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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'SLASH LEGISLATORS, EXECUTIVE SALARIES BY 30/40 PER CENT', ELECTORAL COMMITTEE PROPOSES. (PHOTO).

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 ‘Slash Legislators, Executive Salaries By 30/40 Per Cent’, Electoral Committee Proposes


The Joint Committee on Electoral Matters has proposed a slash in salaries of legislators and executive members by 30 and 40 per cent respectively. 


This was proposed on Monday during an interactive session with Judiciary and political parties led by the Chairman, the Senate Committee on Electoral Matters, Senator Sharafadeen Alli on the National Assembly Review and amendment of the Electoral Act 2022.


According to them, the salaries of legislators should be reduced by 30 per cent while that of the executives be reduced by 40 per cent to cut costs.


During the session, political parties also proposed that all elections – presidential, National Assembly, governorship, and State Houses of Assembly be conducted in a single day, asserting that the current staggered system of elections is not cost-effective.


They also proposed the continuous voter registration link to the National Identity Number (NIN) for added security and to save costs during the voter’s registration.


Among the 35 proposals presented by the IPAC Chair during the 3-day retreat, the registered political parties also maintain that the appointment of the Independent National Electoral Commission chairman should no longer be the responsibility of the executive rather it should be advertised to interested parties.


Meanwhile, the Chairman of the joint committee has promised to interact with INEC and Nigerians across the board, for robust feedback to minimise disruptions and ensure rancour and hitch-free elections in the future.

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