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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I ONLY GET N577K MONTHLY PENSION FROM LAGOS- FASHOLA. (PHOTO).

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I Only Get N577k Monthly Pension From Lagos – Fashola

Former Minister of Works and Housing, Babatunde Fashola, has disclosed that the only financial benefit he receives from the government is N577,000 monthly pension as a former governor of Lagos State.

He also said that he is not receiving billions of naira from the federal government as speculated by some Nigerians, after serving eight years as the minister.

Fashola said this on Saturday while appearing as a guest on Arise TV programme, ”Perspectives.’

When asked if there were financial benefits accrued to him as a former public servant, he said, “The benefit I get I think is N577,000 monthly pension from Lagos State. That’s all I get.

“So, in spite of all the stories that we got several billions of money (after leaving office), I’ve come out to deny that repeatedly. Well I don’t know how long it lasts, but all I know is that I get N577,000 per month consistently.”

When asked if there were other benefits from the federal government, he said “no.”

Responding to a question on if he could advise current public office holders, the former Lagos governor said he was not in the position to issue advice but admonished that they “should remain true and authentic” in their duties.

In September 2023, Fashola said he did not need to hold office for serving in President Bola Tinubu’s administration.

“I do not need a title to serve: the president can only appoint at least one minister, for example, from each state in which he has done that,” Fashola had said.


 

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