Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,150,704 members, 7,809,676 topics. Date: Friday, 26 April 2024 at 12:55 PM |
Nairaland Forum / Nairaland / General / Politics / Deregulation Of The Downstream Oil Sector Is Illegal - Court (8635 Views)
NLC: Buhari Now Captive Of Forces Of Subsidy Removal, Deregulation / Buruji Kasham's Arrest By NDLA Is Illegal - Court Rules / Islamic Banking Is Illegal - Court (2) (3) (4)
Deregulation Of The Downstream Oil Sector Is Illegal - Court by Tjohn1(m): 2:19pm On Mar 19, 2013 |
Court Declares Oil Sector Deregulation Illegal A Federal High Court in Abuja, Nigeria, Tuesday, declared the deregulation of the downstream of the oil sector illegal. Justice M. Bello of the Abuja Division, Court 3 of the Federal High Court gave judgment in the case of Bamidele Aturu vs Minister of Petroleum Resources and the Attorney General of the Federation today and declared the policy of deregulation as unconstitutional, illegal, null and void. The court agreed with all arguments and granted all reliefs sought by Aturu. Aturu had asked for a declaration that the policy decision of the defendants to deregulate the downstream sector of the petroleum industry by not fixing the prices at which petroleum products may be sold in Nigeria is unlawful, illegal, null, void and of no effect whatsoever being in vicious violation of the mandatory provision of section 6 of the Petroleum Act, cap P.10, Laws of the Federation of Nigeria, 2004. He also prayed the court to declare that the policy decision of the defendants to deregulate the downstream sector of the petroleum industry by not fixing the prices at which petroleum products may be sold in Nigeria is unlawful, illegal, null, void and of no effect whatsoever being in a flagrant violation of the mandatory provision of section 4 of the Price Control Act, cap P28, Laws of the Federation of Nigeria, 2004. Aturu further sought a declaration that the policy decision of the defendants to deregulate the downstream sector of the petroleum industry by not fixing the prices at which petroleum products may be sold in Nigeria is unlawful, illegal, null, void and of no effect whatsoever being in conflict with Section 16(1)(b) of the Constitution of the Federal Republic of Nigeria, 1999 which provides that the government shall control the national economy in such manner as to secure the maximum welfare, freedom and happiness of every citizen on the basis of social justice and equality of status and opportunity. He also asked the court to declare that the policy decision of the defendants, to deregulate the downstream sector of the petroleum industry by not fixing the prices at which petroleum products may be sold in Nigeria has the effect of making the freedom of movement guaranteed in section 41 of the Constitution of the Federal Republic of Nigeria, 1999 illusory for the Plaintiff and the generality of Nigerians and is therefore illegal, unconscionable and unconstitutional and of no effect whatsoever. He asked for an order restraining the defendants their agents, privies, collaborators from deregulating the downstream sector of the petroleum industry or from failing to fix the prices of petroleum products as mandatorily required by the Petroleum Act and the Price Control Act. Aturu also sought for an order directing the defendants to fix and publish regularly prices of petroleum products forthwith. http://pmnewsnigeria.com/2013/03/19/court-declares-oil-sector-deregulation-illegal/?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+PmNewsNigeria+%28PM+News+Nigeria%29 1 Like |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by Nobody: 2:40pm On Mar 19, 2013 |
I wonder how many petroleum economists were consulted prior to making this pronouncement. |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by magaliyu(f): 2:49pm On Mar 19, 2013 |
Finally the CABALS have been PARDONED. 2 Likes |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by Ngwakwe: 6:19pm On Mar 19, 2013 |
From now on, the modus operandi will look thus: Current International Price of PMS = N180 Nigerian Govt. Subsidy per litre = N80 Current Selling Price per litre = N100 (Int. Price - Subsidy) Where Subsidy is constant and International Price varies hence Selling Price will be fluctuating between + or - N100 With this System in place, Nigerians can sometimes buy PMS as low as N70 per litre 1 Like |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by slimming: 6:25pm On Mar 19, 2013 |
FG can hold us to ramsome anymore on feul |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by Nobody: 6:25pm On Mar 19, 2013 |
Ok.. 4th to comment |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by melorious4(m): 6:38pm On Mar 19, 2013 |
Its better they stop them now! |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by Htown64(m): 6:43pm On Mar 19, 2013 |
HNosegbe: I wonder how many petroleum economists were consulted prior to making this pronouncement.its not about what the economists will say but what the law states. 2 Likes |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by iamswizz(m): 6:45pm On Mar 19, 2013 |
