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
In fulfilment of his campaign promise that his administration would come up with a new housing policy that will make all residents in the State have access to shelter irrepective of their social status,tribe or income,Lagos State Government has uveiled affordable housing units spread across the three Senatorial Districts.Speaking at the unveiling of the new housing policy in Epe,Governor Akinwunmi Ambode stated that the policy was in line with the set objectives of his adminstration to make life more comfortable and easy for all Lagosians irrespective of their status,tribe or level of income.He said the initiative,tagged: ''Rent-To-Own and Rental Husing Policy'' represented an improvement on the Lagos Home Ownership Mortgage Scheme inherited from the previous administration,under which a beneficiary was required to make an initial payment of 30% as equity contribution with monthly payment of the balance spread over a period of 10 years.The Governor,who was represented at the event by his Deputy,Dr. Idiat Oluranti Adebule expressed happiness that the new housing policy would benefit low income earners,traders and the general masses,adding that the feedback from from the general public on the previous Lagos Home Ownership Mortgage Scheme indicated that there was a need to review the former policy such that more people will have the opportunity to participate in the process.Ambode disclosed that government has put necessary measures in place to ensure total transparency in the procedure and allocation of flats to prospective owners,warning members of the public to follow the normal guideline and not pay a dime to any individual or agent as bribe,stating that the scheme is aimed at alleviating the housing problem of the masses and not a way of extorting them.''I want to assure the people of Lagos State that the selection process will be credible,fair and transparent,you therefore don't need to know anyone in government to apply for the home ownership programme'', he emphasised.
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