• Home
  • About Us
  • Contact Us
Tuesday, August 19, 2025
  • Home
  • News
  • Politics
  • Fanfare
  • Culture
  • Education
  • Entertainment
  • Health
  • Travel and Tourism
  • More
    • Editorial
    • Business
    • Crime and Security
    • Opinion
    • Sports
No Result
View All Result
  • Home
  • News
  • Politics
  • Fanfare
  • Culture
  • Education
  • Entertainment
  • Health
  • Travel and Tourism
  • More
    • Editorial
    • Business
    • Crime and Security
    • Opinion
    • Sports
No Result
View All Result
No Result
View All Result

Court Directs FG: Fix Prices of Goods, Petroleum in 7 Days

Peter Olajide by Peter Olajide
February 8, 2024
in Uncategorized
0
Court Directs FG: Fix Prices of Goods, Petroleum in 7 Days
3.3k
VIEWS

You might also like

A Salute to Excellence: Hon. Engr. Toheeb Adegoke Adlat Celebrates the Birthday of the Political Mathematician, Hon. Yakub Ojo*

A Salute to Excellence: Hon. Engr. Toheeb Adegoke Adlat Celebrates the Birthday of the Political Mathematician, Hon. Yakub Ojo*

August 6, 2025
Makinde Has Redefined Governance in Oyo State — NUJ Chairman, Babalola

Makinde Has Redefined Governance in Oyo State — NUJ Chairman, Babalola

August 5, 2025

...To get all news updates, Join our WhatsApp Group (Click Here)

Court Directs FG: Fix Prices of Goods, Petroleum in 7 Days

The Federal High Court in Lagos on Wednesday directed the Federal Government to address the pricing of goods and petroleum products within the next seven days.

The order, granted by Justice Ambrose Lewis-Allagoa, stemmed from an originating motion presented by the Senior Advocate of Nigeria, Femi Falana.

Falana’s legal challenge targeted the Price Control Board and the Attorney General of the Federation, both named as defendants.

The court is tasked with determining whether the first defendant, by Section 4(1) of the Price Control Act (2004), is fulfilling its duty to set prices for specified goods outlined in the First Schedule to the Price Control Act.

Supporting his summons with an affidavit, Falana’s legal team, led by Taiwo Olawanle, highlighted a range of commodities, including bicycles and spare parts, flour, matches, milk, motorcycles and their spare parts, motor vehicles and salt, sugar, and petroleum products (diesel, petrol, motor spirit, and kerosene) listed in the Price Control Act.

Also Read:  Photos: Oyo Govt Brings Succour to 3,300 Households Through the Ministry of Women Affairs & Social Inclusion

The affidavit underscored the Price Control Board’s authority conferred by the Act to regulate prices across this diverse array of commodities.

“That though the price of the commodities is supposed to be fixed by the Board, the only petroleum products that are fixed to a certain amount are not being enforced.

“That the price of a bag of rice which was formerly N8,000 has risen to N45,000 in the market and that the situation in the market is by each passing day becoming more unbearable for consumers as prices of goods keep rising on a daily basis.

“Sellers are not always sincere as they are so desperate to make excessive profits at the expense of buyers.

“Food prices which human beings should not be deprived of are on the high side due to a lack of price fixing by the Ist Defendant.

“That buyers are at the receiving end when the prices of goods are increased as they tend to suffer for it more.

“That the increase in the price of goods has forced various categories of eateries and canteens to increase the prices of their meals, attributing the high cost to unstable and unfavorable prices of farm produce.

“That there is a need for the 1st defendant to rise to its task of imposing prices on these commodities

“That unless the defendants are mandated by the court to wake up to their responsibilities, the prices of goods will continue to skyrocket.”

The Senior Advocate consequently sought the following reliefs from the court:

“A declaration that by Section 4 of the Price Control Act Cap, the defendants are under a legal obligation to fix the prices of bicycles and spare parts; flour; matches; milk; motorcycles and spare parts; motor vehicles and spare parts; salt; sugar and petroleum products including diesel, petrol motor spirit, and kerosene.

Also Read:  Eid-El-Kabir Celebrations: Embrace Eid-ul-Adha Lessons, Hon Tiamy Urges Nigerians

“A declaration that the failure or refusal of the Defendants to fix the prices of bicycles and spare parts; flour; matches; milk; motorcycles and spare parts; motor vehicles and spare parts; salt; sugar and petroleum products including diesel, petrol motor spirit, and kerosene are illegal as it offends the provision of Section 4 of the Price Control Act, Cap…., Laws of the Federation of Nigeria, 2004.

“An order directing the defendants to fix the prices of bicycles and spare parts; flour; matches; milk; motorcycles and spare parts; motor vehicles and spare parts; salt; sugar and petroleum products including diesel, petrol motor spirit, and kerosene not later than 7 days after the delivery of the Judgment of this Honourable Court.”

