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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REPS SLASH SALARIES BY 50% OVER NATIONWIDE HUNGER. (PHOTO).

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 Reps Slash Salaries By 50% Over Nationwide Hunger


Members of the House of Representatives have agreed to cut their salaries by 50 percent for six months as part of their solidarity and sacrifice to support the economic hardship and hunger Nigerians are going through at the moment.


This followed the adoption of an amendment to a motion’s prayer moved by the Deputy Speaker of the House, Benjamin Okezie Kalu, on the need for lawmakers to sacrifice 50% of their N600,000 monthly salaries to support Nigerians in view of the hardship in the land.


Kalu’s amended prayer was to a motion by Rep Isiaka Ayokunle calling on proponents of the planned nationwide protests to jettison the idea and engage the government in dialogue.


The deputy Speaker said the salary cut is to be used to support federal government’s efforts to address rising cost of food stuffs in the country with the view to ameliorating the hardship Nigerians are going through.


Daily Trust reports that by slashing their salaries by 50%, the 360 lawmakers will be sacrificing N108 million monthly for the next six months.


The motion was adopted and referred to the committees on Humanitarian Affairs, Finance and Budget for compliance.

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