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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NNPCL DISENGAGES MANAGEMENT STAFF. (PHOTO).

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NNPCL Disengages Management Staff

Management staff of the Nigerian National Petroleum Company Limited, NNPCL, with less than 15 months left until their statutory retirement have been disengaged from service.

A statement by the company indicates that workforce change became effective as of today, September 19.

The move, which saw three Executive Vice Presidents exit the company, was described by NNPCL as “our bid to pursue effective organisational renewal to support the delivery of our strategic business objectives”.

The statement further explains that the changes were in line with NNPCL’s efforts to scale up capabilities through targeted talent management and equal opportunity.

Also in July, the federal government commenced the Implementation of the revised Public Service Rules (PSR).

According to the provision of the PSR, Permanent Secretaries “shall hold office for a term of four years and another renewable term based only on satisfactory performance.”

And that any director (GL 17) or its equivalent must compulsorily retire upon the attainment of eight years in that position.

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