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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I WILL RELOCATE TO ABROAD IF BUHARI CONTINUES TO BORROW- SENATOR NDUME THREATENS.[PHOTO]

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The Senator representing Borno South, Ali Ndume has lamented the rising recurrent expenditure in the annual national budget of the Federal Government.


He also lamented the huge amount being paid as personnel and overhead costs despite an embargo placed on employment by the regime of the President  Muhammadu Buhari.


He threatened to leave the country if relevant authorities refused to put necessary arrangements in place to arrest the ticking time bomb.


This was during the submissions by the Chairman of the National Salaries, Income and Wages Commission, Mr Ekpo Nta while defending his agency’s 2021 budget before the Senate Committee on Establishment on Thursday.

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