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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OGUN JAAC DISBURSES N5.233BN TO 20 LGAS IN AUGUST. (PHOTO).#PRESS RELEASE

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Ogun JAAC Disburses N5.233bn to 20 LGAs In August 

The Ogun State Joint Account Allocation Committee (JAAC) has disbursed N5,233,379,834.30 among the 20 local government areas in the State.

The disbursement was outlined during the August 2023 edition of the JAAC meeting held at the Conference Hall, Oba’s Complex, Oke-Mosan, Abeokuta.

The Permanent Secretary, Ministry of Local Government and Chieftaincy Affairs, Dr Rotimiolu Akinlesi, in his welcome address at the meeting, said the purpose of the gathering was to foster accountability, transparency, and integrity, noting that the chairmen of the local governments were there to represent and seek the interest of the people.

He called on the chairmen to carry out more developmental projects in their various council areas, commending them for the feats achieved in the last two years, despite various challenges facing the nation.

In his presentation, the Permanent Secretary and Accountant-General of the State Treasury, Mr Babatunde Aregbesola, outlined that N5,233,379,834.30 from Statutory Revenue, Value Added Tax (VAT), Exchange Difference and Electronic Money Transfer Levy (EMTL) accrued to the 20 local government areas in the State for August 2023.

He said N5, 143,138,652. 75 would be used to pay the first-line charges, which include, primary school teachers’ salary, local government staff salaries and allowances of the Traditional Councils, as well as pensions, among others.

In their various remarks, representatives of the Ijebu Traditional Council, the Obiri of Ayepe, Oba Adebisi Okubanjo, and the Chairman of the Local Government Pensioners’ Association of Nigeria, Pastor Benedict Ademoye, applauded the state government for the consistency of the meeting, which had aided them in giving appropriate facts and figures as related to local government allocations in the State.

 

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