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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I REMAIN LOYAL TO APC-SARAKI.

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                 Senate President Dr Abubakar Bukola Saraki today monday restated his loyalty to the governing All Progressives Congress {APC}.Saraki also reiterated his belief that the President Muhammadu Buhari's government will redeem its electoral promises made during the 2015 general elections.The Senate President spoke at the 10th Abuja Housing Show where top government officials and prominent stakeholders in the housing sector brainstormed on the theme: ''Expanding Access to Affordable Housing in Africa''.Acknowledging the presence of the APC National Organizing Secretary,Senator Osita Izunaso who earlier kick-started discussions at the summit,Saraki assured that the APC government is unwaveringly committed to the social welfare of the people while re-affirming his unalloyed loyalty to the party.He said ''The Senate and the National Assembly as a whole believe very strongly that we must make a difference in the housing sector''.The Senate President,reacting to observations that the existing housing laws need respective amendment and repeal,charged the organizers of the Summit to take a further step by following a document of laws requiring amendments to the National Assembly.''I assure  you that action will be taken stanteneously'', Saraki promised.Saraki asserted that the Senate has commenced the review processes of several laws affecting property rights and access housing in the country.Accrding to him,the review of the National Housing Fund Actis on-going and would be completed before the end of the year.According to the APC National Organizing Secretary,Senator Izunaso,housing defecit in Nigeria is pegged at 17million housing units.Izunaso said ''As at today,only 10 per cent of those who dream to own a house in the country can afford it,as against the 92 percent house owners in Singapore.The central objective of the Summit,however,is to come up with feasible strategies on how to end the problem of homelessness in Nigeria''.Other personalities at the Summit include the representative of the Speaker of House of Reps,the Minister of Power,Works and Housing,Babatunde Raji Fashola,Kano State Governor,Dr Abdullahi Umar Ganduje,Turkish Ambassador to Nigeria,Hakan Cakil,TUC President,Comrade Bobboi Kaigama,among other investors.
Signed
Bamikole Omishore
Special Assistant on New Media to the Senate President.

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