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

ALL THE ARTISTES WHO PERFORMED AT ONE LAGOS FIESTA,VISITED GOVERNOR AMBODE TODAY.{PHOTOS}

   Image may contain: 21 people, people smiling, people standing                   Lagos State Gover,Mr Akinwunmi Ambode today tuesday revealed plans of his administration to leverage on the vast economic opportunities in entertainment,tourism and arts sectors,among others to grow the Gross Domestic Product {GDP} of the State and promote talents in the State to compete globally.Speaking at Lagos House,Ikeja when he received artistes who perfomed at the One Lagos Fiesta {OLF},who where on a thank-you-visit,Governor Ambode said the creative industry remained a veritable platform to grow the economy,and that government would tap into it and use it to positively engage the bulging youths in the State.The OLF,which is an annual end of the year revenue put together by the State Government,held simultaneously in five different genres of music.The Governor,who thanked the artistes for their partnership with the State Government,said the OLF was a platform put together by his administration to majorly create awareness about the potentials inherent in the entertainment industry,especially in using it to grow the economy and positively develop talents that abound in the country.
He said according to statistics,the State recorded the lowest crime rate during the period of the OLF,saying tht the artists contributed significantly in keeping the city secured and scale up the international rating of the State as a safe place.He called the Project T.H.E.S.E {Tourism,Hospitality,Entertainment,Sports for Execellence} which was part of campaign promises to Lagosians,saying that his administration remained committed to using the initiative as well as the OLF to grow the economy of the State.He said : ''We have a bulging youth population dynamic in Lagos. 66 per cent of our population are below the age of 35 and if two third are of below 35,it means there is an economy in that age bracket that government is not seeing.The OLF was used to test run how to bring people together.The issue now is beyond OLF,how do we now take that opportunity to become a catalyst for this partnership? On my part,I want to reiterate my commitment.This is an area I love which is underutilized for the societal development of the country.Government is now willing to use your industry to grow its GDP because so far entertainers are working,we would have more visitors coming to Lagos; they will stay in our hotels; they will buy clothes; they will go out in the night and buy our drinks and the ultimate thing i that more taxes come in for the state.So there is a concentric cycle around the energy of entertainers and so what I want is a structured framework.What is it that we should do as government to grow the industry? why should we go and be doing video shoot in South Africa for instance?.I want a win-win partnership not just to use artistes and dump them till another December.I want a yea-round partnership that is built around a framework''.he said.More photos below.
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