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: FG GRANTS 2-MONTH LICENCE-FEE WAIVER TO BROADCAST STATIONS.{PHOTOS}.#PRESS RELEASE.

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     The Minister of Information and Culture, Alhaji Lai Mohammed, has announced the granting of a two-month licence-fee waiver for terrestrial broadcast stations in the country by the National Broadcasting Commission (NBC), as part of efforts to ease the negative effect of the COVID-19 pandemic on the broadcast industry
The Minister, who stated this at a meeting with the Broadcasting Organisations of Nigeria (BON) in Abuja on Wednesday, also announced the setting up of a committee of Creative Industry stakeholders to
look into and advise the Federal Government on the best way to mitigate the effect of the pandemic on the industry.
“Before I announce the terms of reference of the committee, let me say that in the interim, I want to announce that I have approved the request by the National Broadcasting Commission (NBC) to grant a two-month licence-fee waiver for terrestrial broadcast stations in Nigeria.
“I make bold to say that while BON members have been hit hard by the current pandemic, they are not alone. In fact, the entire Creative Industry, which also covers the Broadcast Industry, has been affected by the pandemic that has inflicted extensive damage on the economy of nations across the world,” he said.
Alhaji Mohammed stressed the need for a collective and government-supported approach in dealing with the immediate, short and long term palliatives and initiatives for the industry, in order to mitigate the effect of the pandemic on the Industry.
“We have therefore decided that instead of addressing this problem piecemeal, we should do so holistically for a more positive outcome,''
he said, noting that the Creative Industry is a very critical sector of the nation's economy and a major plank of the economic diversification policy of this Administration, in addition to creating the highest number of jobs after Agriculture.
The Minister said the terms of reference of the committee include to assess the expected impact of the pandemic on the industry in general
and advise the Government on how to mitigate job and revenue losses in the sector as well as to create succour for the industry small businesses.
The committee is also to suggest the type of taxation and financing that is best for the industry at this time to encourage growth and also advise the Government on any other measure or measures that can be undertaken to support the industry.
The committee has Ali Baba, a renowned Comedian, as Chairman while Anita Eboigbe of the News Agency of Nigeria will serve as Secretary.
Other members of the Committee include Bolanle Austen Peters, Charles Novia, Segun Arinze, Ali Jita, Baba Agba, Kene Okwuosa, Efe Omoregbe,
Prince Daniel Aboki, Chioma Ude, Olumade Adesemowo, Dare Art Alade and Hajia Sa'a Ibrahim.
Representatives of the Fashion, Publishing, Photography as well as Hospitality and Travel sectors are also to be included in the committee, which has four weeks to submit its report.
In her remarks, the Chairperson of BON, Hajia Sa’a Ibrahim, who was represented by Sir Godfrey Ohuabunwa, called for urgent mitigating
measures for broadcast stations in the country which, she said, have all suffered huge revenue losses due to the pandemic.
She disclosed that privately-owned broadcast stations have contributed over N2 billion worth of airtime, free of charge, for public sensitization and awareness campaign for the containment of the
disease in Nigeria as part of their Corporate Social Responsibility.
Segun Adeyemi
Special Assistant To The President (Media)
Office of The Minister of Information and Culture
Abuja
6 May 2020
PICTURES
PIC 1: The Minister of Information and Culture, Alhaji Lai Mohammed,(middle); Special Assistant to the President in the Minister’s Office, Mr. Segun Adeyemi (left) and the Acting Director General of the National Broadcasting Commission, Prof. Armstrong Idachaba, at a meeting with the Broadcasting Organisations of Nigeria in Abuja on Wednesday.
PIC 2: The Minister of Information and Culture, Alhaji Lai Mohammed, at a meeting with the Broadcasting Organisations of Nigeria in Abuja on Wednesday.One more photo below.
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