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

LAGOS STATE HAVE STARTED RELEASING IMPOUNDED VEHICLES FREE OF CHARGE TO THEIR OWNER.OWNERS.(PHOTO)..


The Lagos State Government has begun the release of impounded vehicles to their owners free of charge.

The state government said it decided to wave the fine attached to such seizures due to the cash crunch that has hit the nation following the Central Bank of Nigeria’s (CBN) Naira redesign policy.

Lagos Commissioner for Transportation, Dr. Frederic Oladeinde, who confirmed this on Tuesday, March 7, said Governor Babajide Sanwo-Olu had extended the palliative measures by ensuring that vehicles impounded for minor traffic offences were returned to their owners with the fines waved.

He said; 

“When you look at what the governor proposed, especially during the cash crunch period, we have reduced public transport fare by 50%. So when you go on our BRTs and all the Lagos state funded public transport, including Lag Ride, we have reduced the fare by 50% just to alleviate the suffering of our people.

“Apart from that, moving away from transport, we have opened up food banks in certain areas. So we’re beginning to give out palliative just to ensure that people get through this cash crunch period.

“We’re happy that APC has won at the national level. And we are beginning to see some of these policies being reversed. So we’re hoping that in a short time, life would return back to normal but in terms of public transport, I think we’ve reduced fare by 50%.

“There are some people that committed offences during that period and we understand the fact that money wasn’t easy to come by. Looking at the governor’s magnanimity, the governor has deemed it fit to ensure that people who committed crimes within that period and wanted to pay or couldn’t pay as a result of the shortage of cash, they should come and pick up their cars and he has waved the fines.

“Mind you, that does not include major crimes committed. These are just minor traffic offences that have been committed in Lagos and this is showing empathy and trying to understand that look, we understand how difficult it has been and it is not a reason for us to stop you from making ends meet and so hence the governor’s magnanimity.

“All those who have committed crime within that period should come and pick up.



 

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