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
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LAGOS RELEASES OVER N582M PAYMENT OF PENSION RIGHTS.{READ}.

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No automatic alt text available.                  The Lagos State Governor,Mr Akinwunmi Ambode has once again approved the release of N582,195 million as payment of entitlements to over 109 retirees for the month of March,2017.The State Government,through LASSPEC has,since the beginning of this administration paid 5,956 retirees from the mainstream Civil Service,Local Government and State Universal Basic Education Board,Teachers Establishment Pensions Office as well as other parastatals and agencies.The Director-General,LASPEC,Mrs Folashade onanuga,who disclosed this during the 37th Retirement Benefit Bond Certificate Presentation Ceremony,held on wednesday,said that by April 2017,the Contributory Pensions Scheme {CPS} would clock 10 years of its commencement in Lagos State.While stating that activities have been lined up to commemorate the decade of the CPS in the State,Onanuga congratulated the retirees and urged them to spend their money judiciously .The Assistant Director,Technical,Mr Olawale Otun took the retirees through the various benefit options available under the CPS and urged them to choose the best option in line with their future plans and aspirations.
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