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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STAKEHOLDERS PLEDGE SUPPORT TO THE IMPLEMENTATION OF ANTI-CORRUPTION POLICY IN THE PORTS SECTOR. (PHOTOS).#PRESS RELEASE.

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Stakeholders Pledge Support to the  Implementation of Anti-Corruption Policy in the Ports Sector

Critical stakeholders in the Ports Sector have pledged their support for the implementation of an Anti-Corruption Policy to curb corruption and improve the ease of doing business in the sector.

This pledge was made during a meeting of CEOs of port agencies held at the Independent Corrupt Practices and Other Related Offences Commission (ICPC) headquarters in Abuja recently.

Speaking at the interactive session, which aimed at improving service delivery in the sector, ICPC Chairman, Professor Bolaji Owasanoye, SAN, OFR stated that the maritime sector was a critical part of the economy, but due to corruption, it was not delivering the values in its potential, causing Nigeria to lose business to neighboring countries, as well as revenue.

ICPC Chairman also noted that the newly developed policy for the sector was an important mechanism for improving their operations as well as the compliance function of all agencies operating within the sector.

On the role of ICPC, Professor Owasanoye said “Section 6 of the Corrupt Practices and Other Related Offences Act, 2000, empowers the Commission to take measures to prevent corruption by looking at systems and blocking corruption prone areas.”

He declared that the aim of Corruption Risk Assessment (CRA) conducted in the ports was to sanitise the system and infuse ethical practices in the conduct of their operations and defuse the negative perception about the country, and added that the intervention was successful because of the zero-tolerance for corruption of the government and collaboration of relevant agencies involved. As a follow-up to that, a Ports Standing Task Team (PSTT) was set up.

More photos below 






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