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 SIGNS 'MOU'' TODAY WITH AWIEF ON $300M FUND TO EMPOWER WOMEN ENTREPRENEURS.{PHOTOS}.

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          Lagos State Government today tuesday signed a Memorandum of Understanding {MOU} with African Women Innovation and Enterpreneurship Forum {AWIEF} expected to facilitate the process of ensuring that women entrepreneurs have access to $300 million fund to boost their businesses.The State's Commissioner for Economic Planning and Budget,Mr Akinyemi Ashade,who disclosed this to journalists yesterday at a media briefing at the Bagauda Kaltho Press Centre in Alausa,said the $300 million is a women's Economic Empowerment Fund set aside by African Development Bank {AFDB} for empowering Africa women.Ashade said ''Lagos Women Economic Empowerment Initiative {LAGOSWEEIN} is an initiative designed for the women of Lagos state for the purpose of ensuring enterpreneurial capacity building,business skills upgrade and preparedness as well as to facilitate access to finance and other services within the framework of affirmative Finance Action.Today's signing of partnership agreement is a milestone between Lagos State and AWIEF and all women in the state.This partnership is reaching a major step in line with Governor Ambode agenda for women in the state,towards their strategic economic empowerment''.The commissioner further explained that the other partnership highlights include training,business coaching and technology transfer of the women through a detailed standard operating procedure. One more photo below.
                

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