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

VICE PRESIDENT SHETTIMA PRESIDES OVER NEC .(PHOTO).


Vice President Shettima Presides Over NEC

Vice-President Kashim Shettima is presiding over a meeting of the National Economic Council (NEC) in the Council Chambers of the State House, Abuja.

This is the third NEC meeting of the President Bola Tinubu administration.

The meeting comes amidst high inflation and hardship caused by the economic policies of the federal government.

The council consists of the 36 state governors, the governor of the Central Bank of Nigeria (CBN) and other government officials.

Today’s meeting is expected to consider varying issues, including the Federation’s financial status and other general issues. However, the most critical of the issues before the Council is the deployment of palliatives aimed at cushioning the harsh effects of the fuel subsidy removal.

Among the governors attending the meeting are: Abdulrahman Abdulrazak (Kwara), Hope Uzodinma (Imo), Inuwa Yahya (Gombe), Dauda Lawal (Zamfara), Dr Alex Otti (Abia), Babajide Sanwo-Olu (Lagos) and Ademola Adeleke (Osun).

Others are Senator Bala Mohammed (Bauchi), Senator Uba Sani(Kaduna), Sheriff Obrevwori (Delta), Prof Charles Soludo (Anambra), Godwin Obaseki (Edo), Yahaya Bello (Kogi) and Umaru Namadi (Jigawa).

Also at the meeting are Umo Eno (Akwa Ibom), Prince Bassey Otu (Cross River), Lucky Aiyedatiwa (Ondo State acting governor), Dapo Abiodun (Ogun), Ahmad Aliu (Sokoto), Agbu Kefas (Taraba), Abdullahi Sule (Nasarawa), Peter Mbah (Enugu) and Prof Babagana Zulum (Borno).

Deputy governors of Katsina, Rivers, Yobe, Adamawa, Kano, and Kebbi are also participating in the meeting.


 

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