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

ALIERO'S COY, CHINA ZHANGHAO RISK PROSECUTION.{PHOTO}.#PRESS RELEASE.


     By Zailani Bappa.

When the committee set up by Governor Bello Muhammad (Matawallen Maradun) to verify inherited assets and liabilities in Zamfara  State came up with the startling figure of N300 billion liability, many sceptics thought it was fake. But then, these liabilities included unexecuted contracts whose funds have been paid.

However, the administration of Bello Muhammad is determined to get back to Zamfarans what rightly belongs to them. Verifyably, today, the same Government is driving home the fact that it meant business. Patiently, the Governor awaited the formation of a Cabinet which was inaugurated this week and held its first meeting immediately

Part of what is contained in tbe report was presented to the EXCO for deliberation and was discussed dispassionately. The meeting took very far reaching decisions which included the revocation of three major contracts, among which included a Company owned by former Governor of Kebbi State, Alhaji Adamu Ailero.
The three contracts revoked are rural electrification project for all the 14 local government areas in the state awarded in 2013 at the cost of over N22 billion. This Contract is only 67% completed.

The second Contract revoked is a first phase of rural water scheme also awarded in 2013 at the cost of over N25.5 billion and was abandoned at 75% completion. The Contract was awarded to China Zhanghao. 

The third aborted contract was the second phase of the rural water project equally awarded to China Zhanghao at the cost of  over N27 billion in 2018 even as the first phase was  not completed five years on. The Council demanded for a return of unused funds back to the State coffers as well. 

Governor Bello Muhammad responded to this development by expressing his disappointment in the contractors and their awardees and warned that failure to comply with the council directives will result in prosecution.

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