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 Governor,Mr Akinwunmi Ambode has approved the payment of bursary and local scholarship to Lagos State indigenes in tertiary institutions across the country.Special Adviser to the Governor on Education,Mr Obafela Bank-Olemoh,who made the announcement to journalists today monday,said the bursary would be for fresh beneficiaries and others receiving subsequent payment.He listed the beneficiaries to include 2015/2016 set and other sets receiving second and third payments for the years 2013/2014 and 2014/2015.While stressing the commitmebt of the State Government to sustain the scholarship and bursary scheme in spite of the economic situation of the country,Bank-Olemoh said the Governor is committed to ensuring Lagosians are empowered through education to contribute productively to the local and global economies.He further said that ''the timely released of the awards demonstrates the priority the administration of Governor Akinwunmi Ambode accords to educating its citizens''.Giving a breakdown of the payment,the Executive Secretary of Lagos State Scholarship Board,Mr Steven Oshinowo,explained that the State Government would disburse Two Hundred and Fifty Million,Five Hundred and Twenty-Three Thousand,Two Hundred and Eighty-Seven Nara and Ninety-Nine kobo {N250,523,287.99} to Six Thousand,Three Hundred and Sixty {6,368} beneficiaries as Bursary Award.He also disclosed that One Hundred and Thirty Million,One Hundred and Sixty-six Thousand,Three Hundred and Eighty-Six Naira Fifty-six kobo {N130,166,386.56} in Local scholarships will be disbursed to Five Hundred and Seventy-three {573} successful candidates who tok part in the 2015/2016 Local Scholarship Computer Based Screening test.These sums,according to him,would accommodate the backlog of outstanding bursary and scholarship payments,as well as current awards for fresh and subsequent beneficiaries.The Executive Secretary urged the beneficiaries to exercise patience as disbursement of the funds will commence in three weeks,at which time beneficiaries would be invited to present relevant documentation to receive their bursary of scholarship awards.
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