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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BRITISH FINANCE MINISTER,ANNOUNCED THAT BRITAIN IS TO FREEZE WELFARE PAYMENT FOR 2 YEARS.

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            According to the British Finance Minister George Osborne announced today the policy at his Conservative party's annual conference,that there would be no increase in state benefits for two years to save 3.0 Billion pounds.He said it was not fair that benefits have been rising more than earnings.''Working age benefits will have to be frozen for two years.This is the choice that Britain needs to take to protect our economic stability and to secure a better future.Disability and pension benefits are excluded from the charge''.The Finance Minister also have plans to cut a pension inheritance tax in a move expected to benefit the families of hundreds of thousands of people to the tune of 150 Million ponds a year.British Prime Minister David Cameron said yesterday sunday that ''It is not acceptable fr young people under the age of 21 to go straight from school on to benefits and into a home paid for through housing benefit''.One more picture below.                                                                                                                                                 

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