LAGOS COURT JAILS NOGASA CHAIR, FATUYI PHILLIPS 21 YEARS FOR N43. 5M FRAUD. (PHOTO). #PRESS RELEASE
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
Dr William Babatunde Fowler,appointed as the Executive Chairman of the Federal Inland Revenue Service {FIRS}by the President of Nigeria Muhammadu Buhari.Dr Fowler was the Chief Executive Officer/Executive Chairman of the Lagos state Board of internal Revenue from 2005 to 2014.Under his leadership,the Lagos state Board of Internal Revenue reportedly achieved a sharp increase in internally generated revenue from an average of N3.6.billion per month in January 2006,to an average of about N20.5 billion per month in 2013.He will serve as acting Executive Chairman of FIRS until his appointment is confirmed by the senate.President Buhari has also appointed Mr Aliyu Yahaya Gusau as Director General Budget Office of the Federation.Mr Gusau's appointment is with effect from August 18,2015 ans is for a term of four years,renewable for another four years.
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