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 SOLD MY PROPERTY TO GIVE 370 KANO INDIGENES SCHOLARSHIP,SAYS KWANKWASO.(PHOTO).

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I Sold My Property To Give 370 Kano Indigenes Scholarship, Says Kwankwaso 

Former Kano State Governor, Rabiu Kwankwaso, yesterday revealed how he disposed of his personal property to raise fund to sponsor 370 students on post-graduate scholarship programme abroad under Kwankwasiyya Foundation.

Kwankwaso, who revealed this at the weekend while receiving beneficiaries of the scholarship from India and Dubai at Mallam Aminu Kano International Airport, (MAKIA), expressed satisfaction in the activities of the foundation.

The former Minister of Defence explained that when he conceived the idea of sponsoring students to foreign universities for post-graduate studies, he was convinced to pull out resources at all costs, which compelled him to sell his personal property.

Kwankwaso stressed that the 370 beneficiaries were offered full scholarship in India and Dubai, including airfare, accommodation and living expenses throughout their two-year academic sojourn.

“My passion for education has no boundary. I went to the extent of selling some of my property to ensure the take-off of this foreign scholarship initiative under the auspices of Kwankwasiyya Development Foundation.

“This evening, I received with pleasure the arrival of 370 foreign scholarship beneficiaries for post-graduate studies from various universities in india, Dubai and Sudan.”

This is a day to remember, a very historic day, as our dream comes true. I am delighted to welcome you home. I am so grateful that many of you have passed with outstanding results,” Kwankwaso said.


 

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