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
Yesterday tuesday,Lagos State Governor,Mr Akinwunmi Ambode reaffirmed his commitment to remain resolute to serve and justify the trust reposed in him,assuring that he would continue to work tirelessly to deliver good governance for the collective good of all Lagosians.The Governor who spoke while rendering his account of stewardship at the Second Quarterly Town Hall Meeting held at the City Hall,Lagos said his administration will continue to stay true to its overall policy built on a tripod of security,infrastructural development and job creation.Addressing a large gathering of party chieftains,market men and women,captains of industry,members of the diplomatic corps as well as top government functionaries,Governor Ambode said his administration is fully aware that a safer Lagos will attract more investments from local and foreign investors,hence he kept to his promise in the first quarter to improve on the security in the state with investment is security equipment worth over N4.7billion.The Governor reported that the investment in the security equipment has led to the reduction of crime rate in the state by 65 percent on the last quarter of 2015.''I am happy to report that our state is a lot safer today as statistics show that crime rate reduced by 65 % during the last quarter compared to year 2014''In the past few months,we have fixed street lights from Berger in Ojudu to Lekki,Ikorodu to Lagos Island,the entire Ikeja axis,Victoria Island and Ikoyi.We are taking this project to every part of the state.If we are not yet in your neighbourhood,give us a little time,we will soon be there.As we light up the state,we expect crime to reduce as criminals will have nowhere to hide and operate.I call on individuals and corporate bodies to join our Light Up Lagos project by adopting a street and lighting it up either by connecting it to your meter or your generator.In return,these individuals and institutions will receive special concessions on Land Use Charge and commendation from the State and local Governments''.More photos below. 
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