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
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FG WILL TAKE 100M NIGERIANS OUT OF POVERTY IN 10 YEARS BY GOD’S GRACE, SAYS OSINBAJO.#PRESS RELEASE.

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 Image result for osinbajo    OFFICE OF THE VICE PRESIDENT
PRESS RELEASE
FG WILL TAKE 100M NIGERIANS OUT OF POVERTY IN 10 YEARS BY GOD’S GRACE, SAYS OSINBAJO
Below are excerpts of Vice President’s remarks during a visit Thursday afternoon at the palace of the Emir of Gwandu, Alhaji Muhammadu Bashar in Kebbi State.

I want to thank you very much for hosting us today, we are here for several things; the MSMEs, look at the new markets that have been rebuilt after the fire and for some of the schemes that have taken place. One of the very important schemes is what is called the Government Enterprise and Empowerment Programme, which has the TraderMoni and MarketMoni. TraderMoni is the scheme where we give petty traders, N10,000, and when they pay back, N15,000, then N20,000 and it goes on and on to N100,000.

The President’s desire for this programme is that every hard-working citizen of this country should be able to have some support from government, no matter how little their inventory.
Today, at the market, I passed a woman who was selling vegetables and I asked her how much her whole inventory was, the whole thing was N500. It is for such people, such petty traders that the TraderMoni N10,000 is meant so that they can buy more.
The President has promised that by the grace of God, we are going to take 100 million Nigerians out of poverty in the next 10 years and I believe very strongly that we are going to achieve it, but we can only achieve it with the able support of the State Governments.

Laolu Akande
Senior Special Assistant to the President on Media and Publicity
Office of the Vice President
12th September 2019.
No photo description available.

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