NNPCL Lacks Power To Fix Fuel Prices In Nigeria – Falana …C0NTINUE READING HERE >>>
Senior Advocate of Nigeria (SAN), Femi Falana, has said Nigerian National Petroleum Company Limited (NNPCL)’s action to fix imported and locally refined fuel prices is illegal and void.
Henzodaily reports that Falana, in a statement on Thursday, referred to remarks made on September 5, 2024, by the Executive Vice President of Downstream NNPC Ltd, Adedapo Segun, who explained that under Section 205 of the Petroleum Industry Act (PIA), NNPC Limited is established to operate in a deregulated market where free market forces determine petroleum prices.
Segun had said, “The market has…
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