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

LAGOS ASSEMBLY ADOPTS REPORT TO STOP HOUSES FOR EX-GOVERNORS AND REDUCE THEIR PENSION BY 50 PERCENT.{PHOTO}.#PRESS RELEASE.


Lagos Assembly adopts report to stop houses for ex-governors, others


- Reduce pension of former governors by 50 percent


The Lagos State House of Assembly on Thursday approved the report of its committee on establishment which recommended the reduction of pensions to former governors and other affected officials by 50 percent.


The committee also expunged the provision of houses in Abuja and Lagos for former governors as stipulated in an earlier law operated by the state.


The report further showed a reduction in the number of vehicles to be made available to former governors and their deputies.


The Speaker of the House, Rt. Hon. (Dr) Mudashiru Obasa, suggested that former governors should get two vehicles (a car and a van) instead of three as recommended by the committee.


He also suggested that the amended bill should provide that the cars be changed every four years instead of the three years recommended by the report.


While some of the lawmakers, at plenary, had suggested for an upward review of the pension for the affected public office holders by 75 percent, others urged that the pension remain as stipulated in the old law.


However, Obasa argued that it should be left at 50 percent, especially as the report had recommended the removal of houses and reduced other benefits.


While recalling the recent murder of the president of Haiti, Obasa said it was necessary to also secure the lives of the former office holders.


"By virtue of my office, I have seen former Speakers who we just had to intervene in their lives because of the situations they found themselves outside office. We have also seen former governors in a very bad situation," he said.


Obasa noted the argument of his colleagues that the projected downward review of the pension for the former governors and others could also be affected by inflation and other economic considerations, but reminded that the House must meet the wishes of the people one of which is a cut in the cost of governance.


"There is no argument, we must realise that this is democracy and it is all about the people. We are here because of the people. When we represent people, it is good for us to listen to them as well.


"We must realise that we would always go back to the people for support. So when we hearken to their agitations and reduce what existed, it shows that we listen," Obasa told his colleagues adding that his suggestion for further reduction of the number of cars was because "as you age, your needs continue to decrease."


Earlier some of the lawmakers had supported the report of the committee saying it would have a positive impact on the internally generated revenue of the state.

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