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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NLC WILL DISOWN OBI IF HE ADOPTS IMF POLICIES AS NIGERIA'S PRESIDENT- AJAERO.(PHOTO).

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 NLC Will Disown Obi If He Adopts IMF Policies As Nigeria’s President – Ajaero


The President of the Nigeria Labour Congress (NLC) Joe Ajaero says the labour union would have disowned the 2023 presidential candidate of the Labour Party (LP) Peter Obi if he had adopted the policies of the International Monetary Fund (IMF) and the World Bank had he been elected Nigeria’s President. 


Ajaero, who was a guest on a Television programme on Tuesday, described the position of the NLC on the removal of petrol subsidy and electricity subsidy as “fixated”, adding that the labour union would have it tough with any LP President who implements the policies of Bretton Woods institutions which support the removal of subsidies on electricity tariff and petrol.


The NLC President said, “He (Obi) is the presidential candidate of Labour Party but does he own NLC or the Labour Party? Why can’t you separate them? Whosoever is the presidential candidate or official of the Labour Party must buy into our projects. If he says he was going to undertake those policies, let him be elected and try such policies.


“Whether a presidential candidate of a party that Labour forms would dictate for Labour? The answer is known to everybody. The policies of Labour, the ideologies of Labour are clear and we are going to pursue it. If anybody is coming with another ideology, he is going to have it tough with us because that is not what we stand for.


“It (our approach) would have been worst for anybody flying the flag of Labour Party to come and implement these policies, to come and adopt the policies of the IMF and the World Bank. It would have been worst for the person. In fact, we would disown the person, he would be on his own. We have to make this distinction clear.”

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