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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KWIRS REMITS N198M TO KWARA LGS IN 8 MONTHS.

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    A total of N198, 484, 720.96 has been remitted by the Kwara State Internal Revenue Service (KWIRS) to the 16 local government councils in the State between January and August, 2017, being taxes collected on their behalf within the period under review.
The breakdown was contained in a report released by the Revenue Service on Wednesday in Ilorin.
According to the report, the total revenue remitted to the 16 local governments (LGs) in January was N27, 667, 550.98, while in February, N25, 860, 106.14 was remitted to their accounts. For March, they got a total of 28, 353, 648.17.
In April, KWIRS remitted 24, 034, 830.10 to the LGs and 24, 174, 940.23 in May. In June, the LGs received 26, 745, 259.84 and for July, they got a total of 25, 932, 652.15.
However, for the month of August, the revenue that has been remitted to the LGs as at 24th of August stood at 15, 715, 733.35.
A further breakdown of the figures shows that from January to August, Asa LG got a total of N7, 469, 513.16; Baruten LG received the sum of N40, 327, 384.64, Edu LG got N7, 606, 561.00; Ekiti LG received N2, 649, 904.33, while Ifelodun LG got N10,294, 156.54.
Also, Ilorin East got N12, 740, 846.86, Ilorin South; N20, 979, 776.53, Ilorin West; N40, 905, 197.96, Irepodun; N7, 715, 141.67, Isin; N2, 743, 221.00, Kaiama; N12, 368, 829.64, and Moro got N7, 806, 852.97.
Similarly, Offa LG received a total of N12, 785, 521.55, Oke-Ero got N2, 646, 221.00, Oyun N3, 824, 246.00, while Patigi received the sum of N5, 621, 346.16.The report also shows that the LGs have about 18 revenue lines, but KWIRS only collects revenue on behalf of the LGs from average of 12 lines.
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