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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SUPREME COURT VERDICT ON LG AUTONOMY RELIEVES BURDEN ON US,SAY GOVERNORS . (PHOTO).

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 Supreme Court Verdict On LG Autonomy Relieves Burden On Us, Say Governors 


The Chairman of the Nigeria Governors’ Forum and the Governor of Kwara State Abdulrahman AbdulRazaq says the Supreme Court verdict on local government financial autonomy is relieving to governors. 


He spoke at the State House in Abuja on Friday in the company of his Bauchi and Imo State counterparts Bala Mohammed and Hope Uzodimma respectively.


“We welcome the ruling of the Supreme Court. Compliance is a given and our attorney generals have applied for the enrollment order which we’ll study carefully. But by and large, governors are happy with the devolution of power with respect to local government autonomy,” the governor said.


“It relieves the burden on governors. Our people really don’t know how much states expend in bailing out local governments, and that’s the issue there.”


Governor Abdul Razak said the Nigeria Governors’ Forum will meet next Wednesday to come up with a resolution about the matter. He said contrary to speculations, governors have “never tampered with local government funds”.


“It’s not going to affect the states,” the NGF chief said, and believes that with the autonomy granted to local governments, the third tier of government can better manage their affairs.


The Kwara governor also spoke about President Bola Tinubu’s meeting with labour leaders on the new minimum wage.


“As you’re aware the tripartite committee has met and submitted its report. Yes, a movement of figures is the prerogative of the president which he will also transmit to the National Assembly for robust debate before it’s adopted,” the governor said.


The governor’s comment came about a day after the Supreme Court ruled that funds meant for local government councils should be directly paid to them. In its Thursday judgement, the apex court declared that it was illegal for state governments to hold council funds, ending decades of the battle for local government financial autonomy.


That move has since triggered an outpour of commendations from stakeholders including President Tinubu, governors, political leaders, and lawmakers among others.

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