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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FAAC: KWARA GOVT RELEASES DETAILS OF AUGUST ALLOCATION.

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Image result for kwara state governor         The Kwara State government has released its federal allocation figures for the month of August, 2017.
In a statement issued on Tuesday evening, the State Commissioner for Finance, Alhaji Demola Banu said that the State government got a total of N2, 539, 578, 771.7 as allocation for August, against the N3, 669, 988, 263.89 it received in July.
Banu disclosed that the sum was made up of a statutory allocation of N1, 777, 655, 814.85 and Value Added Tax (VAT) of N761, 922, 956.83.
The Commissioner also announced that the 16 local governments (LGs) in the State received a total of N1, 857, 345, 628.1 as allocation for August. This is against the N2, 600, 159, 007.12 they received last month.Giving a breakdown of the figures, Banu revealed that the LGs got a statutory allocation of N1, 424, 951, 058.78 and Value Added Tax (VAT) of N432, 394, 623.32, making a total of N1, 857, 345, 682.1.
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