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

GOV. AMOSUN GIVES RECIPE FOR ECONOMIC BOOM.{PHOTOS}.#PRESS RELEASE.

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       Governor Ibikunle Amosun of Ogun State has emphasised the need for all financial institutions in the country to follow due process in financial transactions for an improved economy.
Amosun, when receiving board members of the Nigeria Deposit Insurance Corporation (NDIC), in his office yesterday, said this will help boost the economy and elevate the status of citizens.
He commended the initiative of the board to establish its regional in the state, noting that majority of the banks are now opening their head offices in Ogun.
Chairman of the board, Mrs. Ronke Sokefun commended the governor for the giant strides of his administration, especially in the areas of infrastructure and the provision of adequate security, which she said has made the state conducive for investors.
The NDIC boss, who stated that the board is saddled with the effective supervision of banking deposits, solicited the support of the governor, who is returning to the Senate, to assist with in the amendment of the pending NDIC bill.
Amosun, who also received the newly elected executive members of the Nigeria Union of Journalists (NUJ), Ogun State chapter, charged them to work for the greater benefit of journalism.
The governor admonished the new leadership not to betray the confidence reposed in them by their members, while also assuring them of his support.
Highlighting some achievements of his administration, Amosun said they include moving the state up to fourth position from 36th in the ease of doing business, second from the 27th position in Internally Generated Revenue (IGR) as well as improved security and infrastructure.
In his remarks, the union's chairman, Comrade Soji Amosu, appreciated the governor for transforming Ogun into an enviable state and the elevation of some journalists to the position of permanent secretaries and heads of parastatals.
Commending the governor for ensuring a robust security in the state, the chairman said before 2011, citizens could not sleep with their two eyes closed.
He stated that no governor has been able to beat his records in terms of support to the union and journalists in the state.More photos below.
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