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
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FG TO AMEND ACT ESTABLISHING NATIONAL ENDOWMENT FOR THE ARTS.{PHOTO}.#PRESS RELEASE.

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    The Minister of Information and Culture, Alhaji Lai Mohammed, has said the Federal Government will amend the Act establishing the National
Endowment for the Arts to enable it to play a pivotal role in responding to the demands of the sector, which has been negatively impacted by the Covid-19 pandemic.
The Minister stated this in Abuja on Wednesday, in his opening remarks at the Virtual Forum of the African Union Ministers responsible for
Arts, Culture and Heritage.
''We have decided to amend the Act establishing the National Endowment for the Arts so it can better meet the demands of the sector, which has been greatly impacted by the pandemic.
''The main objectives of the Endowment is to support every medium and area of creative activity in the art, culture and heritage sector as well as to foster professional excellence in the sector,” said Alhaji Mohammed, who doubles as the 2nd Vice Chairperson of the African Union's 3rd Specialized Technical Committee on Youth Culture and
Sport.
He noted that the Creative Industry remains the worst hit by the Covid-19 pandemic because it is audience-centred and, with the socialdistancing, ban on mass gathering and travel restrictions put in place globally, the fortunes of the industry has taken a nose dive.
“This is why we have decided to face the challenges squarely.
Realizing the imperative of having a collective and
government-supported approach in dealing with the situation, we have set up a 22-member stakeholders committee, cutting across art,
culture, heritage, tourism, streaming, music, film, etc., to come up with immediate, short and long term economic stimulus and initiatives for the industry, in order to mitigate the effect of the pandemic on the sector,” the Minister said.
He said the Central Bank of Nigeria (CBN) has also set aside 50 billion Naira for small holder businesses and the Creative Industry to support the industry in the post Covid-19 era.
“I have no doubt that the measures we are putting in place will yield positive results in sustaining the Creative Industry in Nigeria in the days to come. I also look forward to sharing in the experiences from
other member-nations of the African Union in tackling the challenges occasioned by the pandemic,” the Minister said.
The virtual meeting, which was chaired by Alhaji Mohammed, was joined by about 20 Ministers of Arts, Culture and Heritage in Africa, who made presentations.
Segun Adeyemi
Special Assistant To The President (Media)
Office of The Minister of Information and Culture
Abuja
27May2020
PICTURES
The Minister of Information and Culture, Alhaji Lai Mohammed, while chairing the Virtual Forum of the African Union Ministers responsible for Arts, Culture and Heritage in Abuja on Wednesday.
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