Reps de-list petroleum products from price control
The House also adopted the amendment of section 17(b) by increasing the penalty for contravention of the law to N100, 000 from N200 and one year imprisonment.
Rowdy session in House of Reps.
Recommended articles
![Ogun Assembly moves to amend law to address logjam, improve services [sunnewsonline]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'100'%20height%3D'100'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Ogun Assembly moves to amend law to address logjam, improve services [sunnewsonline]")
The House took the decision after considering the recommendations of its committee, which studied the bill to amend the Price Control Act, to provide for concessions and waivers, stiffer penalties and to enforce implementation.
The bill sponsored by Rep. Gabriel Onyeama (APGA Anambra) seeks to amend "the first schedule of the principal Act" by deleting the existing list and substituting it with a new list in the schedule".
Based on the recommendations by the committee of the whole house at plenary, 14 commodities were approved under the new price control legislation.
ADVERTISEMENT
The commodities are bicycles and spare parts, flour, matches, milk, motorcycles and spare parts, motor vehicles and spare parts, salt, sugar, rice, grains, cereals, electrical/electronic equipment, computers and computer accessories and cement.
The lawmakers also approved insertion of subsection 13(2) which stipulates imposition of two years imprisonment or N200,000 on any person that contravenes any provisions of an order made by the court.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Israeli military leaders to hold third meeting on how to deal with Iran
Nigeria's telecoms sector witnesses revival as NCC's leadership draws acclaim
Like Ganduje in Kano, Kaduna Assembly opens investigation against El-Rufai
DNA on Chidinma's dress matches victim, Ataga in alleged murder trial
NDLEA destroys 300 tons of illicit drugs in Lagos, Sanwo-Olu praises effort
Ogun Assembly moves to amend law to address logjam, improve services
Embattled Ganduje hit with fresh corruption charges by Kano's anti-graft
NCAA suspends licences of 3 private jet owners for violating its regulations
FG begins disbursement of ₦200bn palliative loans to verified applicants
Pulse Sports
Lionel Messi's son breaks the internet after scoring five goals for Inter Miami
Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe
Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024
Alex Iwobi makes Premier League history which Mikel, Yakubu, Kanu could not achieve
Like Michael Jordan - Details of Victor Osimhen’s ‘superhuman’ jump against Monza emerges
ADVERTISEMENT
![3-day Sallah holiday will negatively affect Nigeria's struggling economy [Premium Times Nigeria]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'300'%20height%3D'172'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "3-day Sallah holiday will negatively affect Nigeria's struggling economy [Premium Times Nigeria]")