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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SHETTIMA LED NEC DUMPS SOCIAL INVESTMENT REGISTER, SAYS IT LACKS CREDIBILITY.(PHOTO).

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 Shettima Led NEC Dumps Social Investment Register, Says It Lacks Credibility

July 20, 2023

The National Economic Council (NEC) presided over by Vice President Kashim Shettima, has dumped the national social register under Muhammadu Buhari’s administration for lack of credibility.

The Tinubu led Presidency had proposed sharing of 8,000 to 12 million poor people in the country as part of the palliative measures aimed at stemming the effect of subsidy removal on the people.

But in their meeting on Thursday, the council, instead, proposed the implementation of a cash transfer programme for states based on their social registers and a cash reward policy for public servants for six months.


 

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