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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FG TO BEGIN GIVING STUDENTS LOANS IN SEPTEMBER, OCTOBER 2023.(PHOTO)

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FG TO BEGIN GIVING STUDENTS LOANS IN SEPTEMBER, OCTOBER 2023


The Bola Tinubu-led Federal Government today has said is working out modalities to begin students’ loans between September and October 2023.

The Federal Ministry of Education, Permanent Secretary, David Adejo, revealed this in Abuja to journalists on the bill signed by President Bola Tinubu.

The bill for student loans was signed into law by President Tinubu on Monday in fulfillment of a promise he made during his campaign. 

It was sponsored by the Speaker of the 9th House of Representatives, Femi Gbajabiamila and it provides for interest-free loans to indigent Nigerian students.

Adejo said the law would provide easy access to higher education for indigent Nigerians through interest-free loans from the Nigerian Education Loan Fund.

According to a report, the loan covers the loan students in private and public schools.

He said that President Tinubu had also approved a committee made up of ministries and agencies to see to the fruition of the loan scheme.

According to him, the bill is to make sure that every Nigerian has access to higher education through what we called the Higher Education Nigerian Bank.

 

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