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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LAGOS RELEASES N466.86M AS PENSION TO 187 RETIREES.

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     The Lagos State Government has again credited N466.855m to the Retirement Savings Accounts of 187 of its retirees, including those of the State Universal Basic Education Board (SUBEB), under the Contributory Pension Scheme for the month of July 2018.
The State Commissioner for Establishments, Training and Pensions, Dr. Akintola Benson-Oke, who disclosed this recently, stated that in spite of the scarcity of funds, Governor Akinwunmi Ambode prioritises the payment of pensioners by making sure funds are released every month for payment of their entitlements.
He said the present administration had so far paid more than N38.5 billion to 9,401 retirees.
The Director-General, LASPEC, Mrs. Folasade Onanuga in her welcome address said that the Lagos State Government will continue to play the ‘mother-hen’ role, by ensuring the regular payment of pension benefits to retirees as at when due.Onanuga used the opportunity to advise retirees on the importance of putting their houses in order for any eventuality by making sure they write their WILL whilst they are still active, imploring them to also be active in retirement, to sustain their good health.
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