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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KANO ELDERS PETITION BUHARI OVER GANDUJE'S INSISTENCE TO TAKE CHINA LOAN.{PHOTO}.#PRESS RELEASE

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By Rahaman Abiola

28th August 2020

- Kano elders have raised an alarm over the state government's insistence to collect Chinese loans - The elders said Governor Umar Ganduje wants to plunge Kano state into indebtedness which generations coming may not be able to bear - Coming under the auspice of Kano Unity Forum, the elders have called on President Muhammadu Buhari to intervene. Kano elders under the auspice of Kano Unity Forum (KUF) have written a petition against Governor Abdullahi Umar Ganduje over his insistence to take about N300 billion for a light-rail project. In a petition signed by former presidential aspirant and chieftain of the All Progressives Congress (APC), Bashir Tofa, which was directed to President Muhammadu Buhari, the Kano elders raised an alarm that Ganduje is taking to a path that may plunge Kano into internal debts. Legit.ng gathers that the petition was also addressed to the National Assembly, the office of debt management, and Federal Ministry of Finance. The elders argued that the loan is unnecessary and Ganduje’s light rail project is rather shrouded secrecy. Kano elders have raised an alarm over state government's insistence to collect Chinese loan. They warned that generations coming may find it difficult to bear the brunt of Ganduje's missteps, adding that at the time Nigeria is faced with financial difficulties, more social projects should be the priority of the government. The elders want President Buhari and concerned stakeholders in the Nigerian government to stop the current Kano government from plugging the state into multiple indebtedness.

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