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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THE OYO STATE EXECUTIVE COUNCIL MET YESTERDAY AND APPROVED THE FOLLOWING:(PHOTO).#PRESS RELEASE.

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The Oyo State Executive Council met yesterday and approved the following:


1) The remodelling of Agbowo Shopping Complex to a shopping complex, a 4-star hotel, the anchor store, cinema building, event centre/casino and a restaurant through a direct contract model awarded to Messrs Planet Projects. The contract duration is 18 months at the sum of N10.1 billion to be funded by a project specific 7-year medium term bond of N8.5 billion. The bond is to be raised by Messrs SCM Capital Ltd who will provide bridge finance of N4.25 billion to the contractor to be refunded from the proceeds of the N8.5 billion bond.


2) Four Executive Bills to be presented to the House of Assembly. They include: Oyo State Harmonised Environmental Bill 2023; Real Property Protection Bill 2023; Oyo State Safe Schools Bill 2023; and Oyo State Rural Access Road Agency Bill 2023.


3) An Amendment Bill to the Chiefs Law of Oyo State to be presented to the House of Assembly.


4) The Governor’s Lodge in Abuja to be commissioned by the Vice President, Prof Yemi Osinbajo on May 23, 2023.


5) Also during the meeting, Governor Seyi Makinde announced the new Head of Service, Mrs Olubunmi Olufunke Oni who will replace Alhaja Ololade Agboola when she retires on Monday, May 8, 2023.


6) Finally, Governor Seyi Makinde announced the 15-person Inauguration/Transition Committee:

Hon Segun Ogunwuyi - Chairman

Ms Ololade Ajibola – Secretary

Hon Abdulmojeed Mogbonjubola

Mrs Toyin Balogun

Barr Adeniyi Farinto

Dr Wasiu Olatubosun

Hon Nureni Alabi

Chief Ademola Ojo

Hon Dayo Ogungbenro

Alhaji Wasiu Adeleke

Compol (retd) Fatai Owoseni

Alhaji Siju Lawal

Mr Akinola Ojo

Hon Simeon Oyeleke

Prof Abdulwaheed Soliu

 

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