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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MOU BETWEEN NATIONAL COUNCIL FOR ARTS & CULTURE & BANK OF INDUSTRY WILL CREATE 200,000 JOBS-ALH. LAI MOHAMMED SAID TODAY.{PHOTOS}.

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Image may contain: 3 people, people sitting and text                  Alhaji Lai Mohammed,has said the MoU between the National Council for Arts and Culture {NCAC} and the Bank of Industry {BoI},which makes available 300 million Naira loan for stakeholders in the Creative Industry,will create 200,000 jobs in the Sector.The Minister said this in Abuja today friday when the Director General of the Council,Otunba Olusegun Runsewe,presented to him the MoU,which was signed earlier in the day.''I have been reliably informed that top on the list of the benefits that will accrue from this landmark MoU is that it will create over 200,000 jobs for the sector.This is epochal,and it is in line with one of the cardinal programmes of this administration,which is job creation and empowerment.''-Lai Mohammed.Alhaji Mohammed said the MoU will equally enhance the capacity of producers of cultural products and services to work towards attaining the standard of modern practice in the packaging of their cultural products,to enable them compete favourably at the global markets and earn the nation's Artists a decent living.The NCAC DG acknowledged the leadership role of the Minister,particularly in leveraging on the unique potential of the creative Industry to drive the diversification of the economy away fro oil. ''Today,we have come to make a history-making presentation to the Honourable Minister.Today happens to be a day that will create a change and we are going to tell our story the way it should have been told some feww years ago,''-Otunba.The Minister used the occasion to decorate some journalists with a special pn=in with the inscription: ''Our Culture,Our Pride'',as part of a conscious strategy to mobilise the media to promote the nation's Creative Industry.One more photo below.
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