LAGOS COURT JAILS NOGASA CHAIR, FATUYI PHILLIPS 21 YEARS FOR N43. 5M FRAUD. (PHOTO). #PRESS RELEASE
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
According to Finance Minister Ngozi Okonjo Iweala,She said ''There is no war,there is an insurgency,we are not in a Colombia situation''.This was what she said on sunday to an international magazine,in her car in Abuja on her way as she headed to the airport to fly to NewYork.She also said Boko Haram,who have raided schools,churches,government offices and security posts in theit fight to carve out an Islamist enclave,mostly affected around 5% of the nation's territory,the northeast states of Borno,Yobe and Adamawa,but she acknowledged Boko haram had shown it could strike further south.She said further ''WEF is still going to hold'',this what she said to the host of the African Davos which was previously been held in cities such as Cape town and Addis Ababa.Nigeria is mounting the largest security operation it had ever staged for an international summit,deploying 6,000 soldiers and police.
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