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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CONTENTS REGISTRATION: LAGOS STATE FILM AND VIDEO CENSORS BOARD SAYS ''NO CAUSE FOR ALARM''.{PHOTO}.#PRESS RELEASE.

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     In view of misgivings in certain quarters about the proposed registration of contents by stakeholders in the entertainment industry, the Lagos State Film and Video Censors Board (LSFVCB), has assured stakeholders that there is nothing to be anxious about.

A statement released today and signed by the Executive Secretary of the Board, Mr. Dele Balogun, stressed that the initiative is not a stand-alone policy, but an all-embracing plan designed to resolve all current challenges facing the entertainment industry.

He explained that the sector faces challenges of piracy, effective distribution, production, funding, Guilds and Associations' discipline, adding that the initiative also encompasses mass job creation, profitable investments and accelerated development of rural areas.

“The State government, through the Board, plans to rejuvenate the industry and ensure it is duly empowered to function and regularly contribute to the creative and economic well-being of the stakeholders, the investors, the general public and the country as a whole”, Balogun asserted.

While noting that the comprehensive initiative is being perfected alongside wide consultation of the entire spectrum of the industry, the Executive Secretary called on all stakeholders to await the Board's comprehensive new policy and not pre-judge based on the "contents registration" alone.

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