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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PRESIDENT TINUBU SIGNS DEVELOPMENT COMMISSION ESTABLISHMENT BILLS. (PHOTO). #PRESS RELEASE.

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 STATE HOUSE PRESS RELEASE 


PRESIDENT TINUBU SIGNS DEVELOPMENT COMMISSION ESTABLISHMENT BILLS



President Bola Tinubu has signed into law bills to accelerate development across geo-political zones in the country.


The President has assented to the North-West Development Commission (Establishment) Bill, 2024, and the South-East Development Commission (Establishment) Bill, 2023.


The North-West Development Commission is set up to facilitate the reconstruction of roads, houses, and business premises destroyed by multidimensional crisis, as well as tackle poverty, literacy level, ecological problems, and any other related environmental or development challenges in North-West states.


In addition, the South-East Development Commission is established to ensure the reconstruction and rehabilitation of roads, houses, and other infrastructural damages suffered by the zone, as well as tackle ecological problems, and other related environmental or developmental challenges in South-East states.


President Tinubu believes in building the nation on the fulcrum of fairness, equity, and unity; hence, he is committed to ensuring equitable development, inclusive governance, and the provision of qualitative services to all Nigerians — no matter where they reside — while knitting even more tightly together the national fabric.


Chief Ajuri Ngelale


Special Adviser to the President


(Media & Publicity)


July 24, 2024

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