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

LAGOSIANS CONSUME N3BILLION FOOD DAILY-AMBODE.{PHOTOS}.


                         Lagos State Governor,Mr Akinwunmi Ambode today thursday said that investors willing to do business in the agric sector in the State can be rest assured of a ready market and returns on investment as the daily consumption of food items in the State is worth over N3billion daily.The Governor,who spoke at the maiden edition of the Lagos Food Security and Exhibition Summit with the theme ''Actualizing Sustainable Food Security in Lagos State: A New,Comprehensive Agenda;, said his administration remains committed in his efforts towards maximising its comparative advantage in the sector to achieve food security.He said Nigeria had no business resorting to importation to feed its citizens,adding that there was no alternative to achieving food security other than tilling the land and embrace best practices that will improve efficiency in the agricultural value chain.The Governor said, ''Our core policy thrust towards achieving food security is to maximize the comparative advantage of the State in agriculture and establish partnerships with other States of the Federation with comparative advantage in specific areas.We have also acquired agricultural land in other neighbouring States of Ogun  and Oyo as well as Abuja.Specifically,500 hectares of farm land has been acquired for rice cultivation in Eggua,Ogun State,84.7 hectares at Okinni in Oshogbo for oil palm processing,among others,'' the Governor said.He said the Lagos Food Security Summit and Exhibition was organized to bring together stakeholders in the Agricultural sector to proffer solutions to the challenges militating against the achievement of food security,noting that the success recorded in the last ''Traffic Summit'' that has eased the traffic situation in the metropolis can be replicated in the area of food security in the state.He therefore said that in the wake of the economic challenges facing the country there was no better time for the nation to review its approach and the redirection of its energies to food production.More photos below.

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