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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EASE OF DOING BUSINESS: LAGOS LANDS BUREAU HARMONIES FEES

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       The Lagos State Lands Bureau, through the Directorate of Land Services, has harmonized its demand notice/assessment letter to encompass all fees payable for Governor's Consent in the State.
A statement released by the Special Adviser on Urban Development, Mrs. Yetunde Onabule said the harmonization is part of the ongoing efforts to improve the Ease of Doing Business relating to land matters in Lagos.
According to the release, the demand notice now outlines the harmonized fees to include Consent fee, Capital Gain Tax, Stamp Duty, Registration Fee, Neighborhood Improvement Charge, Charting Fee as well as Endorsement and Form 1c charges.
Onabule stated that the new payment schedule affords applicants the opportunity to pay all fees related to the issuance of Governor’s Consent in a single transaction.She said in addition to the newly introduced payment regime, automated searches at the Land Registry are conducted within one hour of submission of any request, emphasizing that it is no longer a pre-requisite for applicants to conduct a title search prior to registration of title documents.The statement affirmed that the newly introduced process has reduced the timeframe for obtaining Certified True Copies(CTC) of land title documents to a maximum period of two hours.
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