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
Lagoss State Governor,Mr Akinwunmi Ambode today monday identified the need for States to learn from each other and explore their various areas of strength and strategic partnership to engender economic development.The Governor,who spoke at Lagos House in Ikeja when he received members of the National Economic Council {NEC} Implementation Monitoring Committee on Retreat on the Ecoonomy led by the Minister of State for Budget and National Planning,Hajiya Zainab Ahmed,also urged the Federal Government to create a framework that would allow States to benefit from each other with the view to fostering concentric cycle of growth in the country.Governor Ambode commended the Committee for choosing Lagos as the first State to visit,saying that it was a confirmation of the success of the partnership between Lagos and Kebbi State on commodities production.He said ''The essence of this is that beyond the things that we say in NEC in terms of project,we should be able to find a common platform and a framework that allows every other State to benefit from the Comparative advantage that each State is bringing to the table and the choice of Lagos as the first State to visit by the Committee in terms of the project signified how serious we have been able to carry out most of the things we have been doing and what underscores that is what we have been able to achieve in our little time on the partnership with Kebbi State on commodities production in the country.We believe strongly that the way to go forward is for us to bring out our comparative advantages in our various States and be able to learn from each other.So,I want to recommend to this Committee that beyond the fact that you are doing visitation,let it end up to be part of the framework to work around peer-review mechanism amongst States and then for us to take advantage of what we are doing.So,I want to recommend this template to this Committee that you should observe it and document it also and use it to encourage other States to create that concentric cycle of growth and development in the country,'' Governor Ambode said.More photos below.
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