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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WHY THERE’S SHORTAGE OF NIGERIAN PASSPORT- OFFICIAL. (PHOTO).

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Why There’s Shortage Of Nigerian Passport – Official

The Nigeria Immigration Service (NIS) has named the policies of the Central Bank of Nigeria (CBN) as one of the reasons for the scarcity of passport booklets In the country.

The Comptroller-General of NIS, Idris Jere, disclosed this on Tuesday while appearing before an ad hoc committee of the House of Representatives investigating the production of passport booklets in Nigeria.

Mr Jere noted that major components for producing booklets are sourced from overseas, hence the need for foreign exchange (forex) from the CBN. He informed the lawmakers that the lack of forex has affected the production of booklets.

“Foreign exchange regulation policy of the government and CBN’s refusal to grant access to forex for importation of the passport booklet………we generate forex from the sale of passport but we do not have access to buy the same booklet and that is a challenge for NIS.

“The factors responsible for the scarcity of passports include the inability to set up passport producing factory in Nigeria as its production is done abroad,” he said.


 

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