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

KWARA RECEIVES N3.66B FEDERAL ALLOCATION,LGs GETS N2.6B FOR JULY TODAY+PARIS CLUB: GOVERNOR AHMED APPROVES RELEASE OF ADDITIONAL N1B TO COUNCILS.

Image result for kwara state governor             The Kwara State Government on Tuesday said it received a total of N3, 669, 988, 263.89 as its share of the federal allocation for the month of July, 2017.
The State Commissioner for Finance, Alhaji Demola Banu, who disclosed this in a statement issued in Ilorin, said that the amount was an increase over the N2, 484, 424, 334.43 the State government got in June.
Banu stated that the sum was made up of statutory allocation of N2, 892, 563, 436.42 and Value Added Tax (VAT) of N777, 424, 827.47.
The Commissioner further revealed that the 16 local governments (LGs) in the State got a total of N2, 600, 159, 007.12 as allocation for July, against the N1, 821, 214, 308.6 they received last month.A breakdown of the allocation figures shows that the LGs got a statutory allocation of N2, 158, 751, 253.97 and Value Added Tax (VAT) of N441, 407, 753.15.
Kwara State Governor, Alhaji Abdulfatah Ahmed has approved the release of additional N1billion to local government councils in the State to offset part of the outstanding salary arrears owed their staff.
This brings to N2billion the total amount of money the State government has released to the local government councils out of the N5.1billion it recently received as its share of the Paris Club refund from the Federal Government. The Governor had also earlier approved the release of N312m to state-owned-tertiary institutions for the payment of salary arrears.

Governor Ahmed gave the approval on Monday at a meeting with officials of the Nigerian Labour Congress (NLC), Trade Union Congress (TUC), Nigerian Union of Local Government Employees (NULGE), Nigerian Union of Teachers (NUT) and Nigerian Union of Pensioners (NUP) in the State.
This is as the governor also assured tertiary institutions in the State that the issue of delayed subvention will become a thing of the past.
The governor stated that the earlier N1b released to the councils should go towards payment of LG workers and pensioners, while the additional N1b should be used to pay staff of the State Universal Basic Education Board (SUBEB).
Alhaji Ahmed further noted that the decision to release additional N1billion to the councils was based on an understanding with the State House of Assembly during a meeting held earlier in the day as the Paris Club refund receipts were state funds captured in the 2017 budget.
The governor added that the decision was also based on the understanding with State Legislators that some of the projects budgeted for implementation in this fiscal year, such as the renovation of the indoor Sports Hall of the Kwara State Stadium, payment of counterpart funding for the construction of classrooms at the primary school level and other payments to State’s pensioners and workers will be suspended in favour of the Local government and SUBEB workers.
Governor Ahmed, however, emphasized that any further inflow to the State government under the Paris Club refund would be used to take care of salaries, pensions and projects that have now been stepped down.
Responding on behalf of his colleagues who were at the meeting, the State NLC Chairman, Comrade Yekeen Agunbiade said the labour leaders are grateful to the governor for acceding to their request by approving additional fundS to the local councils as this will bring relief to workers and pensioners.Similarly, the heads of tertiary institutions in the State, earlier today called to commend Governor Ahmed for approving the release of N312, 191, 101.71 to the institutions to offset salary arrears of their workers. They, however, appealed to the governor to hasten the release of the fourth quarter subvention to the institutions.Image result for kwara state governor

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