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

ACCOUNTABILITY IS OUR WATCHWORD, SAYS PRESIDENT BUHARI TO ACCOUNTANTS.{PHOTOS}.#PRESS RELEASE.

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     President Buhari receives in courtesy visit President and Member of the Governing Council of Association of National Accountants of Nigeria (ANAN) in State House on 12th Oct 2018
ANAN visits: President Buhari with L-R: Secretary ANAN Hajia Zuwaira Kishimi, 1st Vice President Prof. Muhamma Mainoma, President of ANAN Alhaji Shehu Ladan, Chief of Staff Abba Kyari and SGF Boss Mustapha as he receives in courtesy visit President and Member of the Governing Council of Association of National Accountants of Nigeria (ANAN) in State House on 12th Oct 2018.
PRESS RELEASE.
ACCOUNTABILITY IS OUR WATCHWORD, SAYS PRESIDENT BUHARI TO ACCOUNTANTS
President Muhammadu Buhari Friday in Abuja said his administration remains focused and more energized in ensuring accountability in the country, noting that enforcing the Treasury Single Account (TSA) was not optional for growth.
Receiving executives of the Association of National Accountants of Nigeria (ANAN) led by Alhaji Shehu Usman Ladan at the Presidential Villa, President Buhari said insistence on the financial structure required much sacrifice and focus on the part of the government as “accountability’’ was no longer optional.
“One of the cardinal objectives of this administration is that people and all government institutions must give account for what comes in and goes out.
“We did not introduce TSA, but we enforced it. TSA makes a lot of sense that you must have to give account for whatever comes in and goes out in government finance; that’s accountability,’’ the President said.
President Buhari urged accountants to remain focused and support the government in the ongoing fight against corruption, warning that they might not be liked by many people because of their professional ethics, but the sacrifice was necessary for the country to grow.
In his remarks, Alhaji Ladan, who is the President of ANAN, commended President Buhari for the laudable achievements in ensuring an inclusive and strong economy by plugging leakages, and making youth empowerment and infrastructure top priority.
“This government has instilled fiscal discipline by plugging leakages,’’ he said, adding that Nigeria’s image in the comity of nations had also improved significantly, attracting more Foreign Direct Investments.
The ANAN President noted that the President’s assent to the Not-Too-Young-To- Run bill further encouraged youth participation in governance.
He said the fight against terrorism was commendable as the Boko Haram insurgents had been degraded, extoling the administration’s effort in getting the economy out of recession, and repositioning it for diversity through agriculture.
“Your second term, Mr President, will bring more succour to Nigerians,’’ he added.
Femi Adesina
Special Adviser to the President
(Media & Publicity)   
October 12, 2018

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