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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GOV. OBASEKI PRESENTED A N153.4 BILLION BUDGET TO THE EDO STATE HOUSE OF ASSEMBLY.{PHOTOS}.#PRESS RELEASE.

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I have presented a N153.4 billion budget proposal to the Edo State House of Assembly, for the 2021 fiscal year, representing a 9.7% increase from the revised 2020 budget and comprising N94.8 billion for recurrent expenditure and N58.6 billion for capital expenditure.
The budget document, christened, ‘Making Edo Great Again (MEGA) Budget', is exclusively pinned on robustly responding to the dislocations caused by the coronavirus pandemic, whilst building a workforce of the future.
The proposed 2021 budget would address challenges in critical sectors of the economy, with increased targeted investments on the state’s most valued resource – its people.
With the collaboration of the Honourable house, we have designed a unique instrument through which the state government can also attract private sector funding targeted at key development projects.
Receiving the 2021 budget proposal, Speaker of the Assembly, Rt. Hon. Marcus Onobun, commended my prioritizing the welfare of Edo people and assured me that the document would receive their due consideration and passage.More photos below.




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