NNPC’s decision to increase pump price of petrol is illegal

Human Rights Lawyer and Senior Advocate of Nigeria, Femi Falana has said that the decision of the Nigerian National Petroleum Company Limited (NNPCL) to increase the pump price of PMS is illegal.

Speaking on the sideline of an emergency meeting of the Nigeria Labour Congress (NLC) National Executive Council in Abuja, Falana said NNPCL as a limited liability company does not have any legal power to jack up the price of petroleum.

He further urged the federal government to go back to the drawing board with a view to finding alternative solution to the problem, one of which he says includes the need to address the dollarization of Nigeria’s economy.

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