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

THE SENATE PASSED 5 KEY MOTIONS YESTERDAY READ TO KNOW WHICH ONES.{PHOTO}.

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     The first was on the need for Nigeria to begin the process of constructing Captive Dams in Communities across the country. This will allow us to increase the amount of fresh water that is available in many of our communities, as well as reduce the drilling of boreholes, which have long-term environmental problem;
The second was on the urgent need to control the indiscriminate erection of speed bumps on Nigeria’s federal roads. Speed bumps are effective with regulating traffic, however, the indiscriminate construction of these bumps often leads to the accelerated wear and tear of vehicles. This is why the Senate resolved to direct the Federal Government to remove all indiscriminate speed bumps on federal highways;
The third Motion was on the boundary crisis, which arises from the non-delimitation of Nigeria’s internal boundaries. This often leads to boundary disputes between neighboring communities. This is why today, we resolved to urge the National Boundary Commission to take immediate steps to stop the lingering boundary crisis in Nigeria;
The fourth Motion was on the need to address the regulatory conflicts between JAMB and universities in the admission’s process into tertiary institutions. In order to remove the regulatory bottlenecks in the system, the Senate has resolved to invite the Committees on Education and TETFUND to organize a stakeholders meeting with the Ministry of Education, JAMB and other stakeholders in the education sector to review the UTME issue, come up with solutions and report back to the Senate in 4 weeks;
Finally, we also passed a Motion on the urgent need for the Federal Government of Nigeria to fund our foreign missions. This is because many of our diplomatic mission abroad are facing serious challenges with their inability to pay the allowances, salaries and rent of home-based office. Additionally, there are several hanging threats by a few host countries to revoke the building permits of some properties abroad that belong to Nigerian missions.In this regard, the Senate moved to ensure that immediate action is taken to rectify this problem by working with foreign Ministers, ambassadors and stakeholders to develop solutions to ensure that are missions are adequately funded.
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