ok. |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by Wendyslim(f): 6:46pm On Mar 19, 2013 |
Na wah oo.na dem sabi. shebi gej don say we go still pay more for fuel |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by aribitoye(m): 6:56pm On Mar 19, 2013 |
slimming: FG can hold us to ramsome anymore on feul u meant can't, right? |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by Nobody: 7:03pm On Mar 19, 2013 |
Htown64: its not about what the economists will say but what the law states. There's a reason I said what I said. Given that Nigeria does not produce enough petroleum products to meet demand, it is economic suicide to fix petrol prices in a world where oil prices and exchange rates lie outside the direct control of government. That Price Control Act needs to be scrapped. |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by Akiika: 7:04pm On Mar 19, 2013 |
Does Jonathan and his corruption-ridden Government respect the rule of law? |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by Igwe9(m): 7:05pm On Mar 19, 2013 |
duplication of sentence no allow me digest the story! 4 Likes |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by kkkp: 7:08pm On Mar 19, 2013 |
Lolzz u no hear sey Mr jona wan increase d price of fuel?? Ngwakwe: From now on, the modus operandi will |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by bigfat05: 7:15pm On Mar 19, 2013 |
[size=15pt]really doesnt matter LEGAL OR illegal ... it IS STILL ALL ABOUT CORRUPTION...[/size] |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by obi2012: 7:19pm On Mar 19, 2013 |
Why not deregulate the price, encourage people to refine locally and generate competition to drive down prices? 2 Likes |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by killuminati(m): 7:22pm On Mar 19, 2013 |
Pls does it means fuel prize will go back to N65? Abeg someone from the oil industry explain oh! 7th to comment sha! |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by babanne(m): 7:25pm On Mar 19, 2013 |
Question: are we paying more or less for petroleum prosucts? Who knows should answer. |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by adeyak83(m): 7:30pm On Mar 19, 2013 |
killuminati: Pls does it means fuel prize will go back to N65? Abeg someone from the oil industry explain oh! exactly my tought |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by Nobody: 7:39pm On Mar 19, 2013 |
elkol: Ok.. 4th to commentfool. go to CBN to collect money |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by vision2050: 7:41pm On Mar 19, 2013 |
oga at the top wan increase fuel price again........ punchng.mobi/output.php?link=http://www.punchng.com/news/jonathan-plans-hike-in-fuel-price/ |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by confusion247(m): 8:06pm On Mar 19, 2013 |
With this judgment Jonathan wins again. Federal govt will set the price at 220 naira per liter. 1 Like |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by successking: 8:09pm On Mar 19, 2013 |
FG is kin to deregulate downstream sector of the petroleum industry just to earn more money and increase her salaries and allowances at the expense of poor, battered, jobless, angry and hungry Nigerian youths. If she does not change her policies urgently, nemesis will catch up her. |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by gistme24(m): 8:13pm On Mar 19, 2013 |
Nice one MR ATURU. But who really gains from this judgment? And what stops the govt from fixing N150 per litre? I really like the fact the lawyer dug this up! Which means the constitution may not be as bad as we all think, if we can only implement it to the core. |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by Htown64(m): 8:33pm On Mar 19, 2013 |
HNosegbe:now you are talking... The cart before the horse is always the federal govt way of doing things. |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by OluEmmaAss: 8:45pm On Mar 19, 2013 |
What does this imply for the common man? |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by duality(m): 8:52pm On Mar 19, 2013 |
lots of folks here don't know the meaning of deregulation. believe me, lots of nigerians, no matter how highly place,do not know the real meaning of deregulation. go to the streets, remove "petrol" from the idea and ask them to explain what deregulation is. you'll be shocked. |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by lacasa: 8:59pm On Mar 19, 2013 |
Medicine after Death |
Re: Deregulation Of The Downstream Oil Sector Is Illegal - Court by snakova(m): 9:04pm On Mar 19, 2013 |
HNosegbe:so u think deregulation or lack of it is what is hindering development n not the criminals that want to loot till thy kingdom come? continue decieving urself. its not deregulation that squandered 65 BILLION dollars in 4 years now, abi? |
'Stop Targeting Amnesty' - Falana To Army In Nigeria / Obaseki’s Supreme Court Victory: Wait Till 2024, Idahosa Tells Edo APC / Gen Domkat Bali Speaks On GoC Jos
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 28 |