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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GOV. NAMADI PRESENTS OVER N298B APPROPRIATION BILL TO JIGAWA ASSEMBLY. (PHOTOS).

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 Gov Namadi Presents Over

N298b Appropriation Bill To Jigawa Assembly 


Governor Umar Namadi of Jigawa State has presented a sum of over 298 billion naira before the State House of Assembly as an appropriation bill for the 2024 fiscal year. 


Umar Namadi stated that the budget, tagged "Budget For A Greater Jigawa," has an estimated value of 298.14 billion naira, which is almost 23% higher than the total appropriations in the 2023 Fiscal Year.


According to him, in line with the principles of fiscal responsibility, the sum of 10.72 billion naira has been earmarked for stabilization and contingency funds, which is equivalent to about 4% of the real recurrent revenue estimates. 


He said the sum of over 111 billion naira, representing about 37% of the total budget, was earmarked for recurrent expenditures, while the balance of about 175.44 billion naira, representing almost 59%, is allocated to capital investments. 


Malam Umar Namadi further explained that the proposed 2024 budget includes provisions for new government agencies to be established from now to the end of the first quarter of 2024. 


These agencies include the State ICT & Digital Economy Agency, the State Hisbah, Tsangaya, Resident Identity Management, and the State Anti-corruption Agencies.


He said the proposed allocation to the health and education sectors is about 131.8 billion naira, which is more than two-fifths of the total budget, underscoring the priority they attach to human capital development.


The Governor urged the state Members house of assembly to give the appropriation bills in respect the state and local governments an 

expedited hearing. 


Namadi assured the Members and  people of the state, of their commitment to implement the budget with utmost fiscal discipline, transparency, and 

accountability.


He also appreciates the concern of members for the citizens of the state by ensuring that the ongoing strike by 

members of parliamentary staff association of nigeria does not in any way hamper the budget presentation.

More photos below. 


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