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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LAGOS STATE SECURITY TRUST FUND DONATED A PATROL VAN TO AGUDA POLICE STATION+AMBODE APPROVES CREATION OF NEW RESIDENTIAL SCHEMES.

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                    Today friday it was reported that Lagos State Trust Fund donated a patrol van to Aguda Police Station,Surulere and yesterday thursday,Governor Ambode approves creation of new residential schemes.He approved the creation of three new residential schemes for allocation to residents in the state as part of efforts to meet the housing needs of Lagosians.Mr Bode Agoro,Permanent Secretary,Lands Bureau,who stated this in his office recently,reiterated the commitment of the present administration to alleviate the hardship faced by the citizens in securing comfortable accommodation at an affordable price in the state.The Permanent Secretary stated that the schemes,namely Safe Court Gardens in Ijanikin,Treasure Park in Badagry and Prince Court in Sangotedo,Lekki were carefully designed to ensure that allottees live in comfortable homes in a safe,clean and peaceful environment.He noted that the schemes will be unique,well managed and constructed with quality infrastructure to show government determination and willingness to provide sustainable property investment.While urging potential buyers to take advantage of this noble initiative,Agoro stated that the government adopted the Off-Plan Sales Method for allocation of these schemes as against the previous conventional method of allocation in the state.He explained that the concept is to buy a property Off-Plan at current price and when infrastructural development is completed in a year or so later,the capital appreciation would have it worth much more.''This is the first time in the history of Lands Bureau that such method of allocation is being adopted''.More photos below.                                                                                                                                                   

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