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

WE SPENT N744. 5M ON LITIGATION, RECEIVED N595.9M FROM NIGERIANS- OBI-DATTI CAMPAIGN GIVES ACCOUNT. (PHOTO)


 We spent N744.5m on litigation, received N595.9m from Nigerians – Obi-Datti Campaign gives account

The Obi/Baba-Ahmed Presidential Campaign Organisation has disclosed that it spent over N744,500,000.00 (seven hundred and forty-four million, five hundred thousand) in litigation in courts over the 2023 presidential election.


The organisation also said that it received donations totalling N595,976,994.00 from Nigerians.


This was made known on Thursday by Aisha Yesufu, the Chairman of the Fundraising Team of the Campaign Organisation during a fundraising report presentation.


She said, ”Accountability and transparency are very critical and important; that is why we asked people to donate so that we could come back to them to explain how their money was judiciously used.


”We thank everyone who donated in cash and kindness.


”From the donations from citizens, we received N595,976,994. This is the money we raised from the four accounts that we have talked about.


”We also received N8,000,00.00 from the candidate himself (Peter Obi).


“We designed a strategic blueprint focused on channelling the movement energy and support for Peter Obi and Datti Ahmed with different support groups. We provided direct and indirect support to over a hundred support groups across all 36 states in Nigeria. We also deployed media-related campaigns that reached over 11 million people, leveraging over 40 radio stations, community outreach, and social media.


“We would have loved to use Televisions and all of that, but because of our financial constraints, we were mindful of being judicious in our usage of the funds that we received.


”So, out of these things, campaign materials worth N258,374,330.00 were procured and distributed across the 36 States and also in Abuja. Media and radio broadcasting was at the cost of N16,432,867.00.


”For the election promotion expenses, we had N10,808,948.00.


”For Polling Unit Agents, we spent N324,381,700.00. And then, of course, we had bank charges of N1,750,544.00. We also had administrative charges of N477,000.00.


”We deployed N744,500,000.00 to cover legal expenses. And then, in campaign and election activities, we had over N28,500,000.00.


“On the issue of legal fees, remember what I said earlier: We had N800,000,000.00 that the candidate himself brought.”

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