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SERAP Calls on Tinubu to Halt Petrol Price Increase During Court Proceedings

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The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to promptly reverse the recent increase in petrol prices while a lawsuit questioning the Nigerian National Petroleum Company Limited’s (NNPCL) authority to raise fuel prices is pending before the Federal High Court in Abuja.

The latest price adjustments have seen petrol retailing for N998 per litre at NNPCL outlets in Lagos, a significant jump from the previous price of N855.

In Abuja, the price has risen to N1,030 from N897, with some stations in Lagos reportedly charging as much as N1,050.

This demand comes on the heels of SERAP’s lawsuit filed last month against President Tinubu and the NNPCL, addressing not only the failure to roll back the fuel price increase but also allegations of corruption and mismanagement within the NNPCL.

SERAP has consistently emphasized that these actions are crucial for the well-being of Nigerian citizens, especially amid the current economic challenges.

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In an open letter dated October 12, 2024, and signed by Deputy Director Kolawole Oluwadare, SERAP argued that the recent price hikes undermine the integrity of the ongoing court case, risking the possibility of justice being obstructed.

The organization highlighted that one of the fundamental tenets of the rule of law is its application to everyone, including presidents and executives of public organizations.

SERAP’s letter asserted that maintaining the purity and clarity of the judicial process is vital for public trust in the legal system.

It stressed that the recent increase in petrol prices could prejudice the case’s outcome and damage the public’s confidence in the court’s ability to deliver justice.

The letter referenced President Tinubu’s commitments since assuming office in May 2023, where he assured citizens that Nigeria would be governed in accordance with the Constitution and the rule of law.

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SERAP expressed concern that raising fuel prices while the legal case is ongoing would contradict those assurances and undermine the government’s credibility.

In conclusion, SERAP requested that immediate measures be taken to reverse the price hike and comply with their request.

The organization warned that failure to do so may lead to contempt proceedings or other legal actions aimed at ensuring compliance in the public interest.

SERAP remains committed to holding public institutions accountable and fighting for the rights of Nigerians, emphasizing the necessity of transparency and good governance.


 

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Andrew and Tristan Tate Lose Over £2 Million in Seized Funds Amid Tax Evasion Allegations

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Westminster Magistrates Court has ruled against Andrew Tate and his brother Tristan, leading to the seizure of over £2 million from their accounts due to unpaid taxes linked to their online businesses.

The funds, held in seven frozen bank accounts, were traced to the Tates and a woman identified as J. Authorities allege the brothers funneled substantial sums, including cryptocurrency, through accounts in J’s name, despite her lack of involvement in their ventures.

Chief Magistrate Paul Goldspring described the scheme as a “straightforward cheat of the revenue,” uncovering years of alleged tax evasion and money laundering. Devon and Cornwall Police revealed the brothers accrued millions between 2014 and 2022 without paying taxes or VAT.

Andrew Tate, however, criticized the ruling, claiming it is part of a “coordinated attack” to silence dissent. “This is not justice; it’s theft disguised as legal action,” Tate said in a statement.

The brothers are also facing separate criminal charges in Romania, including allegations of human trafficking and rape, and are set to be extradited to the UK.

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Akpabio Defends Tinubu’s Tax Reforms, Urges Critics to Engage Thoughtfully

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Senate President Godswill Akpabio has defended President Bola Tinubu’s tax reforms, calling on critics to engage with the initiatives more thoughtfully.

Speaking during Tinubu’s presentation of the 2025 budget, Akpabio praised the four tax reform bills as a monumental step toward revitalizing Nigeria’s economy.

He described the reforms as the first comprehensive tax overhaul since independence, aimed at boosting revenue, supporting small businesses, and fostering sustainable development.

Akpabio criticized detractors for dismissing the reforms without understanding their potential impact and urged all Nigerians to embrace this transformative opportunity.


 

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17-Year-Old OOU Student Arrested for Allegedly Stealing and Attempting to Sell Phones

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17-Year-Old OOU Student Arrested for Allegedly Stealing and Attempting to Sell Phones

A 17-year-old student of Olabisi Onabanjo University (OOU), Sobando Semilore, has been arrested by the Ago-Iwoye police for allegedly stealing two high-end smartphones and attempting to sell them.

According to a statement released by the Ago-Iwoye police division, Semilore, a first-year Political Science student residing in Danmark Hall, was caught on December 17, 2024. He was allegedly in possession of a Samsung S21 valued at ₦350,000 and an iPhone 14 Pro Max worth ₦650,000, both belonging to Muktapha Adenugba.

The statement revealed that the suspect was apprehended around 5:00 PM while trying to sell the stolen phones at Pepsi Junction in Ago-Iwoye. During interrogation, he reportedly admitted to stealing the devices from a poolside at Gardeen, a well-known relaxation spot.

The police confirmed that the stolen phones have been recovered and returned to their rightful owner. Investigations into the case are ongoing, with further updates expected.

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This incident has sparked conversations about crime among students, with many emphasizing the need for vigilance and better security measures in social spaces.


 

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