LAGOS COURT JAILS NOGASA CHAIR, FATUYI PHILLIPS 21 YEARS FOR N43. 5M FRAUD. (PHOTO). #PRESS RELEASE

-
Image
 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
Post a Comment

FEDERAL REVENUE: FG DEPLOYS DIRECTORS OF REVENUE TO TEN AGENCIES.{PHOTO}.#PRESS RELEASE.

-

The Federal Government, through the Office of the Accountant General of the Federation (OAGF), is set to deploy Directors of Revenue to ten Federal Government Owned Enterprises (FGOEs) in the pilot phase of the exercise.
The Federal Government Owened Enterprises (FGOEs) to which the Directors of Revenue will be deployed in this first phase include: The Nigerian Ports Authority (NPA), Nigerian Communications Commission (NCC), Nigerian National Petroleum Corporation (NNPC) and the Nigerian Maritime Administration and Safety Agency, (NIMASA),
Others are the Federal Inland Revenue Service (FIRS), The Nigerian Ports Authority (NPA), Nigeria Customs Service (NCS), Department of Petroleum Resource (DPR), Nigerian Shippers' Council (NSC) and Federal Airport Authority of Nigeria (FAAN).
The full implementation of the pilot phase of deployment of the Directors of Revenue to the FGOEs was approved earlier in the year by the Honourable Minister of Finance, Budget and National Planning, Zainab Shamsuna Ahmed.
At an orientation programme for the Directors of Revenue in Abuja, the Minister said the initiative was in compliance with the Presidential approval that was conveyed through Secretary to the Government of the Federation’s (SGF's) circular with reference SGF.50/S.3/C.9/24 of 16th October, 2018 on the approved Revenue Performance Management Framework for Government Owned Enterprises(FGOEs).
The Minister said the deploymēnt of Directors of Revenue to the Federal Government Owned Entities (FGOEs) was to fully explore the potentials of these Agencies as alternative sources of revenue.
On what is expected of the Directors of Revenue, the Minister said they will be involved in the revenue operations of the FGOEs, have better understanding of business processes and operations of the FGOEs and cause improved transparency and accountability in revenue reporting by the FGOEs.
Furthermore, they are expected to seek for opportunities and avenues for revenue improvements which is the ultimate aim of the Government.
She revealed that an Integrated Revenue Monitoring System was being put in place to help in monitoring the revenues of the FGOEs online real-time and to ensure its improved transparency and accountability.
In his opening remarks at the programme, the Accountant General of the Federation (AGF), Ahmed Idris FCNA said a Technical Committee was formed to ensure seamless implementation of the deployment of the Directors of Revenue.
"The Committee worked hard and recommended fifty Treasury officers at Directorate level across various MDAs for this programme and ten will be deployed to the selected FGOEs", he said.
Idris reiterated that the vision of the initiative was to achieve transparency and accountability of Government revenue with special focus on FGOEs, improved revenue performance and ultimately to provide sustainable source of funding for Government budget execution.
He reminded the Directors of Revenue that they are ambassadors of the Treasury in the FGOEs, thus they should demonstrate highest level of professionalism and integrity in the discharge of this onerous task, consistent with the highest standard of service delivery.
Henshaw Ogubike mnipr

 Director(Information, Press and Public Relations).

Comments

Post a Comment

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma Automobil
Read more

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

-
Image
             Gerard Pique,welcomed their first child into the world last year January.Shakira told the magazine that ''I think it takes two to keep it passionate in relationships,a lot of laughter and a lot of fun moments together,that's essential but also affinity,you know.You have to be compatible.I'm really happy where i am right now,with the person that i'm with right now.He seems to want the same things i want,and that's very important''.More pictures below.                                                                                                                    
Read more

SSANU, NASU THREATEN STRIKE OVER WITHHELD SALARIES. (PHOTO).

-
Image
  SSANU, NASU threaten strike over withheld salaries The Joint Action Committee of the Senior Staff Association of Nigerian Universities and the Non-Academic Staff Union of Educational and Associated Institutions have threatened to disrupt industrial peace in universities should the government fail to release the withheld salaries of members. The salaries were seized by the administration of former President Muhammadu Buhari during their strike in 2022. The unions, in a joint letter signed on Friday by the President of SSANU, Muhammed Ibrahim and General Secretary of NASU, Peters Adeyemi, questioned the rationale with which the government released four months withheld salaries to members of the Academic Staff Union of Universities but failed to release the withheld salaries of non-academic staff. The unions noted that they would no longer be able to assure the government of industrial peace in universities should the amounts owed by the government are not released. Earlier, the unions
Read more