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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KANO: YUSUF VOES TO RECOVER N5. 4BN PENSION FUNDS NOT REMITTED BY GANDUJE'S GOVT. (PHOTO).

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 Kano: Yusuf vows to recover N5.4bn pension funds not remitted by Ganduje’s govt


Governor Abba Kabir Yusuf of Kano State has said that he is ready to use every legal means to retrieve over N5.4 billion deducted monthly pension contributions that were not remitted by the Abdullahi Ganduje administration.


The governor said it is unacceptable for anybody to deduct workers’ monthly pension contributions without remitting the funds.


Speaking during the flag-off of the payment of N5 billion gratuities to 4000 retirees, Yusuf noted that the payment of pension is not a privilege but a right.


The governor asked the pensioners to write a petition to the State government seeking an investigation into the deduction of their monthly pension contributions.


He assured that his regime would ensure that their money is recovered.


“The debacle we are in now is that all the money deducted from your monthly pension payments, amounting to over N5.4 billion, is that all the money was not remitted to the state treasury rather it was taken to a personal accounts, but we are determined to get them back,” he assured.


Yusuf added that his administration inherited N43 billion pension arrears from the Gabduje government.


Alhaji Abdulkadir Abdussalam, the state Accountant General, explained that Governor Yusuf is committed to paying pension backlog of ten years.


Chairman of Nigeria Pensioners Union, Kano State, Comrade Salisu Gwale, disclosed that before the 2023 election, “we asked how the new government will solve the problem of pension in Kano, with over N43 billion unpaid pensions”.


Gwale expressed sadness that the pensioners were shortchanged by Ganduje’s administration.

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