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

LAGOS STATE IS NOT PRIVATIZING WATER CORPORATION-ADEJARE.

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          The Commissiner for the Environment,Dr. Babatunde Adejare disclosed this today at the monthly Press Briefing of the Ministry of the Environment,organized to inform and enlighten the general public on the activities of the State government concerning the environment.Adejare stated that rather than privatize,the State government would collaborate with Interested private individuals or organisations to build water works under a Public Private Partnership arrangement in which the private sector partner would build,operate and charge reasonable amount for their services.he said this move became necessary as the cost of building single water works had skyrocketed due to the exchange rat volatility,whereas government has limited resources with competing needs across sectors.''We cannot afford to stick to the status-quo as are battling with vector-borne diseases and we need to sort out the issue of appropriate pricing.Currently Water Corporation charges 5k per liter against N00 per liter charged by the local water vendor'',he said.Adejare maintained that water supply in the State was being given a new lease of life as most of the water
  water works such as Ishasi,Adiyan and Iju Waterworks now produce and supply uninterrupted water to Lagosians upon the repairs of equipment and restoration of power supply,saying government is finding a lasting solution to billing problems as well.While restating the policy of Lagos State Government on cleaner and sustainable environment,the Commissioner said government infractions and would not relent in bringing about a sustainable environment.he also reaffirmed the policy of zero tolerance on street trading and hawking in the State,warning violators of environmental laws to desist or incur the wrath of the law.
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