Entrepreneurng.com
Thursday, May 28, 2026
  • Business News
  • Economic News
  • Editor’s Picks
  • Advertise With Us
No Result
View All Result
Entrepreneurng.com
No Result
View All Result
Home Economic News

Court orders FG to fix prices of goods within 7 days

by Tolulope Akinruli
February 7, 2024
in Economic News
0
Court orders FG to fix prices of goods within 7 days
499
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

A Federal High Court in Lagos has directed the Federal Government to establish the prices of goods and petroleum products within seven days starting from today.

Justice Ambrose Lewis-Allagoa issued the order after considering an originating motion presented and argued by the applicant and human rights lawyer, Femi Falana (SAN).

“I have reviewed the application filed by Femi Falana in suit no FHC/L/CS/869/2023 and have noted that despite serving the originating motion to the respondents, namely, the Attorney-General of the Federation and the Price Control Board, there has been no opposition in the form of a counter affidavit,” the judge stated.

“In accordance with the law, all the facts presented in the affidavit attached to the originating motion are deemed admitted. Consequently, all prayers requested in the motion papers are granted as prayed,” declared the judge.

The judge mandated the Nigerian government to set the prices of goods of various items, including 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 such as diesel, petrol motor spirit (PMS), and kerosene.

Falana (SAN) had approached the court seeking clarification on several issues, including whether the Federal Government is fulfilling its duty to impose prices on specified goods under Section 4 of the Price Control Act.

Prices of goods

The applicant also requested declarations affirming the legal obligation of the defendants to fix the prices of certain items and sought an order directing them to establish the prices within seven days after the court’s judgment.

Source: guardian.ng

Tags: Ambrose Lewis-AllagoaFemi FalanaPrices of goods
Share200Tweet125
Tolulope Akinruli

Tolulope Akinruli

  • Trending
  • Comments
  • Latest
Prince Faisal bin Salman Al Saud

Saudi Arabia: Top 10 Richest Princes and Princesses of the Royal Family

January 4, 2025
2025 Budget: Federal Government Allocates ₦132bn to Support Farmers

2025 Budget: Federal Government Allocates ₦132bn to Support Farmers

January 4, 2025
Applications Open: Nehemiah Davis' Greatness Grant 2025 (Up to $2,500 Available)

Applications Open: Nehemiah Davis’ Greatness Grant 2025 (Up to $2,500 Available)

February 23, 2025
Sam Bankman-Fried

FTX founder Sam Bankman-Fried has been arrested in the Bahamas

19
THE CHANGING NATURE OF POWER IN THE KNOWLEDGE ECONOMY

THE CHANGING NATURE OF POWER IN THE KNOWLEDGE ECONOMY

3
RE-INVENTING MANAGEMENT IN THE KNOWLEDGE ECONOMY

RE-INVENTING MANAGEMENT IN THE KNOWLEDGE ECONOMY

2

Νόμιμη πλατφόρμα: Ο πλήρης οδηγός ασφαλείας για αξιόπιστο τζόγο

May 28, 2026

Пинко казино – Официальный сайт Pinco играть онлайн | Зеркало и вход

May 28, 2026

Online kaszinó vélemények – Regisztráció lépései és biztonsági tippek

May 28, 2026
Entrepreneurng.com

Copyright © 2025

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Business News
  • Economic News
  • Editor’s Picks
  • Advertise With Us

Copyright © 2025