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

DAVIDO,ASSEMBLIES OF GOD,OBASANJO FARMS IN FIRS LIST OF 19,901 ACCOUNTS OWING TAXES.{PHOTOS}.

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     The Federal Inland Service (FIRS) on Monday August 19, published a list of 19,901 accounts yet to update their tax status.
Owners of the 19,901 accounts were given 29 days to pay their tax or see it get deducted from their bank accounts.
The notice read in parts;
“This is to notify all Companies, which had their Bank Accounts placed under Lien by the Federal Inland Revenue Service (FIRS) pursuant to Section 31 of the FIRSE Act, but are yet to regularise their tax status with the FIRS, that if they fail, refuse or neglect to pay the tax due within 30 days of this Notice, the FIRS shall in accordance with Section 49 (2) (a- d) of the FIRSE Act proceed and enforce the payment of the said tax against all the Directors, Managers, Secretaries and every other person concerned in the management of the Companies and recover the said tax from such persons without further notice,” it said.
“For the avoidance of doubt, the above Section authorises the FIRS to proceed against and punish every officer, Manager, Director, Secretary or any person concerned with the management of the Company in like manner as if he/she had committed the offence.”
Some of the accounts published include:
Citiroof Aluminium Co. Ltd
Coldstone Creamery Limited (Yaba)
Davido Music Worldwide Ltd
Grand Square Supermarket and Stores Ltd
Iyiola Omisore & Par
Open Heavens Bliss Enterprises
The Assemblies of God Nigeria
X3M Music Limited
Tiger Foods Limited
Slot Enterprises
Payporte Technology Limited
Visionscape Sanitation Solutions Limited
Erisco Foods Limited Milk Cube account
God is Good Motors (Vehicle sales account)
Hubmart Stores Limited
Obasanjo Farms Nig. Ltd (Feedmill)
United Capital Plc.
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