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

THE SENATE IS WORKING TO REPOSITION THE TRANSPORT SECTOR-SARAKI.

Image may contain: 1 person, sitting            Senate President,Dr Abubakar Bukola Saraki,has said that the Senate is presently working on critical legislation to reposition the nation's transportation sector.
Saraki disclosed this when the National Executive Committee of the Road Transport Employers Association of Nigeria {RTEAN},led by its National President,Alhaji Abubakar Sadiq visited him in Abuja.The Senate President who was decorated as the Grand Patron of the association by Sadiq,during the visit,according to a statement by his Chief Press Secretary,Sanni Onogu,stated that the National Assembly,under his leadership,will spare no effort to ensure that the transport sector is working effectively.
Saraki said: ''In the Senate already,our main focus is to see how we can encourage more private sector participation in the transport sector and that is why we have about six different bills in the transportation sector.They include the Transport Commission Bill,Federal Roads Authority Bill,All these are meant to improve the Transport sector and help businesses in the country,'' he said.He said that the National Assembly will continue to encourage entrepreneurs to manufacture cars locally at affordable prices.''We still believe that we can provide the enabling environment that will make the price of new vehicles almost the same as some of the second hand cars that are being imported to check the idea where vehicles that have been condemned in other parts of the world are brought here,he said.
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