Tag: Politics

More than 700 people have been arrested in Britain

More than 700 people have been arrested in Britain and tens of millions of pounds have been seized after the police infiltrated a top secret communications
system used by criminal gangs.

It’s being called the biggest and most significant law-enforcement operation ever carried out in the UK. The gangs were using a device that looks like a normal mobile phone.

But each one costs up to £3,000 and they were used by high-level criminals to talk to each other.

The gangs believed nobody could listen in, but they were wrong. 📹: @bbcnews

A bill seeking to strip the president of the powers to order for forfeiture of assets of accused persons has scaled second reading in the House of Representatives..

The discretionary power previously granted to the president to order for forfeiture of assets was on Thursday, July 2, transferred to the judges of a High Court.

The bill, which was passed in plenary, yesterday, July 2, is sponsored by the Deputy Speaker, Mr Ahmed Wase and is entitled “a bill for an act to amend the currency conversion (freezing orders) act cap. C.43, Laws of the Federation of Nigeria, 2004 to give discretionary powers to the judge of a High Court, to order forfeiture of assets of affected persons and for related matters.”

Presenting the bill, the deputy speaker said, “It is noteworthy that the provision for forfeiture in our laws is geared towards ensuring that persons found guilty of offenses do not benefit from the proceeds of those offences.”

The Nigeria Federal Government Has Increased Fuel Price From N140.80 To N143.80.

The Petroleum Products Pricing Regulatory Agency has announced a new price band of N140.80 to N143.80 per litre for Premium Motor Spirit, also known as petrol.

Sources at the Abuja headquarters of the agency said the rise in petrol price was primarily due to the increase in global crude oil prices.

A circular released on Wednesday July 1, from the PPPRA to marketers reads;

“After a review of the prevailing market fundamentals in the month of June and considering marketers’ realistic operating costs, as much as practicable, we wish to advise a new PMS pump price band of N140.80-N143.80 per litre for the month of July 2020.

All marketers are advised to operate within the indicative prices as advised by the PPPRA.”

The federal government, in March, announced that the retail price of petrol would be adjusted monthly to reflect realities in the global crude oil market. On May 31, 2020, the PPPRA announced a price band of N121.50 to N123.50 per litre for the product.