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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SENATE PASSES THE AMENDMENT TO AGRICULTURAL CREDIT GUARANTEE SCHEME FUND TODAY.

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                  Senate President Bukola Saraki took to his social media few minutes ago,to announce that ''Delighted that we were able to pass the Amendment to Agricultural Credit Guarantee Scheme Fund today in Nigerian Senate.This bill when signed will go a long way in diversifying our economy towards making it self sustainable,with this Bill,agriculture will take the driving seat to create employment and economic development.We will also take it a step further by forging a legislative frame work to support actualization of this bill to protect credit financiers,oversight on those that will be involved in disbursement as well as ensure that all stakeholders meet their financial obligations''.

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