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 N1.6 BILLION TO 311 RETIREES.

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No automatic alt text available.                    The Lagos State Government has released the sum of N1.6 billion as benefit payment to 311 retirees from the Mainstream Civil Service,local Governments,State Universal Basic Education Board {SUBEB},Teachers Establishments and Pemsions Office {TEPO} and other Parastatals of Government for the month of April.The State Commissioner for Establishments,Training and Pensions,Dr Benson Oke Akintola,who disclosed this while speaking at the 38th Retirement Benefit Bond Presentation Ceremony recently at NECA House Auditorium,Ikeja said Governor Akinwunmi Ambode has consistently demonstrated his commitment to the Post-Service welfare of its workers through the Lagos State Pension Commission {LASPEC}.He said the determination of ensuring retirees comfort was the reason for the consistent monthly contribution into the Retirement Savings Account of Public servants by the present administration,adding that it is accorded the same priority as that of payment of salaries.According to Dr Akintola,''It is a positive history that,the Lagos State Government has been winning the National Pension Commission's award for the Best Pensions compliant State in the Federation.We aim to maintain this rating by continuing and improving on the timely payment of all pensions and other applicable benefits to our retiring workers upon disengagement from service''.He further said that the State Government has never failed to remit monthly contributions into the Retiremebt Savings Account of Workers,which,as at March,2017 has ensured that about N78,592 billion had been credited into employees retirees Saving Accounts maintained by ten Pension Fund Administrators.
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