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 TO SUPPORT UPWARD REVIEW OF AMNESTY PROGRAM FUND-SARAKI.

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                       Senate President,Dr Abubakar Bukola Saraki today {saturday} said the Senate will support any proposal from the executive to increase the fund slated for the amnesty programme in the 2016 Appropriation Act,.
Saraki who was speaking to journalists at the Presidential Villa after the Change of Guards ceremony to mark the nation's 56th Independence Anniversary said any plan by the executive to calm the frayed nerves in the Niger Delta and increase oil production so as to earn more money for the country to get out of the current economic recession will enjoy the support of the National Assembly.He reiterated the position of the Senate in its 20 point-solution to the economic recession billed to be presented to President Muhammadu Buhari that government should engage in constructive dialogue with the militants who are making oil production difficult.''Any positive move to restore peace in the restive Niger Delta region as well as increase the nation's ability to earn more money at this point will enjoy the support of the Senate.We need to earn more foreign exchange and inject more money into the system through dpfunding of development projects to reflate our economy and put more people to work'',Saraki said.
The Senate had in its recommendations also asked the President Buhari to appoint a Special Adviset that would lead the government engagement team in dialogue with the aggrieved Niger Delta Militants to ensure the protection of Nigeria's oil and gas assets.
 In the 20-point solution the Senate stated ''This team should include Senators from the zone,and should oversee and advice on all the interventions and negotiations that are necessary to bring peace and stability to the Region''.
It tasked the Federal Government to ensure that all cases of unwholesome practices in the export of crude oil are vigorously pursued and dealt with decisively.It further mandates the Federal Government to ensure that all cases involving unaccounted oil exports are pursued with vigour and culprits brought to book.

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