LAGOS COURT JAILS NOGASA CHAIR, FATUYI PHILLIPS 21 YEARS FOR N43. 5M FRAUD. (PHOTO). #PRESS RELEASE

Image
 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

LAGOS,MALAYSIA PARTNER ON INVESTMENT PROMOTION.#PRESS RELEASE.

No photo description available.
    The Special Adviser to the Lagos State Governor on Sustainable Development Goals and Investment, Mrs. Solape Hammond has disclosed that plans have been put in place by the State Government to begin investment promotions with the Malaysian Government towards the attainment of the Sustainable Development Goals.
Hammond disclosed this at a meeting held recently in her office with a delegation of the Malaysia High Commission, led by the Trade Commissioner in Nigeria, Mr. Mohd Khairy Maidin.
She noted that Malaysia’s readiness to partner with the State in harnessing investment opportunities will be beneficial to both governments, stressing that investment opportunities will be identified in key sectors that can aid the achievement of the Global Sustainable Development Agenda.
“Lagos is ready to embrace any collaboration aimed at delivering tangible investments that can guarantee a better life for the majority of our people. The State Government is working round the clock to ensure that every Lagosian lives a decent life by having seamless access to basic necessities of life and this can only be achieved through execution of the 17 goals in the Global Sustainable Development Agenda”, she enthused.
The Special Adviser stated that efforts have reached an advanced stage for some officials of the Agency to go on trade visit at the instance of the Malaysia Investment Development Agency to understudy its global best practice for Investment Promotion, Aftercare, Global Outreach and Partnership.
In his remarks, the Trade Commissioner of the Malaysia High Commission who led the delegation, Mr. Khairy Maidin, noted that the Government of Malaysia is glad to partner with Lagos State Government in its desire to drive meaningful investments that can impact positively on the lives of Lagosians.
He recalled that having been adjudged the 5th biggest economy in Africa, Lagos should always be an investors’ delight, stressing that every responsible government looking for a potential investment destination should be willing to partner with the State.
The Trade Commissioner intimated the Office of the forthcoming Selangor International Business Summit 2019, which will hold in Malaysia between 8th and 13th October 2019, revealing that the five-day event will feature the Selangor International Expo, Selangor Business Conference as well as Selangor Smart City and Digital Economy Convention.
While inviting the Lagos State Government to have a strong representation at the event, he said the summit will act as a platform to create and connect with local and foreign multinational corporations, small and medium enterprises as well as entrepreneurs - all in one place.
Speaking in the same vein, the President of Nigeria-Malaysia Business Council, Dr. Micheal Aderounmu expressed the need for Lagos to form a partnership with Malaysia, envisaging that the relationship will promote immense commercial and cultural ties towards the development of both economies to foster great economic growth.
No photo description available.

Comments

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

SSANU, NASU THREATEN STRIKE OVER WITHHELD SALARIES. (PHOTO).