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

FG TO GO AFTER ECONOMIC SABOTEURS NEXT YEAR- SENATE LEADER. (PHOTO).




 FG to go after economic saboteurs next year —Senate Leader


Leader of the Senate, Senator Opeyemi Bamidele has said that the Federal Government would  from next year, go after economic saboteurs, who have made lives difficult and unbearable for Nigerians.


Bamidele also insisted that the National Assembly would pass the 2024 appropriations bill on December 30, to sustain the January-December budget cycle.


He made this disclosure at a session with journalists in Iyin Ekiti, saying all federal lawmakers would have to cut short their holidays to ensure speedy passage of the 2024 appropriations bill.


At the session, Bamidele expressed concerns about the activities of economic saboteurs, who were doing everything to keep exchange rates high against the Naira or trying to make the Naira unavailable to the people who kept their money in banks.


He, therefore, revealed that the Federal Government “will, from next year, go after economic saboteurs, who are making life difficult and unbearable for Nigerians. The Federal Government will charge, prosecute and punish them for their acts of economic sabotage.


“All these will take place next year. In the long run, those who mopped up the Naira and Dollars from the markets will face the consequences of their actions. Those who mopped up the Dollars to keep commodity prices high will definitely not escape justice.


“Those who are speculating are also on the watch list of the federal government. At some points, the federal government will have to go after them,” the senate leader revealed the plan of the federal government.


Beyond all these activities of economic saboteurs, Bamidele assured Nigerians that Nigeria would witness a true era of Renewed Hope that would herald development, progress and prosperity, citing diverse plans the administration of President Bola Ahmed Tinubu had put in place to transform the national economy.


Meanwhile, the Senate has postponed  its plenary sitting from Friday to Saturday to enable it pass the 2024 Appropriation  Bill that  was forwarded to it  by President Bola Tinubu.


The Senate had last week adjourned  plenary to Friday this week for members to celebrate the Christmas with their families  and friends.


A statement by the Clerk of  Senate, Chinedu Akubueze, yesterday, said: “This is to inform Senators that the plenary sitting of the Senate, which was scheduled to be held on Friday, has been postponed to Saturday. Any inconvenience that this shift may cause to Senators is regretted.”

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