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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WAS IT WISE FOR SANUSI TO DROP THE CASE AGAINST GOODLUCK,A.G AND I.S.P?.

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           According to The Tribune,a national news paper in Nigeria,they said the Emir of  Kano and former Central Bank Governor,Lamido Sanusi has withdrawn the court case he instituted against President Goodluck Jonathan,the Attorney General and inspector General of police over his suspension as Central Bank Governor on February 20th 2014.According to the news paper,in a preliminary objectio filled by counsel for the president and counsel for the Attorney General of the Federation,they pray the court to decline jurisdiction on the suit,since it was labour related and as such,the National Industrial court is the appropriate court to hear it.The Federal High court rejected Sanusi counsel's argument that the Federal High court had jurisdiction to hear the suit.The court transferred the suit to the National Industrial court.After the  transfer of the suit,instead of striking it out,the President as well as the Attorney General of the federation,filed separate notices of appeal,challenging the Judgement .On tuesday,Sanusi however,filled a notice to discontinue the suit.Was it wise for Sanusi to discontinue the suit?                                                       

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