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 CAN'T QUESTION BUHARI’S EXPENSES ON NIGER REPUBLIC- FINANCE MINISTER AS FG CONFIRMED THE PURCHASE OF N1.4B VEHICLES TO HELP NIGER TACKLE INSECURITY.(PHOTO).

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I Can't Question Buhari's Expenese On Niger Republic - Finance Minister 

The Federal Government has confirmed that it has purchased vehicles worth N1.4 billion to help Niger tackle insecurity.

The Minister of Finance, Budget, and National Planning, Zainab Ahmed gave the confirmation on Wednesday, explaining that providing intervention to the neighboring Niger Republic is not new and it is the prerogative of President Muhammadu Buhari who approved the purchase.

According to her, President Buhari, whose actions she cannot question, has the right to make his own assessment of situations and give directives accordingly.

She added that the financial support, which is primarily for the purpose of enhancing capacity to protect their territory, based on a request by the Nigerien Government, is also in the best interest of the country.

The minister, who was speaking after the Federal Executive Council (FEC) meeting presided over by the President, responded to questions regarding documents released on social media which showed that the president approved the release of the funds on February 22, 2022, for the Niger Republic.


 

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