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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UPDATE ON SETTLEMENT OF SUPREME COURT JUDGEMENT ON SHANGISHA/MAGODO.(PHOTO).#PRESS RELEASE.

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UPDATE ON SETTLEMENT OF SUPREME COURT JUDGEMENT ON SHANGISHA/MAGODO


Following the intervention of Lagos State Governor Babajide Sanwo-Olu, officials of the State Government and representatives of the Shangisha Landlords Association (the judgment creditors) held a series of meetings at which both parties explored the possibility of complying with the judgment of the Supreme Court. 

At the said meetings two issues arose:

·        There was a serious division among the judgment creditors as to who controlled or had the right to represent the Association; and 

·        the demand by the judgment creditors that a single global Certificate of Occupancy should be issued in the name of the Association as opposed to the position of the State Government that each of the 549 members of the Association would be given allotment letters individually. 

Given the sharp divide between the two factions of the judgment creditors on who has authority to represent the Association and the disagreement regarding whom the Certificate of Occupancy should be issued (collectively or individually), the State Government has approached the Supreme Court to seek further directives and clarifications on both issues. The Judgment Creditors have been served with the application. 

The State Government, however, wishes to reiterate its commitment to complying with the judgment of the Supreme Court once these two issues are resolved.

 
Gbenga Omotoso

Honourable Commissioner for Information & Strategy 


 

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