DRUG DEALER. (PHOTO). #PRESS RELEASE

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 NDLEA intercepts N3.4bn Loud, opioids, arrests fake police officer, mechanic-drug dealer _- Recovers over 1.3 million pills of opioids, 6,000kg skunk; nabs two teenagers with AK-47 rifles, pistol and ammunition in sweeps across Lagos, Edo, Niger, Delta, Abuja, Gombe, Imo and Ondo_  Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted over 1.3 million pills of tramadol and other opioids as well as 6,000 kilograms of potent strains of cannabis with a combined street value of more than N3,4 billion in a string of major operational breakthroughs across Lagos, Edo, Niger, Delta, Ondo, Gombe, Imo and FCT. Top on the line up of successful operations was the interception of 1,200 parcels of Canadian Loud, a synthetic strain of cannabis with a gross weight of 603.75 kilograms, valued at One Billion Eight Hundred and Eleven Million Two Hundred and Fifty Thousand Naira (N1,811,250,0 00), and the arrest of a trafficker who impersonates as a senior police office...
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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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