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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PENCOM RECEIVES COMMENDATION OVER INITIATIVES ON SCHEME .(PHOTO).

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PENCOM RECEIVES COMMENDATION OVER INITIATIVES ON SCHEME 


Pension Fund Operators Association of Nigeria (Penop) says pension remittance by Employees experienced a boost as a result of the deployment of recovery agents by the National Pension Commission

The Chief Executive Officer of Penop, Oguche Agudah stated this at a virtual session organised by the Association tagged ‘Ask me Anything’

According to him, the whistleblower policy and the deployment of recovery agents is yielding results as many employees now comply.

Speaking on Micro Pension, Agudah explained that it was designed for the informal sector for them to also benefit from the Pension scheme.

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