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

LASURA SET TO BUILD THIRTEEN-FLOOR CORPORATE HEADQUARTERS COMPLEX.(PHOTO).#PRESS RELEASE.



LASURA SET TO BUILD THIRTEEN-FLOOR CORPORATE HEADQUARTERS COMPLEX


The Lagos State Urban Renewal Agency (LASURA) is set to build an ultramodern 13-floor office complex that is befitting an urban renewal institution.

The General Manager of the LASURA, Ms. Ajibike Shomade disclosed this during the working visit of the State Commissioner for Physical Planning and Urban Development, Engr. Tayo Bamgbose-Martins to the Agency, recently.

She stated that there is an ongoing plan to redevelop the whole of the Agency's complex into an iconic twin-tower edifice of 13 floors which will serve as the Corporate Headquarters for LASURA.

Shomade explained that the construction of the iconic structure will ensure the efficient operations of the Agency, stressing that LASURA, would still run its affairs from its temporary office, pending the completion of the edifice. 

Her words: “The planned redevelopment of the LASURA Corporate Headquarters, which will occupy 20,000 square metres, will birth a twin-tower 13-floor edifice. The completion of the structure will accelerate our efforts to provide leadership in urban renewal and set the right direction for the future".

She stated further that LASURA has significantly transformed its operations since the inception of the administration of Mr. Babajide Sanwo-Olu whose priority for the built environment and urban renewal is unparalleled and indicative of Mr. Governor’s resolve to achieve a 21st Century Economy in line with the T.H.E.M.E.S development agenda of the State Government.


 

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