LAGOS COURT JAILS NOGASA CHAIR, FATUYI PHILLIPS 21 YEARS FOR N43. 5M FRAUD. (PHOTO). #PRESS RELEASE

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 Lagos Court Jails NOGASA Chair, Fatuyi Phillips 21 Years  for N43.5m Fraud    Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Monday, November 18, 2024, convicted and sentenced Fatuyi Yemi Philips, Chairman, Natural Oil and Gas Suppliers Association of Nigeria, NOGASA, to 21 years imprisonment for N43.5m fraud.   The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on April 5, 2022, arraigned Philips alongside his firm, Oceanview Oil and Gas Limited, on a two-count charge bordering on obtaining money by false pretence to the tune of N43, 502,000.00   Count one reads: "Fatuyi Yemi Philips and Oceanview Oil and Gas Nigeria Limited, on or about the 28th day of September, 2016 at Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, obtained the aggregate sum of N43, 502,000.00 from Elochukwu Okoye and Elebana Unique Ventures Nigeria Limited on behalf of WAPCIL Nigeria Limited under the false rep
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ASUU REJECTS 35% SALARY INCREASE FOR PROFESSORS;WANTS 100%- MINISTER.(PHOTO).

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ASUU Rejects 35% Salary Increase For Professors; Wants 100% - Minister 

The Minister of Education, Adamu Adamu on Tuesday outlined the Federal Government’s efforts to resolve the industrial action embarked upon by Academic Staff Union of Universities on February 14.

Speaking at a press conference in Abuja, Adamu said the government had offered the union a 23.5 percent salary increase “for all category of the workforce in Federal Universities, except for the professorial cadre which will enjoy a 35% upward review.”

Adamu said the government had also promised that a sum of N150 billion “shall be provided for in the 2023 Budget as funds for the revitalization of Federal Universities, to be disbursed to the Institutions in the First Quarter of the year.”

Also, the government pledged a sum of N50 billion that would be provided “for in the 2023 Budget for the payment of outstanding areas of earned academic allowances, to be paid in the First Quarter of the year.”

However, ASUU and three other university unions who had been on strike, rejected the offer, Minister Adamu said, describing it “as inadequate to meet their respective demands needed to tackle the challenges confronting the university system.”

According to an ASUU source, the union is seeking over a 100 percent increase in salaries.


 

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