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

WHY NIGERIA NEEDS TO BE DECENTRALISED- SOYINKA. (PHOTO).



Why Nigeria needs to be decentralised – Soyinka


Nobel Laureate, Prof Wole Soyinka, says Nigeria needs to be decentralised for citizens to reap the benefits more.


Soyinka stated this on Thursday while delivering the PUNCH Newspapers’ 50th-anniversary lecture at the Civic Centre, Ozumba Mbadiwe Road, Victoria Island, Lagos.


The lecture is part of the weeklong activities marking the 50th anniversary of the PUNCH newspapers.


Soyinka whose lecture was titled, ‘Recovering the Narrative’, said the country should toe the path of breaking up if that would help the country to tackle its challenges.


The Nobel laureate said decentralisation would allow governance to get closer to the people, adding that it was high time leaders stopped taking Nigerians for a ride.


He noted that while Nigerian politicians know the importance of restructuring, they change after being elected into office.


He said, “What do you mean by restructuring? Well, I don’t even like the word restructuring. I use, I prefer expressions like reconfiguration and decentralisation. Everybody can grasp that, decentralisation. And those who lead, recognise the necessity of it. They recognise the importance, almost the inevitability of it until they get into power, yes, that’s the difference.


“It’s about time, I think leaders stopped taking this nation for a ride; you know, we must decentralise. Security, you know, has become a burden to bear. From all corners of the nation, that is the crime.


“Decentralised so that government can come closer to the people, and productivity can really be manifested as a product of citizens, not simply as a manna from heaven. That is the attitude obtained at the moment.


“I know the fear. The fear is collapse, break up. That’s been the excuse given by several regimes. But suppose the nation is breaking up informally, in other words as a fact rather than as a theory. Then, and you better just address this. Come straight on and see exactly what happened. What is wrong with general representatives seeing them and saying this is the protocol of our association, Anything outside of it? Anyone who does not want to accept these protocols, abide by these protocols and manifest these protocols in the act should take a walk. I have no problem at all.


“We live in what is known as the nation beginning as a vast football field is ending up as a ping pong table. If that is going to restore dignity to citizens. If that is going to guarantee three square meals a day then so be it. One of my favourite expressions with people is “Let nations die, that humanity may live.”


Founded in March 1973, PUNCH, Nigeria’s foremost newspaper, clocked 50 on March 18 last year but its board of directors moved the 50th-anniversary celebration to this year because the anniversary month fell within an election month and year.


The 50th anniversary is being marked with the 40th anniversary of the passing of PUNCH founding Chairman, the late Chief James Olubunmi Aboderin, who died on February 28, 1984, at the age of 50.


The weeklong activities began last Saturday with a colourful novelty football match at the Onikan Stadium in Lagos.


On Wednesday, a three-day photo exhibition, showcasing 50 iconic photographs from PUNCH rich archive, opened at the Alliance Francaise de Lagos/Mike Adenuga Centre in Ikoyi, Lagos.


The gathering of intellectuals and lovers of arts was led by a former Commissioner for Tourism, Arts and Culture in Lagos State, Steve Ayorinde, who was the curator of the exhibition.


The ceremonies will continue on Saturday, March 2, 2024, at Eko Hotels and Suites in Lagos, where PUNCH will host a black-tie dinner to acknowledge the contributions of its stakeholders to the success of the organisation.

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