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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COMMISSION DISCOVERS FINANCIAL INFRACTIONS IN SUBEBs.(PHOTO).

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COMMISSION DISCOVERS FINANCIAL INFRACTIONS IN SUBEBs


21st June, 2023 

The management of Universal Basic Education Commission (UBEC) has discovered various financial infractions committed by State’s Universal Basic Education Boards (SUBEBs) as a result of the routine observations and findings in the reports of financial monitoring exercises carried out in the 36 states and the Federal Capital Territory (FCT).

This was disclosed by UBEC Executive Secretary, Dr Hamid Bobboyi while declaring open a five-day financial management training for SUBEB staff held in Kano. Represented by Mr Lurwanu Garba, the executive secretary said the commission therefore felt the need to ensure sound and effective financial management of the federal government UBEC intervention fund as a measure to minimise infractions, bridge the knowledge gaps and capacity deficit among the staff.


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