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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ILORIN: IGBO TRADERS SHUT SHOPS AS TRUCE WITH KWARA GOVT OVER TAZ PAYMENT COLLAPSES. (PHOTO).

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 Ilorin: Igbo traders shut shops as truce with Kwara Govt over tax payment collapses


The agreement reached between Igbo traders and the Kwara State government over controversial tax matters may have suffered a set back.


This is because residents of Ilorin, the state capital, woke up on Monday to notice that Igbo traders have shut their shops and businesses again, as they did recently when they protested alleged increment in taxes imposed by the Kwara state Internal Revenue Service, KWIRS.


The Chief of Staff to the Kwara State Governor, Mahe Abdulkadir, and Saadu Salaudeen, Senior Adviser/Counselor to Governor, had reportedly waded into the impasse between the two warring parties and resolved the contentious matter amicably.


However, contrary to expectations, the Igbo traders on Monday locked their shops and businesses across Ilorin, the state capital, to express their continued grievances on the matter.


A planned press conference called by the Igbo traders for Tuesday, by 11:30 am, to brief the public on the latest development, was also put off for unknown reasons.


Newsmen could not ascertain what led to the breakdown of the earlier reconciliation reached between the two parties.


However, sources at the state revenue service office on Ahmadu Bello Way, Ilorin, revealed that the agency had rejected ‘a central pool’ mode of tax payment advanced by the Igbo traders.


“The revenue service is insisting that all Igbo traders and business owners must pay their tax individually and not as a collective body of traders,” the sources added.


The Igbo traders had insisted that they prefer the collective mode of tax payment as a body, which the revenue service vehemently rejected.

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