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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LASG PAYS N1.181BILLION INTO THE RSA PG 279 RETIREES.#PRESS RELEASE.

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    The Lagos State Government has disbursed the sum of N1.181billion accrued pension rights into the Retirement Savings Accounts of another batch of 279 retirees of its Civil Service.
The Director-General, Lagos State Pension Commission (LASPEC) Mrs. Folashade Onanuga made the disclosure at the 68th Retirement Benefit Bond Certificate presentation ceremony held on Tuesday in Alausa, Ikeja.
She affirmed that the present administration is committed to the regular payment of retirees’ benefits to ensure that beneficiaries do not undergo financial pressure after meritorious service to the State.
Onanuga assured the retirees of the government’s interest in their wellbeing in old age, noting that the issue of backlog payments was being addressed as additional funds would soon be released in tranches for further payments.
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