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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FG EXPLAINS RATIONALE FOR SINGLE-DIGIT INTEREST-RATE FINANCING FOR MEDIA HOUSES. (PHOTO). #PRESS RELEASE.

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 FG Explains Rationale For Single-Digit Interest-Rate Financing for Media Houses 


Minister of Information and National Orientation, Mohammed Idris, has said President Tinubu’s desire to support the media to thrive informed his decision to extend a single-digit interest-rate financing to media organizations in the country.


Idris stated this in Abuja on Monday at the ongoing Ministerial Sectoral Update to mark the first year of the Tinubu Administration.


“We are also creating an enabling environment for all players and stakeholders in the media and information ecosystem to thrive. One highlight here is the recent directive by Mr. President to the Federal Ministry of Industry, Trade and Investment, through the Bank of Industry (BOI), to extend its single-digit interest-rate financing to media organizations in the country.


“It is now incumbent upon media practitioners to develop bankable proposals to access this financing facility being offered by the Federal Government, and I hope that you the media will take full advantage of this great opportunity,” he said.


The Minister said the President has decided not dwell on fanfare in his First Year but to fully be accountable to Nigerians by projecting the successes recorded in the Federal Government’s development objectives, known as the Renewed Hope Agenda. 


“Distinguished guests and media colleagues, we are resolute in making sure that in communicating government activities, our watch word is to Restore Trust in public communication as we amplify policies and programmes of the President Tinubu administration,” he stated. 


Idris said the government has made efforts to ensure that the regular Briefing Series receives the widest possible coverage, through traditional and digital platforms with the objective to enlighten, inform and educate Nigerians and the world, and to ensure that everyone is carried along through the provision of detailed, relevant, credible and timely information.


The Minister therefore urged members of the press, to report the Briefing Series objectively and responsibly, through their headlines and the narratives. 


Minister of Agriculture and Food Security, Senator Abubakar Kyari, and the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo made presentations on their respective  scorecards during the third session of the Briefing Series.


Rabiu Ibrahim 

Special Assistant (Media) to the Minister of Information and National Orientation.

May 27, 2024


L-R: Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga; Minister of Aviation and Aerospace Development, Mr. Festus Keyamo; Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu; Minister of Agriculture and Food Security, Senator Abubakar Kyari; Minister of State for Agriculture and Food Security, Senator Aliyu Sabi Abdullahi at the third session of the Ministerial Sectoral Update in Abuja on Monday

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