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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OBASEKI MEETS PENSIONERS+REDUCES ARREARS BY N6BN.{PHOTO}.

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      The Governor of Edo State, Mr. Godwin Obaseki, has said the state government has paid off N6billion of the N10 billion pension arrears that accumulated between 1996 and 2000.
 Obaseki, who met with pensioners in the state on Monday to commemorate the 16th Annual National Pensioners’ Day at the Nigeria Union of Journalists (NUJ) Secretariat, Benin City, said the N3.9billion arrears backlog would be cleared before December 2018.
 He said that the arrears accumulated between 1996 to 2000 and the state government has been clearing them in batches, adding, “For state pensioners, we set aside N100 million monthly to address the balance of about N3.9 billion. We will increase this amount as the state revenue profile increases.”
 He explained that when his administration came on board, local government councils were unable to pay pensions, hence the state put up measures to enable them generate revenue, which, he said, is gradually yielding positive results.
 “We didn’t want to have challenges in the payment of pension anymore. So, we moved from the old system to the contributory pension scheme. You have a governor who understands the pension problem and the only way to resolve this problem is for us to work together,” he said.
 On Paris Club refunds, the governor said the state and local government councils got the fund, which was used to pay salaries and pension arrears.
 The State Chairman of Nigeria Union Pensioners (NUP), Mr Pullen Noruwa, commended the governor for attending the event and setting up an 8-man committee to address pension matters in the state. Noruwa, however, appealed to the governor to increase the N100 million set aside for the payment of pension arrears on monthly basis to expedite action on the settlement of outstanding arrears.
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