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

ICAN PRESIDENT AND OTHERS PAID PRESIDENT BUHARI A COURTESY VISIT TODAY.{PHOTOS}.#PRESS RELEASE.

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     President Buhari receives in audience President of Institute of Chartered Accountants of Nigeria (ICAN) in State House on 19th Oct 2018
ICAN at State House: President Buhari receives conference communique from ICAN President Alhaji Razak Jaiyeola as he receives in audience President of Institute of Chartered Accountants of Nigeria (ICAN) in State House on 19th Oct 2018
ICAN at State House: President Buhari with R-L: Minister of Finance Zainab Ahmed, SGF Boss Mustapha, Chief of Staff Abba Kyari, ICAN President Alhaji Razak Jaiyeola, Mrs Comfort Eyitayo, Mrs Queensley Segosime and Hon. Nasir Mohammed as he receives in audience President of Institute of Chartered Accountants of Nigeria (ICAN) in State House on 19th Oct 2018.

REMARKS BY PRESIDENT MUHAMMADU BUHARI DURING HIS AUDIENCE WITH THE INSTITUTE OF CHARTERED ACCOUNTANTS OF NIGERIA (ICAN) ON FRIDAY, OCT 19, 2018.

Protocols:

I would like to start by congratulating ICAN for the recently concluded 48th Annual Accountants’ Conference appropriately themed Securing our Shared Future: A Collective Responsibility

2. In the present circumstances, all hands must be on deck to ensure Nigerians work towards an inclusive, diversified and sustainable future.

3. I am particularly pleased to learn that the communique at the end of the conference talked about environmental issues facing our nation.

4. It is very clear to all of us that climate change and environmental challenges are major threat to the peace and prosperity of our nation and its citizens.

5. In the Niger-Delta region, man-made environmental problems have adversely impacted the livelihoods of the inhabitants. Farmers and fishermen in particular have seen their means of livelihood destroyed. Our assessments have shown it will take decades to reverse this damage. But we have made a start. With or without international cooperation, we are starting to clean up our degraded areas, beginning with Ogoni.

6. In the North Central region, we are also seeing a significant increase in farmer herdsmen clashes. This trend, which is recurring in many West and Central African nations is as a result of desertification.

7. We are also seeing unpredictable rain patterns resulting in significant floods across our riverine communities. These floods have destroyed hundreds of homes and farmlands.

8. As Chartered Accountants, your knowledge of environmental and sustainability business practices is critical. You have a responsibility to ensure your clients, in both the public and private sector, prioritise environmental sustainability in their operations.

9. In the past 3 years, this administration has worked hard to enhance the transparency and efficiency of public sector financing through the Treasury Single Account.

10. We have also introduced policies that are improving the business environment. We have implemented projects that enable young entrepreneurs. We will also continue to review obsolete laws that are hindering growth in many sectors.

11. I want to thank you for all your support and guidance. I will direct the Economic Management Team to review and address the concerns you raised in your remarks, with a view to implementing your recommendations.
12. Finally, be rest assured that we will continue to partner with prestigious institutions like ICAN for the development of this nation.13.
 I thank you all.
More photos below.
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