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

IF I WAS PRESIDENT, I WOULD ALSO HAVE IMPLEMENTED ORANSAYE REPORT- OBI. (PHOTO).


 If I Was President, I Would Also Have Implemented Oronsaye Report – Obi


The presidential candidate of the Labour Party in the 2023 polls, Peter Obi, has stated that if he was Nigeria’s president at this time, he would also have implemented the Oronsaye Report. 


Responding to texts from persons wanting to know his stand on the Oransaye Report, Mr Obi stated via his official handle on X that prior to this time, he had during campaigns affirmed that he would have worked with the committee’s findings.


The former Anambra State governor further asserted that implementing the report is one of the best ways to make governance efficient, cost-effective, and productive.


He stressed that being in opposition does not warrant blind and thoughtless criticism, adding that whenever the government takes the right decision, we should agree and if need be, propose related or even better ideas to move the nation forward.


Obi’s comments come just two days after President Bola Tinubu ordered a full implementation of the Oronsanye-led committee’s report, consequently, announcing the merging, subsuming, scraping and relocation of several agencies of government. ⁣


Addressing the development further, Mr Obi said he has always been an advocate of the three critical components of the Oronsaye Report, which are – drastically cutting the cost of governance; ii) eliminating the overlapping of responsibilities to ensure that responsibilities are appropriately domiciled; and iii) increasing efficiency and effectiveness, which will increase productivity.


The Labour Party’s flagbearer also noted that although the implementation of the report is long overdue, its implementation is a welcome development so long as the decision is informed by the three basic principles.


He however, emphasized that beyond implementing the Oronsaye Report, the government should go further and cut the cost of governance across board.


Below is Peter Obi’s full statement as published on X (formerly Twitter).


I have received several text messages from people wanting to know if I would have implemented the Oronsaye Report, which full implementation has just been directed by the President. In response to their questions,


I would like to refer everyone to my Manifesto and my response to similar questions during my campaigns. On the 5th of October, 2022 at Havard University, I was asked: “Will you implement the Oronsaye Report?” and I responded in the affirmative.


I went further to explain that implementing the report is one of the best ways to make governance efficient, cost-effective, and productive. Being in opposition does not warrant blind and thoughtless criticism.


Whenever the government takes the right decision, we should agree and if need be, propose related or even better ideas to move the nation forward.


I have always been an advocate of the 3 critical components of the Oronsaye Report, which are: i) drastically cutting the cost of governance; ii) eliminating the overlapping of responsibilities to ensure that responsibilities are appropriately domiciled; and iii) increasing efficiency and effectiveness, which will increase productivity.


Although the implementation of the report is long overdue, its implementation is a welcome development so long as the decision is informed by these principles. Beyond implementing the Oronsaye Report, the government should go further and cut the cost of governance across board.


Having found it imperative to implement the Report, the government should now do away with the bogus and needless wastages of our scarce resources on frivolous issues, and deploy such funds to the critical areas of Education, Health, and pulling people out of poverty.


However, we must not rush to implement the Oronsaye Report just because those that will be directly affected are mostly civil servants. A very deep understanding of the workings of the Federal bureaucracy will be required to effectively implement the Report.


Grasping the symetries between the federal and the other tiers of government will be imperative as Federal agencies have branches and outreaches in all the 36 states.


We the political leaders, should be ready to back up such implementation with our sacrifices from comfort and selfishness, for the overall development of the nation.


In implementing this Report, conscious effort must be made to cushion the effects of such a major overhaul on the workers, to avoid driving more people into hardship, in these very challenging times.


Also Nigerians are yet to be informed about the extant White Paper pertinent to the report’s implementation. Moreover, you cannot ask those who are likely to be affected by the downsizing to manage the process.


Government must also show clearly the amount of resources to be saved in the implied shrinking of government. It should also indicate clearly where and how the saved resources are to be redeployed


More importantly, the implementation needs to be accompanied by a template to avoid a future bloating of government. By doing the right things and implementing the right policies, we will build the New Nigeria of our dreams.

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