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

COVID-19: SANWO-OLU ROLLS OUT ECONOMIC STIMULUS FOR RESIDENTS,TARGETS 200,000 HOUSEHOLDS IN FIRST PHASE.{PHOTOS}.#PRESS RELEASE.

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     Few days after the Lagos State Government issued a stay-at-home directive to residents, in order to curtail the spread of the novel coronavirus, Governor Babajide Sanwo-Olu has unveiled economic stimulus package for the indigent and the most vulnerable in the society.
The stimulus, which comes in food packs, to be distributed to every local government in the State is aimed at cushioning the effect of the fourteen days stay-at-home directive.
Speaking after an on-the-spot assessment of one of the State-owned food banks, located inside the premises of the Ministry of Agriculture and Cooperatives in Agege, Sanwo-Olu said the economic stimulus will reduce the burden of the temporary economic downturn on the citizens caused by the outbreak of COVID-19.
The Governor said the food packs, which were put together by the Ministry of Agriculture and Cooperatives will reach the most vulnerable communities and households across Lagos, saying that the indigents who rely on daily wages will be given priority.
He said: ‘‘We are here for an on-the-spot assessment, of our readiness, to see how we can fast track some of our stimulus package for our citizens. We are all aware that this is a trying time for our citizens and since the partial drop in economic activities, our government deemed it necessary to reach out to the vulnerable ones in the society. These people are those that fall below the pyramid, the aged and the physically challenged who need to move from one part of the city to another for them to have a living. We felt that as a government, the least we can do is to identify them and give them these stimulus packages immediately.’’
The Governor stated that the package will touch at least 200,000 thousand households in the first phase, saying the food packs are produced for a size of six people per household and would last for at least fourteen days.
“We have packaged dry food stimulus for about two hundred thousand families in the first instance for a household of husband, wife and about four children. We would be giving bags of rice, bags of beans, garri, bread, dry pepper and we are trying to see if we can add water and some elements of vitamin C. Each ration, we believe is going to be able to last them at least minimum 14 days just so our advocacy around stay at home, stay with your loved ones will be respected.
“This is a catalytic initiative of our administration with the hope that well-meaning corporate organisations and private individuals can step up to complement the efforts of the government’’ Sanwo-Olu said.
The Commissioner of Agriculture, Prince Gbolahan Lawal earlier said the Government would be working with the existing database of the state - using the Lagos State Social register and 4000 community development association register in 377 wards.
He said the economic stimulus is part of Governor Sanwo-Olu’s administration’s initiatives tailored towards ensuring that food security is sustained in Lagos.More photos below.
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