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

AUDITOR-GENERAL FOR THE FEDERATION PRESENTS 2020 AUDITED ACCOUNTS REPORT ON AFRICAN UNION COMMISION AND ITS ORGANS TO AU BOARD OF EXTERNAL AUDITORS.{PHOTO}.#PRESS RELEASE

 

The Auditor-General for the Federation and Chairperson of the African Union Board of External Auditors, Mr. Adolphus Aghughu, presided over the virtual meeting of the African Union Board of External Auditors that held on Thursday, May 27, 2021 to review and sign off on the Audit Reports of the African Union
Commission and its Organs for the 2020 Financial Year.
In his welcome address, the Auditor-General for the Federation declared that the African People deserve so much from the African Union and in order to ensure that the Union succeeds, there must be public probity and Accountability in its operations which will enable the Union reach her potentials and by extension
achieve the aspirations of the founding fathers.
He recognized the efforts of the Audit Teams that carried out the Audit of the 2020 Financial Statements of the African Union Commission (AUC) and Six (6) Organs of the African Union (AU) namely:
1. African Union Advisory Board Corruption (AU ABC)
2. African Court Human and People’s Right (AfCHPR)
3. New Partnership for Africa’s Development (NEPAD)
4. African Peer Review Mechanism (APRM)
5. Pan-African Parliament (PAP)
6. African Commission Human and People’s Right (ACHPR)
Thereafter, the Eleven Member Board, consisting of Auditors-General from 11 Countries carried out a review of the Reports presented by the Chairperson, Audit Operations Committee. The Reports were unanimously adopted while the Board Members went on with the signing ceremony of the 2020 Audit Reports.
The Deputy Chairperson (DCP) of the African Union Commission, H.E. Monique Nsanzabaganwa came on a courtesy call to the meeting and the Chairperson of the Board welcomed her and informed her of the need to ensure Audit recommendations are properly implemented. The DCP commended the efforts of
the Audit Team Membersand expressed her sincere gratitude to the Board on the completion of the work despite the challenges posed by the COVID-19 crisis.
Members of the Board appreciated the Chairperson for providing the needed leadership that led to the success of the 2020 Audit Cycle and extended their regards to the Secretariat for providing the needed logistics for the auditors.
In his closing remarks, the Auditor-General for the Federation appreciated the BoEA Secretariat led by Mr. DinberuMulugeta and the Administrative Secretary, Ms. TigistKassaneh for providing adequate logistics for the audit exercise.
He also appreciated his colleagues, Members of the Board, for taking time to attend the programme. He noted that the success recorded was due to the efforts of the Audit Operations Committee members whose sacrifices have culminated into the final phase of work.
In a pledge of allegiance, he emphasized the element of efficiency in service delivery.
The report is available at www.au.int
EME IKA IKA OQUA
Head, Press Unit.

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