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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MINISTRY OF YOUTHS AND SPORTS DEVELOPMENT,SETS UP A NEWLY APPROVED FOCAL GROUP.[PHOTO}.#PRESS RELEASE.

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   The Ministry of Youth and Sports Development has set up a Focal Group on the newly approved Nigeria Youth Investment Fund (NYIF). The Focal Group is an assemblage of youth leaders and groups from diverse fields, entrepreneurial experts and individuals with youth development and finance experience.

The NYIF Focal Group is entrusted with processing stakeholders’ views and inputs about the Fund and making same available to the NYIF’s Technical Committee. The group will also provide valuable feedbacks on expectations of the youth generally and deliberate on wide ranging issues around youth entrepreneurship and credit access.

Minister of Youth and Sports Development, Mr Sunday Dare had tasked the Focal Group to “provide useful insights around the challenges faced by youth entrepreneurs and youth with burning ideas and how best they think the fund can assist them. The Nigeria Youth Investment Fund is not just another programme of government. You have the responsibility of coming up with suggestions on how to make NYIF serve the needs of the youth and facilitate turning their ideas into viable businesses, helping them to expand existing businesses.”

The twenty-three-member Focal Group is led by, Oladipo Adebiyi with Mr. Samson Itodo, Executive Director of Youth Initiative for Advocacy Growth & Advancement (YIAGA) as Deputy Team Lead.

The membership of the group include: Thomas Enitan Eleoramo, Funds Manager/Investment Banker; Ife Adebayo, SA Innovation & Entrepreneurship Office of the Vice President; Mrs. Fayo Williams, CEO, Simply Exponential Consult; Mr Abubakar Badre; Mr Olisameka Onyeka; Mrs Yetunde Adeniji and Barrister Usman Bappa.

Others are Mr Gbenga Adeyemo, Youth Development Coach/Journalist; Ubale Nalado, Development Expert, Zainab Haruna, CEO Decipher Solutions; Lukman Edu, Youth Entrepreneur/Lawyer; Bella Amadi, Founder, Girls Lead Hub; Oguamanam Jacqueline; Amina Abdulsalam; Tayo Olusunde, Executive Director, Mind the Gap; Mubarak Mijinyawa, Speaker, Nigerian Youth Parliament; Morakinyo Oladotun Ebenezer; Sokubo Sara-Igbe Sokubo, President, National Youth Council of Nigeria; Aisha Usman; Joel Ogunsola; Obi Ozor, CEO Truck 360; and Idris Olorunnimbe, Member- Lagos State Employment Trust Fund.

A.B.LERE-ADAMS
DIRECTOR-PRESS/
Media Office of the Honourable Minister of Youth and Sports Development.

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