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

2025 BUDGET WILL BE BASED ON NEEDS ASSESSMENT, SAYS GBAJABIAMILA. (PHOTO).


 2025 budget will be based on needs assessment, says Gbajabiamila


The Federal Government has announced plans to allocate funds in the 2025 budget based on a thorough needs assessment, prioritising essential projects and agencies. 

It said It will ensure that funding allocated to agencies are based on actual requirements.

Chief of Staff to the President, Hon Femi Gbajabiamila, disclosed this while speaking to journalists after a one-day fact-finding tour of government agencies under the State House, emphasising the need for prioritisation given the limited resources available.

Gbajabiamila questioned the current funding and performance of various agencies, considering their mandates and relevance to the administration’s vision and the Renewed Hope Agenda. 

He hinted at the possibility of merging or scrapping underperforming agencies to optimize resources.

”In any country in the world, resources are limited. For us it is about prioritizing. Where are we so far? What have the agencies done? How have they measured up to their mandates and how important are their mandates in terms of the vision of this administration and the Renewed Hope Agenda?

”A lot of agencies are not properly funded. Do we merge some of these agencies, do we scrap some? I’m not talking about the State House agencies. 

”In 2025 we are not going to budget in a vacuum. We will  budget based on needs assessment,” he said. 

In separate interactions with Heads and staff of the agencies, the Chief of Staff pledged that the Presidency would ensure better welfare and working conditions of staff within the agencies under the supervision of the State House.

He urged the staff of these agencies to embrace innovation, excellence, and professionalism, while supporting their Chief Executives to succeed. 

Accompanied by the Deputy Chief of Staff, Sen. Ibrahim Hadeija, the Permanent Secretary, State House, Engr. Olufunso Adebiyi, and the Senior Special Assistant to the President, Administration and Operations (Office of the Chief of Staff), Mrs Oyinade Nathan-Marsh, Gbajabiamila also emphasised the importance of transparency in the procurement process, which is critical to upholding the administration’s commitment to good governance and accountability.

The Chief of Staff visited the Nigeria Agriculture and Land Development Agency (NALDA), Bureau of Public Procurement (BPP), Bureau of Public Enterprises (BPE), Nigeria Atomic Energy Commission (NAEC), and the National Agency for Science and Engineering Infrastructure (NASENI).

During the tour, Gbajabiamila underscored the importance of these agencies in driving the government’s Renewed Hope Agenda in the economic and development sectors, and reiterated the administration’s resolve to strengthen these institutions. 

He noted that the visit, the first of its kind under this administration, was a follow-up to the recent one-day retreat for the Heads of State House Agencies. 

The retreat was convened to reinforce the administration’s commitment to strengthening institutions, ensuring they are well-equipped to fulfill their mandates and reducing the cost of governance.

Assuring the agencies that their concerns on staff renumeration, inadequate office accommodation and other legitimate challenges would be addressed, Gbajabiamila said measures would be put in place to create a more conducive work environment. 

Engaging the Executive Secretary/Chief Executive Officer of NALDA, Engr. Cornelius Adebayo, in an interactive session, Gbajabiamila reaffirmed federal government’s commitment to diversifying the economy through the agriculture sector, emphasizing its crucial role in achieving food security.

He stressed the administration’s serious focus on agriculture and food security, trusting NALDA to continue innovating through initiatives like greenhouse development and expanding arable land cultivation nationwide.

”This government is particular about diversifying our economy and the role the agriculture sector has to play is very important. 

”This government is focusing very seriously on agriculture and food security and we trust that NALDA will continue to be innovative in its operations, including developing greenhouses and supporting the cultivation of more arable land across the country ” he added. 

At BPP, the Chief of Staff, while responding to a presentation by the acting Director-General, Olusegun Omotola, commended the agency for saving the federal government some N1.7 trillion from 2009-2022 by blocking loopholes that would have been exploited during procurement. 

He disclosed that the federal government has initiated a review of the BPP Act to align it with international best practices, reduce corruption, and streamline bureaucratic processes.

Gbajabiamila also pledged government’s readiness to address staff remuneration, which has not seen a review in years, drawing comparisons with the Debt Management Office, which has undergone multiple salary structure reviews. 

”The Act establishing the Bureau is going through a review process that will make it meet international best practices, reduce corruption, red tape and bureaucracy. 

”We will also look at the staff renumeration and why there has not been a review over the years, especially when compared with sister agencies like Debt Management Office whose renumeration and salary structure has been reviewed a couple of times over the years,” the Chief of Staff said in response to a request by BPP’s acting DG.

On the National Council on Procurement (NCP), which is an establishment of the law but has never been inaugurated since the creation of the Bureau, the Chief of Staff hinted that President Tinubu intends to inaugurate the Council, conscious of the need for the proposed amendments to the BPP Act.

Addressing the Bureau of Public Enterprises, Gbajabiamila commended the agency for remitting over N1trillion proceeds to the Federal government since 1999 and emphasized the need for improvement. 

”We are ready to work with you to make you achieve your mandate optimally,” he assured. 

BPE’s Director-General, Ayodeji Gbeleyi, disclosed  that the agency had received N93.4bn from privatization projects in the first and second quarter of 2024, though this fell short of the revised expected revenue of  N259.7 billion. 

At NAEC, the Chief of Staff to the President reaffirmed government’s commitment to developing nuclear technology for peaceful purposes, including electricity generation in the country. 

Responding to a presentation by Prof. Yusuf Ahmed, the Chairman of NAEC, Gbajabiamila said government  recognizes the importance of incorporating  nuclear technology into Nigeria’s energy mix to meet the nation’s growing energy needs.  

At NASENI, Gbajabiamila commended the agency for championing local content development, particularly in the areas  of electric vehicles, motorbikes and  solar-powered smart irrigation systems, through accelerated technology transfer. 

He expressed President Bola Tinubu’s confidence in the nation’s human resources and their ability to lead  technological advancement. 

”I’m very impressed with what we have seen and what we have heard,” the Chief of Staff said after a tour of facility at NASENI. 

”The fact that you have 35 market ready products and have completed 44 tangible project and initiatives in 10 months speaks volumes to your commitment, dedication and passion for what you are doing. 

”I commend you and the rest of the team on what you are doing. We live in a world of modern-day technology and Nigeria must not be left behind and we need agencies like NASENI to propagate the President’s vision on advancement in technology,” he told the Executive Vice Chairman/CEO of NASENI, Mr Khalil Suleiman Halilu. 

On staff welfare, the Chief of Staff noted that creating an enabling work environment is very important to boosting staff morale and productivity. 

He noted that due to NASENI’s location at the Idu industrial layout, Abuja, approximately 30 kilometers from the city center, the management should provide adequate support to ease transportation costs for employees.

In his remarks, Halilu thanked President Tinubu for his unflinching support to the agency. 

He reiterated the agency’s commitment to conducting research and development, as well as the production and commercialization of products that contributes directly to Nigeria’s GDP and improve the lives of the people.

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