LAGOS COURT JAILS NOGASA CHAIR, FATUYI PHILLIPS 21 YEARS FOR N43. 5M FRAUD. (PHOTO). #PRESS RELEASE

Image
 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

POLICE ARE CRUCIAL IN FACILITATING EASE OF DOING BUSINESS- SENATOR GAIDAM. (PHOTOS). #PRESS RELEASE.


 PRESS RELEASE


POLICE ARE CRUCIAL IN FACILITATING EASE OF DOING BUSINESS- SENATOR GAIDAM



The Honourable Minister of Police Affairs, Senator Ibrahim Giadam has reiterated the role of the police in enabling ease of doing business in Nigeria as it requires a secure and stable society where businesses can operate without the fear of crime, corruption, or undue interference.

He stated this during a meeting with the Presidential Enabling Business Environment Council (PEBEC) team led by the Special Adviser to the President on PEBEC & Investment led by Dr. Jumoke Oduwole at the Headquarters of the Ministry in Abuja.

  The Minister pointed out that the primary role of the police is to maintain law and order, protect lives and property, and enforce the rule of law, noting that a safe and secure business environment is essential for businesses to operate smoothly and for investors to feel confident in investing in the country.

In his words, “Your presence here signifies a crucial step towards fostering a more conducive business environment in our beloved country, Nigeria. As we gather here to discuss the Ease of Doing Business Regulatory Reform Accelerator, aimed at enhancing growth in productivity and competitiveness across key sectors of the Nigerian economy, I am filled with optimism and excitement about the positive impact that our collaboration can have on our nation's economic landscape”.

He added that the Ease of Doing Business Regulatory Reform Accelerator initiative is a testimony to their commitment to promoting business growth and development in Nigeria.

 

“By identifying key barriers to doing business in our country and implementing targeted reforms, we aim to create a more efficient, transparent, and competitive business environment that will benefit both local and foreign investors. Gaidam stressed.

The Minister opined that upholding the principles of fairness, transparency, and accountability is paramount to winning the trust and confidence of investors.

 

He said the objective of the reform is to eliminate corruption and misconduct within our ranks and build a police force that is respected and admired.  We will implement robust systems to ensure that cases of misconduct and corruption are promptly and transparently addressed”.

 

According to him, “Corruption can be a significant barrier to doing business in Nigeria. The police can contribute to combating corruption by enforcing anti-corruption laws, investigating cases of corruption, and promoting transparency and accountability in their operations”.

 

Earlier, the Special Adviser to the President on PEBEC & Investment Dr. Jumoke Oduwole appreciated the Minister's commitment to the implementation of Mr. President's agenda to provide a friendly enabling environment for businesses in the country.

She requested the Ministry's intervention in facilitating ease of doing business in the airports, seaports, and trade corridors to curb the extortion and numerous checking points on the roads.

In her words, what concerns us more are business climate and investors, travelers' interface, movement of goods from farm to port, the challenges of extortions and delay in the movement of goods and services, and the need to avoid litigation against the agencies and Federal government.

 

 

Bolaji O. Kazeem

Deputy Director (Press)

March 20, 2024

 

Pic L-R:  Special Adviser to the President on PEBEC & Investment Dr. Jumoke Oduwole, Minister of Police Affairs, Senator Ibrahim Giadam, and Permanent Secretary, Dr. Nasir Sani-Gwarzo during a meeting with the Presidential Enabling Business Environment Council (PEBEC) team at the Headquarters of the Ministry in Abuja.

Pic Group seated:  Special Adviser to the President on PEBEC & Investment Dr. Jumoke Oduwole, Minister of Police Affairs, Senator Ibrahim Giadam, Permanent Secretary Dr. Nasir Sani-Gwarzo and Directors during a meeting with the Presidential Enabling Business Environment Council (PEBEC) team at the Headquarters of the Ministry in Abuja.

More photos below. 



Comments

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

SSANU, NASU THREATEN STRIKE OVER WITHHELD SALARIES. (PHOTO).