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
The Minister of Power,Works and Housing,Mr Babatunde Fashola,has assured the OgunState government of the refund of N124 billlion spent on the construction of Federal Roads across the state.Mr Fashola gave this assurance in Abeokuta,the Ogun State capital,on Friday,after he led a team from the Federal Ministry of Works and Housing to Ogun State on an inspection and assessment tour of the federal roads and the ongoing Housing project of the Federal Government in the state.The Minister,who expressed satisfaction with the quality of the roads and flyover inspected,revealed that the President Muhammadu Buhari-led government would adequately reimburse the state.Speaking on the plans of the Federal government in the Housing sector,Mr Fashola disclosed that his ministry has started the construction of Federal Housing units along Ajebo road in Abeokuta wwhile another one located at the media village is ongoing.The Minister also added that his ministry has also intervened in the Magboro area of the state which had no electricity for several years with the laying of cables and the provision of power plant.On his part,the Ogun State Governor,Senator Ibikunle Amosun thanked the Federal government for working its talk especially on the reconstruction of the Lagos-Ibadan expressway.Governor Amosun called on the Federal government to intervene on some other Federal roads that require urgent attention in the state.In thiss respect,the Governor mentioned the likes of Papalantoro-Ilaro road,Lafenwa-Ayetoro road,and Lagos-Abeokuta old road among others.Governor Amosun also seized the occassion to mention thee fact that no other state in Nigeria has the number of industries that Ogun State currently has.He added that in view of this,Ogun State contributes almost 40 per cent into the Federal purse.Governor Amosun said this should naturally necessitate the need to review the federal allocation sharing formula that comes from the non oil sector in order to adequately compensate Ogun.
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