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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WIKE ORDERS ABUJA LAND OWNERS WITH C-OF-O TO PAY RECERTIFICATION FEE.(PHOTO).

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Wike orders Abuja land owners with C of O to pay recertification fee

Minister of the Federal Capital Territory, Nyesom Wike, on Friday, directed existing landowners with Certificate of Occupancy (C of O) to pay for re-certification.
 
Wike, who spoke on a live television programme in Abuja, said the new C of O would require a National Identification Number (NIN) and Bank Verification Number (BVN).

He said since assumption of office, he decided not to sign any C-of-O because of the need to introduce enhanced security measures.

The Minister said an individual would pay N50,000 while a corporate body would pay N100,000 for the new C of O.

Wike said, “There are a lot of discrepancies, a lot of cloning of C-of-Os, so we have come up with an idea that every allottee who seeks and applies for a C-of-O must supply his NIN; this is one of the features we are going to put in the new C-of-O.

“If a corporate body doesn’t have an NIN and they have a property, they must put their BVN. So many persons have not registered, and this will make them go and re-register.”

He said existing landlords with C-of-Os would only be required to pay a nominal fee for recertification.

He said, “For everyone who has a C-of-O, they will come for a recertification, so that we can incorporate the NIN or BVN.

“Those who had a C-of-O before don’t need to pay money again; the highest they can pay is N50,000, and corporate bodies will pay N100,000. It helps in terms of security; it also helps to improve our revenue generation.”

Wike also hinted that the cost of obtaining new C of O, which was initially fixed for N5m might be reduced to N3.5 million.

 

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