The Federal High Court in Lagos has ordered the Federal Government to fix the prices of goods and petroleum products within seven days.
Justice Ambrose Lewis-Allagoa granted the order sequel to an originating motion filed and argued by the applicant, Senior Advocate of Nigeria, Femi Falana.
Falana had dragged the Price Control Board and the Attorney General of the Federation, both of whom are listed as defendants before the court to determine “whether by virtue of Section 4 (1) of the Price Control Act, Laws of the Federation of Nigeria, 2004, the first defendant is carrying out its duty to impose a price on any goods that are of the kind specified in the First Schedule to the Price Control Act.”
In an affidavit in support of the summons taken out by the Senior Advocate and deposed to by a legal practitioner from his firm, Taiwo Olawanle, the deponent noted that the following commodities: bicycles and its spare parts; flour; matches; milk; motorcycles and its spare parts; motor vehicles and spare parts; salt; sugar and petroleum products including diesel, petrol motor spirit and kerosene are listed in the Price Control Act.
He also noted that the Act gives the Price Control Board powers to fix the prices of this wide array of commodities.
