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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FG, LABOUR TO RECONVENE NEXT WEEK OVET MINIMUM WAGE NEGOTIATION. (PHOTO).

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 FG, Labour To Reconvene Next Week Over Minimum Wage Negotiation


The Tripartite Committee on Minimum Wage will reconvene on Tuesday, May 23 to further negotiate a reasonable new minimum wage for workers, after the organised labour walked out of the negotiation on May 15.


An invitation letter sent to the labour leaders by the chairman of the committee, Bukar Goni, states that the other members of the committee have agreed to shift grounds from the N48,000 proposal which was made on Wednesday.


The letter appealed to the labour leaders to speak to their members and attend the reconvened meeting next Tuesday.


The organised labour comprising the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have proposed a new minimum wage of N615,000, which is way higher than the N48,000 proposal by the government.


The organised private sector, on the other hand, proposed an initial offer of N54,000. After dumping the talks, the labour leaders addressed a press conference where they expressed their anger over the Federal Government’s offer.


They blamed the government and the private sector for the breakdown in negotiation.


The Federal Government had failed to present a nationally acceptable minimum wage to Nigerians before the May 1 Labour Day.


The situation has forced labour to be at loggerheads with the government. In the wake of the tussle, the NLC President Joe Ajaero insisted on the N615,000 minimum wage, arguing that the amount was arrived at after an analysis of the economic situation worsened by the hike in the cost of living and the needs of an average Nigerian family of six.


Ajaero and labour leaders have given the Federal Government a May 31 deadline to meet their demands.


On January 30, Vice President Kashim Shettima inaugurated the 37-member  tripartite committee to come up with a new minimum wage.


With its membership cutting across federal, and state governments, the private sector, and organised labour, the panel is to recommend a new national minimum wage for the country.


During the committee’s inauguration, the Vice President urged the members to “speedily” arrive at a resolution and submit their reports early.


“This timely submission is crucial to ensure the emergence of a new minimum wage,” Shettima said.


The 37-man committee is chaired by the former Head of the Civil Service of the Federation, Goni Aji.


With the cost of living rising following the removal of fuel subsidy, calls for a new minimum wage have continued to make headlines in Nigeria.

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