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
Lagos State Government,Mr Akinwunmi Ambode today tuesday embarked on extensive inspection of on-going projects across the State,where he equally flagged off the world class Epe-Marina Lagoon reclamation project aimed at giving a quantum leap to the tourism potentials of the State.Governor Ambode,who was accompanied on the inspection tour by top government functionaries,said the lagoon reclamation projects in Epe and Badagry,upon completion,would look like that of Dubai in United Arab Emirates {UAE}.He assured that the Badagry-Marina Lagoon reclamation project would be completed by the end of August,this year.Governor Ambode said ''We want to actually duplicate what you see in Dubai-Marina.This is a whole stretch of two kilometers of real estate and new tourist centres that we are putting in Epe and Badagry at the same time.We believe strongly that coming out from our retreat that we said we are going to grow the IGR of Lagos State by 2017 to N30billion and 2018 to N50billion,we believe that some of these projects that we are commencing now are just inlets to our dream of growing the IGR.We know that by the time we are expanding touring potentials of Badagry and Epe at the same time,we will be able to get new investors that will be able to come to our new locations to do other things beyond what you see about recreation,tourism or entertainment and then get a whole lot of investments into Lagos State.This is part of our dreams and dreams do come true.We are looking at the future of tourism from both axis.You cannot put tourism in those places without doing the infrastructure that is required to allow people to come in and that is why we are also doing the road network''.More photos below. 
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