Tuesday, March 19, 2013

Naija Events: Nigerian Federal High Court Rules Deregulation of Petroleum Products As Illegal!


Nigeria’s Federal High Court Today declared that the policy of deregulation is unconstitutional, illegal, null and void. The court ordered Nigeria’s Federal Government to fix and make public by publishing regularly the prices of petroleum products. #gbam!

The defendants of the case, their agents, and collaborators were ordered to desist from deregulating the downstream sector of the petroleum industry, and also from failing to fix the prices of petroleum products as mandatorily required by the Petroleum Act and the Price Control Act.

Mr. Bamidele Aturu thanked the Court for its judgment, but also advised Nigerian to watch out and be alert and challenge all increase of petroleum products.


So all dem users of social network stretch thou thine antennae to implicate all them wicked petroleum product sellers. Hehehe!

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