LAGOS COURT JAILS NOGASA CHAIR, FATUYI PHILLIPS 21 YEARS FOR N43. 5M FRAUD. (PHOTO). #PRESS RELEASE

Image
 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

NBC HAS COMMENCED BROADCAST INDUSTRY REFORM IMPLEMENTATION-LAI MOHAMMED.{PHOTOS}.#PRESS RELEASE.

Image may contain: 12 people, people standing
      The National Broadcasting Commission (NBC) has commenced the implementation of the reforms approved by the President to strengthen the NBC’s regulatory role and make it more effective.
The Minister of Information and Culture, Alhaji Lai Mohammed, disclosed this in Lagos on Friday at a meeting with the Filmic Group,
a platform for Creative Industry Practitioners comprising movie producers, theatre directors and content producers, among others.
“I can confirm to you that the current NBC Management and Board have begun the actual implementation process. I am reliably informed by the Acting Director General of the NBC, who is here with us, that in the
next two weeks, there will be a stakeholder Validation Conference to endorse the new initiatives in the industry, after which the necessary amendments to the Broadcasting Code on Monopoly and Anti-Competition,
unwholesome content on social media and other amendments will be published for the public and the industry,” he said.
Alhaji Mohammed said the process for the amendment of the NBC Act has begun and and that an Executive Bill will soon be sent to the National Assembly for further legislative action.
On improved welfare package for the staff of the NBC, Alhaji Mohammed said the Board of the Commission has received the approved
recommendations and is in the process of implementation.
The Minister, who said the government has shown good faith on the reform of the broadcast industry in order to place it in good stead to achieve its full potentials, urged the stakeholders to partner with the government in order to develop a broadcast industry that will
continue to create jobs and reward talents.
“You can now see that this reform is not a fluke. I therefore want to challenge your group, and other stakeholders, to continue to cooperate with the industry regulator in order to ensure a faithful implementation of the recommendations,” he said.
In his remarks, one of the leaders of the Filmic Group and a prolific movie producer, Mr. Mahmoud Alli-Balogun, thanked the Minister for the implementation of policies aimed at revolutionizing the creative industry and unlocking its huge potentials for wealth creation and employment generation.
“I want to say that since the deregulation of broadcasting in Nigeria, I think what we have today that we are sort of celebrating in advance following its complete passage is a landmark occurrence in the sense that since deregulation, we have had the short end of the stick.
''But with what you have done, Honourable Minister, I think we can begin to sing 'Uhuru' because as content producers, we have been at the mercy of the other people in the value chain,” he said.
Another member of the Filmic Group, Mr. Obi Asika, said with the unfolding of the new policies in the broadcasting industry, within the next couple of years, 50 new viable channels could be floated to provide entertainment and create more jobs, in view of the nation’s huge market and the commitment of the industry players.
The NBC Reforms Implementation Committee submitted its report to the Minister on 19 Nov. 2019 with far-reaching recommendations aimed at strengthening the regulatory role of the Commission and unlocking the
creative ability of Nigerians by abolishing Monopoly and Anti-Competition in the broadcast industry.
The Acting Director General of the NBC, Prof. Armstrong Idachaba, who chaired the Reforms Implementation Committee, accompanied the Minister to the meeting with the Filmic Group
Segun Adeyemi
Special Assistant To The President
Office of The Minister of Information and Culture
Lagos
6 March 2020
PICTURES
Pic 1: The Minister of Information and Culture, Alhaji Lai Mohammed (third right front row), in a group photograph with the Filmic Group,
a platform for Creative Industry Practitioners, when the Minister met with the group in Lagos on Friday.
Pic 2: The Minister of Information and Culture, Alhaji Lai Mohammed (left), a movie producer, Mr. Mahmoud Alli-Balogun (middle) and Mr.
Obi Asika (right) when the Minister met with the Filmic Group in Lagos on Friday.
One more photo below.
Image may contain: 3 people, people standing

Comments

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

SSANU, NASU THREATEN STRIKE OVER WITHHELD SALARIES. (PHOTO).