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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BUDGET BREAKDOWN: ANAMBRA STATE GOVERNMENT EXPLAINS THE N170 BILLION CONTAINED IN THE 2022 REVISED BUDGET DRAFT.(PHOTOS).

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Budget Breakdown: Anambra State Government Explains The N170 Billion Contained In The 2022 Revised Budget Draft 



Anambra State Government through the ministry of Budget and Economic Planning has given the breakdown of 170 billion naira which is the budget size of the 2022 revised draft budget.

Recall that Governor Chukwuma Soludo presented the revised budget before the members of the state House of Assembly May 19.

The Commissioner for Budget and Economic planning, Ms Chiamaka Nnake who did the breakdown today during a press briefing revealed that the Recurrent expenditure accounts for 36 percent of the total budget while the capital expenditure accounts for the remaining 64 percent.

She went further to explain that about 60 percent of the capital expenditure is targeted at delivering infrastructure that the average citizens can feel, see, use or touch and which will have highest developmental impact.

Ms Nnake also gave the breakdown of the budget allocations across the priorities of the state which include works, transport, security, community choose your project, youth development, water and power, education, health, agriculture, ICT, reforming and digitizing revenue collection in the state, airport work in progress among others.

She also explained that the budget will be funded by 24 percent Internally generated revenue, 36 percent Federal allocation and 40 percent loan.

N108 billion was allocated to capital expenditure while N61.4 billion was allocated to recurrent expenditure for the year ending 2022.

The Commissioner for Information, Mr Paul Nwosu and the permanent secretary in the ministry of Budget and Economic planning, Mrs Stephanie Kerry-Uzo were present during the briefing.
More photos below. 



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