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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KADUNA INTERNAL REVENUE SERVICE SEALS KADUNA ELECTRIC OVER N600M UNPAID TAX. (PHOTOS).

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 Kaduna Internal Revenue Service Seals Kaduna Electric Over N600m Unpaid Tax


The Kaduna State Internal Revenue Service has sealed the Kaduna Electricity Distribution Company over a N600m tax liability.


Speaking to newsmen after the exercise in the early hours of Friday, the Executive Chairman of KADIRS, Jerry Adams, said the operation was an execution of a court order to restrain KAEDCO over the liability due to the state.


Adams explained that the N600m tax liability was from 2015 to 2022, when they did all the reconciliations with KAEDCO agreeing to pay a substantial amount of the liability.


The executive chairman, however, lamented, “Till this moment, since last year that the liability was established, KAEDCO has not met what it committed to do.


“We are backed by the law to seal and take over their premises in order to ensure compliance, and that is what we executed this morning, “he said.


Adams called on other businesses, individuals, corporate organisations and the public to always ensure voluntary compliance in tax payments.

More photos below. 





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