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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REPS TO PROBE COVID-19 FUNDS DISBURSEMENT IN MDAs.(PHOTO).

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Reps To Probe COVID-19 Funds Disbursement In MDAs


The House of Representatives has mandated the Public Accounts Committee to investigate the expenditure of funds appropriated or 

disbursed as COVID19 intervention to Ministries, Departments and Agencies of the Federal Government from 2020 to 2022.


This was sequel to the adoption of a motion by a member from Adamawa State Mr Nyampa Zakari, on the need to investigate the alleged mismanagement of the funds, at plenary.


The Lawmaker stated that the Federal Government initiated several measures, including budgetary provisions as well as funding from International donor agencies to combat the COVID19 pandemic on the citizens. 


He said a sum of N83.9 Billion was appropriated for the COVID-19 response in the 2020 Appropriation Act as well as another sum of over N100 Billion Naira as intervention funds through supplementary budget and international donor agencies. 


"Notes that the COVID–19pandemic disrupted economic activities, leading toglobal measures such as lockdowns, travel restrictions, business closures, and government shutdowns to control the virus's spread. 


"Cognizant that the disruption of economic activities necessitated the introduction of various programs, 

policies, and interventions to alleviate and boost the economies of families, small businesses, and 

public corporations. 


According to him, the Auditor-General's report and other sources revealed that significant funds for COVID-19 palliatives and international donations were diverted and unaccounted for by various Ministries, Departments and Agencies of Government. 


Zakari expressed concern that the lack of proper accountability of funds allocated for COVID19 intervention by the Federal Government and global donor agencies could potentially lead to negative economic ratings and loss of opportunities for Nigeria. 


The committee is to report back within 4 weeks for further legislative action. 

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