After hearing from the senior advocate, Justice Lewis-Allagoa stated, “I have listened to the applicant, Femi Falana, and I have also noted that despite the service of the originating motion on the respondents, namely the Attorney-General of the Federation and the Price Control Board, there’s no opposition to it by way of a counter affidavit. In law, this means that all the facts deposed in the affidavit attached to the originating motion are deemed admitted.

Consequently, all prayers sought in the motion papers are hereby granted as prayed.”

The judge then directed the Nigerian government to set the prices for Milk, Flour, salt, sugar, bicycles and their spare parts, matches, motorcycles and their spare parts, motor vehicles and their spare parts, as well as Petroleum products, which include diesel, petrol motor spirit (PMS), and kerosene.

Also Read:  CCII Award Video: We thank the CCII for this recognition, Omi Tuntun Ladies Congratulates, Agbaakin Benedict Akika

You can get every of our news as soon as they drop on WhatsApp ...To get all news updates, Join our WhatsApp Group (Click Here)
Previous Post

Ibadan Explosion: Empathy or Political Jamboree

Next Post

NLC, TUC Issue 14-day Nationwide Strike Notice To FG

Peter Olajide

Peter Olajide

Related Stories

A Salute to Excellence: Hon. Engr. Toheeb Adegoke Adlat Celebrates the Birthday of the Political Mathematician, Hon. Yakub Ojo*

A Salute to Excellence: Hon. Engr. Toheeb Adegoke Adlat Celebrates the Birthday of the Political Mathematician, Hon. Yakub Ojo*

by Peter Olajide
August 6, 2025
0

On this special occasion, I, Hon. Engr. Toheeb Adegoke Adlat, the Akinyele/Lagelu Federal Constituency hopeful under the great banner of...

Makinde Has Redefined Governance in Oyo State — NUJ Chairman, Babalola

Makinde Has Redefined Governance in Oyo State — NUJ Chairman, Babalola

by Peter Olajide
August 5, 2025
0

The Chairman of the Oyo State Council of the Nigeria Union of Journalists (NUJ), Comrade Ademola Babalola, has lauded Governor...

Ibadan North East Council , Akintayo Launches 2025 Roll Back Malaria Campaign with Free Net Distribution

How Islam Deals with Murder: A Shari‘ah-Based Perspective on the Hafsoh Lawal Case* By: Mallam Amb. Ibrahim Agunbiade (Abu Jannāt)

by Peter Olajide
August 3, 2025
0

Taalib Jami'ei, Islamic Propagation, Rabwa, Saudi Arabia 📧 agunbiadeib@gmail.com Friday (Yaom al-Jumu‘ah) 7th safar 1447AH / 1st August, 2025 The...

August 16 Polls: Folajimi Oyekunle “DON” Rounds Off Consultations, Receives Royal Blessings, Community Endorsements in Ibadan North

August 16 Polls: Folajimi Oyekunle “DON” Rounds Off Consultations, Receives Royal Blessings, Community Endorsements in Ibadan North

by Peter Olajide
August 3, 2025
0

As the August 16, 2025, bye-election for Ibadan North Federal Constituency draws nearer, the Peoples Democratic Party (PDP) candidate, Hon....

Next Post
NLC, TUC Issue 14-day Nationwide Strike Notice To FG

NLC, TUC Issue 14-day Nationwide Strike Notice To FG

Recommended

Ife Road Junction to Air Force Base in Ajia to Be Dualised, says Makinde  

May 3, 2025
“You Are The Best in The History of Oyo State” Oyo Lawmaker, Wale Canada Commends Governor Seyi Makinde for Mass Recruitment.

“You Are The Best in The History of Oyo State” Oyo Lawmaker, Wale Canada Commends Governor Seyi Makinde for Mass Recruitment.

November 26, 2024

Popular Story

  • Breaking: Ibadan North Rep Member, Akinremi Dies

    Breaking: Ibadan North Rep Member, Akinremi Dies

    1035 shares
    Share 414 Tweet 259
  • Oyo Ad-hoc Staff Appeal to Governor Makinde

    959 shares
    Share 384 Tweet 240
  • Jubilation As Makinde Pays December Salaries Early

    880 shares
    Share 352 Tweet 220
  • Breaking: Ex Oyo Lawmaker, Hon Babatunde Eesuola is dead.

    868 shares
    Share 347 Tweet 217
  • Breaking : Two Years After Becoming Olubadan, Oba Balogun Joins Ancestors At 82

    863 shares
    Share 345 Tweet 216

Stay up-to-date with the latest happenings in Oyo State! From breaking news to in-depth updates on local events, our blog covers it all. Visit us regularly to stay informed about everything that matters in your community

  • Home
  • About Us
  • Contact Us

© 2024 Naija24hrs - Website Designed by Samtech Media (+2348103682435)

No Result
View All Result
  • Home
  • News
  • Politics
  • Fanfare
  • Culture
  • Education
  • Entertainment
  • Health
  • Travel and Tourism
  • Editorial
  • Crime and Security
  • Business
  • Opinion
  • Sports

© 2024 Naija24hrs - Website Designed by Samtech Media (+2348103682435)

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?