The presiding judge of the Federal High Court Abuja Justice Adamu Bello Tuesday declared the deregulation of the downstream sector of the petroleum industry as 'unconstitutional, illegal, null and void'.
The judgment was delivered in a case filed by a Lagos lawyer, Mr Bamidele Aturu, against the Minister of Petroleum Resources and the Attorney General of the Federation. Justice Bello issued an order restraining the Federal Government from deregulating the downstream sector of the petroleum industry for failing to fix the prices of petroleum products as mandatorily required by the petroleum Act and Price Control Act.
The judge held that the policy of government to deregulate the downstream sector of the petroleum industry by not fixing the prices at which petroleum products might be sold in Nigeria was unlawful.
More update later…