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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COMMUNIQUE ISSUED AT THE END OF THE 76TH MEETING OF THE BOARD OF TRUSTEES (BOT) OF THE PDP, TODAY. (PHOTO). #PRESS RELEASE

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 Communique Issued at the end of the 76th Meeting of the Board of Trustees (Bot) of the Peoples Democratic Party (PDP) Today, Tuesday, February 13, 2024


The Board of Trustees at its 76th meeting today, Tuesday, February 13, 2024, thoroughly assessed the State of affairs of the nation and the Party and resolved as follows:


1. The BoT expresses deep concerns over the biting economic hardship, high cost of essential life-enhancing commodities and alarming food scarcity in the country occasioned by the ill-implemented policies of the APC administration and which are already causing restiveness and agitations in various parts of the country. 


2. The BoT is alarmed by the worsening insecurity in the country as evident in the rising cases of mass killings, banditry, kidnap for ransom and acts of terrorism by assailants who are emboldened by the manifest laidback attitude of the APC administration to issues of security, especially in the last nine months. 


3. The BoT is appalled by the monumental corruption and unbridled treasury-looting in the APC administration especially the looting of billions of Naira meant for palliatives for poor and vulnerable Nigerians. 


4. The BoT is seriously worried over the fall of the Naira to an abysmal N1,500 to the Dollar, incessant increase in the pump price of fuel which now sells for over N700 per liter with long queues in various parts of the country.


These have attendant negative consequences as evident in the nearly 30% inflation rate, 41% unemployment rate and alarming 46% poverty rate where up to 130 million citizens have sunk deeper into multi-dimensional poverty in the last nine months.


5. The BoT is disturbed that the catastrophic economic and security situation in the country have left Nigerians hopeless, despondent, angry and constitute a present and immediate threat to the survival of the country as hardworking young Nigerians, professionals in critical fields as well as major multinational companies are now leaving our nation in droves. 


6. The BoT is distressed that there are no concrete and coherent policy, measures and steps by the APC administration to address these existential threats which have put the country in a precarious situation.


7. The BoT calls on President Bola Ahmed Tinubu to know that the situation in the country has become unbearable. Mr. President should immediately address the issues of corruption in his administration, worsening insecurity in the country, continuous fall in the value of the Naira, high fuel price, unbearable food scarcity and unemployment in the country.


8. The BoT reassures the Nigerian public that despite the challenges, the PDP remains united, stronger and more determined in its commitment to working for the wellbeing of Nigerians and defending their interest at all times.


In this regard, the BoT as the Conscience of the Party charges all Organs, leaders, critical stakeholders and members of the PDP across the country to remain united and focused as the Party further repositions for the task ahead.


9. In the bid to further strengthen itself, the BoT has confirmed His Excellency, Senator Adolphus Wabara as its Chairman and His Excellency, Senator Ahmed Mohammed Makarfi as Secretary in line with the provisions of the Constitution of the PDP (as amended in 2017).

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