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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SUBSIDY REMOVAL: ORGANISED LABOUR MAKES FRESH DEMANDS AHEAD OF MEETING WITH FG.(PHOTO).

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Subsidy removal: Organised Labour makes fresh demands ahead of meeting with FG


The Nigerian Labour Congress (NLC) has threatened to boycott their meeting with the Federal Government on Monday (today) if the Minister of Labour and Employment, Simon Lalong, shows up.


The labour bodies are expected to meet again with the federal government to review the implementation of the Memorandum of Understanding they signed on subsidy removal palliatives.


Ahead of the meeting, the organised labour also lamented the devastating impact of the forex crisis on the economy and demanded urgent stabilisation of the naira.


The NLC President, Joe Ajaero, released a statement on Sunday, blaming government officials’ for the free fall of the nation’s currency.


In a statement titled, “Urgent action to stabilise the naira amidst alarming depreciation,” the NLC president said the repercussions of the weakened currency would be felt by workers and the masses.


He said, “Hopefully, we may meet tomorrow (today) with the federal government to see whether the agreement with organised labour on the fuel subsidy removal palliatives was met or not.


“If that meeting is to be held, it will be without the Minister of Labour and Employment (Simon Lalong) because we will not be part of any meeting with the federal government that the minister of labour and employment will attend.


“You will recall that the decision we had on the National Union of Road Transport Workers was that all parties, including the police should leave the premises, pending the resolution of the dispute but that did not happen. Therefore, any meeting we will have with the federal government, the minister of labour and employment will not be part of it.”
 

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