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

LAGOS STATE,SETS UP A REVENUE COURT TO TACKLE TAX EVADERS/DEFAULTERS.

                       Today tuesday,the Lagos State Government said it would apply the relevant laws to ensure that more Lagosians voluntarily pay their taxes,just as ir warned that tax evaders and defaulters would be prosecuted.State Attorney General and Commissioner for Justice,Mr Adeniji kazeem,who sated this during a press conference held at the Bagauda Kaltho Press Centre in Alaausa Secretariat,said in view of the extreme financial downturn,there was the strong need for government to ramp up its Internally Generated Revenue {IGR},stressing that the state would spaare nothing in enforcing the laws regulating tax payment.He said the administration of Governor Ambode had put in place necessary measures to end the era of tax evasion and indeed avoidance in the state,adding that tax avoiders and evaders would be aggressively pursued in line with the provisions of the law.The Commissioner,who disclosed that the Ministry of Justice had established a Rapid Tax Prosecution Unit to aid the Lagos Internal Revenue Service {LIRS} in its drive to collect taxes,added that the unit would work closely with the Revenue Court which the Chief Judge of Lagos State recently agreed to set up.He said ''Prosecution and jail term for defaulting tax payers will be a tool that we will be actively using to ensure full compliance.Tax officers,i understand,will be very aggressive in their collection of taxes and the public is hereby advised to cooperate with them because obstruction of these tax officers in their lawful duty can and will lead to prosecution.Tax dodhers watch out because the long arm of the law will eventually reach you.All tax payers are also reminded that gining false information is also an offence and can be used in the proscution of your tax default.If you pay your taxes regularly,you will have no problem''.Said Kazeem.More photos below.                                                  

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