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

LEKKI/IKOYI BRIDGE CASHLESS POLICY: GOV. SANWO-OLU COMMENDS MOTORISTS.#PRESS RELEASE.

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     Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu has commended motorists in Lagos for their role in ensuring the successful implementation of the cashless initiative at Lekki/Ikoyi toll plaza.
Sanwo-Olu said the impact of the initiative to remove bottlenecks was already being felt, thanking motorists for their cooperation with the government and seeking more compliance.
Speaking through his Commissioner for Transportation, Dr. Frederic Oladeinde, on the implementation, the Governor stated that the cashless policy which commenced on 2nd January 2020, became necessary in order to address constant traffic gridlocks often experienced at that corridor due to the slow process of cash payments at the toll plaza.
He encouraged those who have not yet obtained their e-tags to comply as enforcement will commence after expiry of the two-week extension granted motorists to abide by the new requirements.
The Governor warned that anyone who turns up with cash at the Lekki-Ikoyi toll gate would pay a stiff penalty of N1,000 and not be granted access until completion of the compliance process.
He also cautioned against corrupt practices such as photocopying of payment vouchers for multiple usage or presentation of fake e-payment devices, saying that the State Government would not hesitate to apply the law on any motorist that attempts to frustrate its efforts at improving traffic situation along the Lekki-Ikoyi Bridge corridor.
Recall that the State Government last year announced that it would go cashless on payments at the Lekki/ Ikoyi toll plaza effective from 1st January 2020 due to the excessive delays experienced along the corridor during cash payments.
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