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

SANWO-OLU WILL NOT ABANDON ONGOING PROJECTS IN LAGOS-AMBODE.{PHOTOS}.#PRESS RELEASE.

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       Lagos State Governor, Mr Akinwunmi Ambode on Thursday assured that the Governorship candidate of All Progressives Congress (APC) in the State for the 2019 general elections, Mr Babajide Sanwo-Olu will not abandon ongoing projects but rather complete and build on the enduring legacies already put in place by his administration.
Governor Ambode, who said this while inaugurating an ultra modern lecture theatre donated to the Lagos State University (LASU) by businessman and philanthropist, Mr Remi Makanjuola, said while efforts were on to complete all the major projects initiated by his administration, Sanwo-Olu would nonetheless complete those ones he is unable to deliver before the expiration of his tenure next year.
“I am so excited about the fact that Mr Sanwo-Olu has actually come out here and he has issued a promissory note and what that mean is that we are going to have a government of continuity.
“For whatever structures that we have in LASU right now, and I’m going to also convince our chief negotiator, Dr Wale Babalakin, we are already doing Senate building here, we are doing Students Arcade and we are also doing the Library, I hope I will be able to complete and finish them but if I am unable to complete them, I speak on behalf of Mr Sanwo-Olu that he will finish and also do the Staff School.
“We are not campaigning yet but truly that is the spirit of the kind of governance that we bring to Lagos; that is the spirit that we really want to see and then we should be able to show leadership in all spheres of life that we find ourselves,” Governor Ambode said.
Speaking on his administration’s intervention in the educational sector, he said in the last three and half years, at least N15billion has been invested in revamping infrastructure in schools across the State to ensure students can learn in a conducive environment, while 3,400 primary and secondary teachers were employed to improve the teacher to student ratio as well as quality of learning in schools.
The Governor said beyond the upgrade of infrastructure, the State Government developed innovative solutions to bridge gaps in education system, and to position Lagos State for a technology-driven future including the ReadySetWork and CodeLagos initiatives, noting that while 34,000 students have graduated from the former, the latter is geared towards teaching one million Lagos residents to code.
“At the grassroots level, faced with the realization that about 3 million Lagos residents could not read or write in any language, we commissioned Eko Nke Koo (Lagos Is Learning), an initiative aimed at raising the literacy rate in Lagos State from its current 87% to 95%.
“Through Eko Nke Koo, the Lagos State Agency for Mass Education increased the number of adult literacy centres across the State from 532 centres in 2016, to 782 as at January 2018.
He said in LASU, his administration had also carried out notable projects targeted at ensuring the institution remains academically competitive, financially viable, and most importantly, conducive for learning.
The Governor noted that last year, the State carried out major infrastructure development and road works to give the school a facelift befitting of its status as one of the top State Universities in the country, while it had also benefited from a significant increase in subvention to assist in ensuring smooth running of the school.
He disclosed that he had approved for the development of a 6,000 bed hostel which according to him, will increase accessibility and improve security for students in the institution, as the demand for higher education continues to grow.
“Reflecting on these investments, I must acknowledge it has been the privilege of this administration to build on the works of visionaries who came before us; and to be given the opportunity to raise the mark higher as we look ahead to a bright future for our State and Country,” Governor Ambode said.
The Governor also seized the occasion to commend the Makanjuola for donating the ultra-modern lecture hall to the institution, saying that the gesture would forever be remembered by generations.
“It has also been a true privilege and honour to work alongside collaborators - whether large scale organizations or well-meaning individuals in society - who recognize their role in State and Nation building, and have worked tirelessly to support the efforts of government.
“Today’s occasion is symbolic of this citizen-partnership. Indeed, Mr. Makanjuola has sown a seed that would outlive him by bequeathing this Ultra-Modern lecture Theatre to the University. Sir, this is a gesture that will be remembered for generations and for that we are eternally grateful. And in the same vein, on behalf of the Government and people of Lagos State, and the entire Lagos State University community, I say a very happy birthday to you, Sir. In another 48 hours, our philanthropist will be 70 years old. Congratulations, Sir,” he said.One more photo below.
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