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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INEC SET TO IMPLEMENT CAMPAIGN EXPENSES RULES AS THEY LIFT CAMPAIGN BAN FOR 2015 ELECTIONS.

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                        It was confirmed by the Electoral Commission yesterday monday that they have officially lifted the ban on campaigns for 2015 elections.According to the Chief Press Secretary of INEC Chairmam Mr Kayode Idowu said ''The commission has put structures inplace to track expenditures.That structure did not exist in 2011,but now,we have been able to put structures in place to track the expenditure of politicians and we are going to be doing that.Section 91,sub section 2-7 of the Electoral Act,dwells on limitation on Election expenses.The maximum elections expenses to be incurred by a candidate at a presidential,governorship election shall be N1 billion and N200 million,respectively.The maximum amount of election expenses to be incured of Senatorial seat by a candidate and House of Representatives shall be N40 million and N20 million respectively.While in the case of State Assembly election,the maximum amount of election expenses to be incurred shall be N10 million.Section 9{10} said,a candidate who knowing acts in contravention of this section commits an offence''.

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