A Federal High Court in Abuja presided over by Justice Adamu Bello has nullified the federal government’s deregulation of the downstream sector of the petroleum industry.
Justice Bello in a ruling delivered Tuesday in a suit filed by Lagos lawyer, Mr. Bamidele Aturu declared the policy unconstitutional, illegal, null and void.
Justice Bello in a ruling delivered Tuesday in a suit filed by Lagos lawyer, Mr. Bamidele Aturu declared the policy unconstitutional, illegal, null and void.
Update 1:
"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 flagrant violation of the mandatory provision of section 4 of the Price Control Act, cap P28, Laws of the Federation of Nigeria, 2004," the judge said.
