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

LEAD BY EXAMPLE,PUBLISH YOUR SPENDING-PDP CHALLENGES BUHARI PRESIDENCY.{PHOTO}.#PRESS RELEASE.

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     December 16, 2019
Press Statement
Lead By Example, Publish Your Spending - PDP Challenges Buhari Presidency
The Peoples Democratic Party (PDP) challenges the Buhari Presidency to lead by example by publishing details of its spending and financial transactions as an impetus to enforce its financial reporting directives on Ministries, Departments and Agencies (MDAs).
The party also tasks the Presidency to publish details, including the beneficiaries, the purpose and the amount of each payment, in line with the Presidential directive to the MDAs.
The PDP says it is not enough for President Muhammadu Buhari to issue spending directives to MDAs, without his Presidency, which received billions of naira in budgetary allocation, leading by example.
Nigerians deserve to know how much is allocated to the Presidency, the various expenditure subheads, process of award of contracts, the contractors, the beneficiaries, amounts paid and payment system.
Perhaps such would explain why certain individuals who are close to the Presidency live in ostentatious opulence and flaunt very expensive lifestyle in the same country where millions of citizens wallow in abject poverty, hunger, homelessness and disease.
It is worrisome that the Buhari Presidency has failed to make details of its yearly budget and expenditure public, despite several demands for openness, which raises anxieties and allegations of huge sleazes and corrupt concealments against certain officials and cabal in the Presidency.
The PDP recalls several ugly scenarios around the Presidency, including that arrest, in October, of a suspected scammer, Abdulrauf Illyasu, who even enjoyed an office accommodation within the safety and cover of the Presidential villa.
This is in addition to the arrest of a said confidant of Mr. President, Nasir Danu, at Heathrow Airport, United Kingdom, for alleged international passport scam and money laundering while allegedly ferrying currencies for persons said to be close to the Presidency.
The PDP also reminds Nigerians of the case of the former aide to the First Lady, Mr. Baba-Inna, arrested for alleged financial fronting as well as the confession of one Amina Mohammed who, while being paraded by the Department of State Services (DSS) in 2018, stated in public that persons close to the Presidency were involved in serial fraud and looting of public resources under the cover of the some elements in the Presidency.
The PDP therefore challenges the Presidency to clear these anxieties by opening up and publishing details of its budget and expenditure for Nigerians to see.
Signed:
Kola Ologbondiyan
National Publicity Secretary.
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