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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NON-DISCLOSURE OF PRICE TAGS: LASCOPA WARNS SUPERMARKETS, GROCERY STORES. (PHOTOS). #PRESS RELEASE.

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NON-DISCLOSURE OF PRICE TAGS: LASCOPA WARNS SUPERMARKETS, GROCERY STORES


... Promises To Seal Erring Supermarket Over Non-Disclosure of Products' Price Tags

The Lagos State Consumer Protection Agency (LASCOPA) has issued a stern warning to supermarkets and grocery stores within the state regarding the non-disclosure of price tags on products.

LASCOPA’s warning aims to ensure transparency and protect consumers from potential price exploitation as non-disclosure of price tags can lead to misunderstandings and inconvenience at the point of sale.

While saying that such practices violate consumers’ rights and the Lagos State Consumer Protection Agency Law, the General Manager of LASCOPA, Mr. Afolabi Solebo emphasised the importance of adhering to regulations, stating that the absence of price tags denies consumers the ability to make informed decisions. He added that such practices contradict the Consumer Protection Act, which mandates the clear display of prices
for goods and services.

Solebo maintained that failure to comply with the law will result in fines in accordance with consumer protection laws, adding that the Agency will not hesitate to seal erring supermarkets over non-disclosure of price tags on products on shelves.
 
He urged consumers to report any instances of non-compliance to LASCOPA through their social media platforms or the following dedicated Phone Lines: 08124993885, 09064323154, and 08092509777.
More photos below. 




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