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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ARGENTINE PRESIDENT FIRES LABOR MINISTER FOR INCREASING HIS SALARY AND THAT OF HIS MINISTERS AND CABINET OFFICIALS.(PHOTO).

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 Argentine president fires labor minister for increasing his salary and that of his ministers and senior cabinet officials. 


Argentine President, Javier Milei has fired his labour secretary for overseeing a 48 percent presidential pay increase last month amid the country's economic strain.

 

At the weekend, members of the left-leaning Peronist opposition shared details of a decree mandating the increase that bears the president’s signature.

 

During a live broadcast on LN+ channel on Monday, President Milei announced, “I’ve fired the labor secretary. Let’s say at this moment they’re notifying him.”

 

The president had been facing heavy criticism from the opposition, accusing him of hypocrisy for accepting a 48% pay increase while publicly denouncing lawmakers for their 30% salary hike.


Milei’s gross monthly salary rose from just over 4mn pesos, ($4,700 at Argentina’s official exchange rate) in January to just over 6mn pesos in February.

 

President Milei explained that the increases were triggered automatically under a decree signed by former president Cristina Kirchner, when salaries for public employees were uprated for inflation.

 

In response, Kirchner defended herself on social media, stating, “It was revealed that you and your cabinet increased your salary by 48%, and you have no better excuse than putting the blame on me, for a decree I signed 14 years ago? Admit that you signed it, cashed it out, and were caught.”

 

President Milei acknowledged the salary raise as an “error” that should not have happened.

 

Last week, Milei’s vice-president and Senate leader Victoria Villarruel and lower house leader Martín Menem approved a 30 per cent pay increase for legislators. Milei told local media on Thursday that he had asked them to reverse the rises.

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