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 MET ONLY N300M IN ANAMBRA TREASURY-GOV. SOLUDO.(PHOTO).

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ANAMBRA FINANCIALS: WHAT SOLUDO ACTUALLY SAID ON ARISE TV THIS MORNING 

"The audited account of Anambra State as at 31st December, 2021 is published, anybody can access it. You can get it, you see our assets, liabilities and so on. And then, of course, as at the last date. What you now have to do is between the audited account as of the end of the year and as at the day of handover. You know if there were further liabilities and all of that. But, in terms of the audited account certified and published already, yea, everybody knows that the State's finances are not quite robust to put it mildly. The debt probably is in the range of hundred and something billion. In terms of debt. And then, cash, from what I saw in the end of it, a few hundred millions. Say 300 to 400 million Naira. That's what the state has, I mean that's the base. But we are still going to have the reconciliations and all the accounts from January to the date that we took over and would put it out there"... 

- - Soludo

Part of the values we must mainstream is that of information probity. People must learn to report information without distortions that suit their mischief.

An interview that was streamed live and recorded for future retrieval cannot be instantly reproduced with clear misquotations of the subject matter.

For the records, the understated quote circulating across social media is not just embellished, it is a misrepresentation of the actual words of Prof. Charles Chukwuma Soludo. Read below:

"In terms of debt I inherited, it runs into hundreds of billions of Naira. In that of cash, we met about 300 million Naira. Let's not talk about it. Our treasury is funny. But I hope we shall make money henceforth to help us fulfill our promises for infrastructure and development of the state. But in terms of what I met in our coffers, my brother, it's pathetic. Please let us not go there. God will help us" - - this outrightly distorted. 

Again, we have extracted the exact cut of Soludo's response to the question on the Financials of of the State as handed over to him by his Predecessor. You may wish to go through the video below to glean his direct and undistorted reaction on the issue. 

We must shun sensating or distorting serious issues for the sake of posterity. 

-- Mazi Ejimofor

 

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