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

PRES. TINUBU HAS APPROVED A MASSIVE COST-CUTTING EXERCISE ACROSS FEDERAL ESTABLISHMENT, INCLUDING THE PRESIDENCY.(PHOTO).


President Bola Tinubu has approved a massive cost-cutting exercise across federal establishments, including the Presidency.

Briefing State House correspondents on the exercise, the Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale, said the crux of the directive was to reduce cost on official trips. 

According to the directive, security outfits within states will frontline the  protective details of the President, the Vice President, the First Lady and the Second Lady on local trips. 

By the directive, only 4 members of staff are to accompany each Minister on international trips, and 2 in the case of heads of agencies.

In the case of the President on international trips, only 20 officials are allowed to accompany him, and 25 on local trips.

5 officials are allowed on the entourage of the Vice President and the First Lady on international trips. 

On local trips, 15 officials are the limit to be on the entourage of the Vice President, while 10 officials will be accompanying the First Lady and the Second Lady. 

"Henceforth, the President is insistent that the notion of government wastage, the notion of recurrent expenditure being in excess, the notion that government officials will be allowed to conduct their affairs in a way that is different from what we are asking of Nigerian citizens with respect to prudence and Cost Management, those days are over", the Special Adviser explained.

Chief Ngelale further explained that the President was insistent that the prudence of government officials must reflect the prudence and efficiency of Nigerians. 



 

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