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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SEN. ORJI KALU CALLS FOR N90, 000 MINIMUM WAGE AMID ECONOMIC ASSESSMENTS. (PHOTO).

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 Senator Orji Kalu calls for N90,000 minimum wage amid economic assessments


Senator Orji Kalu, representing Abia North, has proposed a significant increase in the minimum wage to N90,000 amidst his assessment of President Bola Tinubu’s administration, acknowledging successes in certain economic policies while highlighting concerns over hunger among citizens.


In an interview with Channels Television, Kalu provided a nuanced evaluation of Tinubu’s presidency, praising achievements in economic and monetary policies while criticizing deficiencies in fiscal policies, particularly regarding food security.


“I’m sure the president has done well in some areas and he also needs to improve in many other areas. I’m a very practical person, I fear nobody and I support the truth,” Kalu asserted.


He specifically praised Tinubu’s achievements in economic and monetary policies but highlighted deficiencies in fiscal policies, particularly regarding food security.


“President Tinubu has done so well in some areas, and in some other areas of feeding our people, people are hungry so I cannot say,” Kalu remarked, emphasizing the critical need to enhance food production under Tinubu’s leadership.


While acknowledging the importance of fiscal policies that promote agriculture and food production, Kalu expressed skepticism about the proposed N62,000 minimum wage, arguing it would not effectively address current inflationary pressures.


“I’m a proponent that local governments should be getting their money fully,” Kalu added, advocating for robust fiscal support at the grassroots level to enhance economic activities and welfare.


He further advocated for a higher minimum wage, proposing N90,000 to adequately cater to the needs of civil servants, citing the lack of minimum wage increases over the past five years.


“I’m a practical person. The civil servants need good treatment,” Kalu affirmed, underscoring the importance of improving living standards amidst economic challenges.


Kalu’s call for a higher minimum wage underscores ongoing debates about economic policies and social welfare under President Tinubu’s administration, reflecting diverse perspectives on national development and governance.

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