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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LABOUR REDUCES DEMAND ON MINIMUM WAGE TO N500, 000.(PHOTO).

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 Labour reduces demand on Minimum Wage to N500,000


IN a bid to shift ground so as to ensure speedy conclusion of negotiation on new national Minimum Wage, the Organised Labour at the ongoing Tripartite Committee on the National Minimum Wage meeting has reduced its demand from N615,000 to N500,000.


A source at the meeting told Vanguard that the government team is adamant about N54,000, complaining of non-availability of fund and the inability of the private sector to pay.


But the private sector has made additional N3,00 taking up its offer to N57,000 from the initial N54,000.


According to the source, “Government has agreed that NLC is using evidence-based presentation. But they argue that eight states are not paying or not fully implementing the 2019 minimum wage.”


The source further said, “Government is talking of non-availability of fund. They are also talking about the inability of the private sector to pay.”


On Labour shifting of ground by the organised labour, the source said, “Labour has been requested to shift in response to the Government. They complied and came down to N500,000.”


He said that the Imo State Governor, Hope Uzodimma was present at the meeting.


“”The Imo State Governor has stepped in. He is not a member of the committee but it is good that there is at least a governor, as the six governors in the committee have been regularly absent.”

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