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

SARAKI MET WITH MDAs RESPONSIBLE FOR THE WELFARE OF NIGERIAN STUDENTS ON SCHOLARSHIP ABROAD TODAY.{PHOTO}.

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  Senate President Saraki said today that  ''Today, I met with representatives of Ministries, Departments and Agencies (MDAs) responsible for the welfare of Nigerian Students on scholarships abroad who are now stranded due to non-payment of their living allowances and tuition fees by relevant government agencies.
At the meeting, I directed the Federal Scholarship Board (FSB) to present a comprehensive report of all Nigerian students on scholarship abroad and their outstanding entitlements to the relevant committees of the Senate to enable the Senate make Appropriations for their settlement.
Additionally, I have called for a comprehensive review of all scholarship policies in the country — through oversight — in order save Nigeria from future embarrassment.
All concerned parties must realize that we have sent many of our best and brightest minds abroad, hence, we must be able to solve this problem of non-payment of scholarships here at home. Moving forward, we cannot allow bureaucracy, bottle necks, or anything to stop us from paying our students scholarships.
Under the Bilateral Education Agreement (BEA) entered into by Nigeria and several foreign governments, some of the host countries have responsibility for part of the upkeep of Nigerian students – while Nigeria must necessarily fulfill her own part. There is a need for the MDAs to look at our responsibility to our students in the different countries, and devise ways of making good on our part of such agreements.
We must recognise that these students scattered that are currently in dire conditions all over the world, represent a sizable component of the future of Nigeria – her dreams of progress and development.
This is another kind of brain drain, The worst part is, this is a brain drain that benefits no one, not even foreign countries. We are not even losing the best of these students to foreign lands – we are in danger of losing them, period. If we don’t rectify this situation – let me put it bluntly – we would be sacrificing their futures; and that, is unthinkable.
We must ensure that the students that we have sent abroad are able to complete their training and come back home in good time so that they can contribute to the development of our nation. However, as we do this, we must also create sustainable and transparent frameworks for the award and management of these scholarships, to give all eligible Nigerians a chance.The relevant Senate Committees will be having a public hearing to comprehensively review all the issues raised today, and come up with concrete recommendations and actions on the way forward''.
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