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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THE MERGER OF FACEBOOK AND WHATAPP,HAS BEEN APPROVED BY THE E.U TODAY.

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               According to the E.U {Europian Union}competition commissioner Joaquin Almunia said in a statement that ''We have carefully reviewed this proposed acquisition and come to the conclusion that it would not hamper competition  in this dynamic and growing market.Consumers will continue to have a wide choice of consumer communications apps''.The U.S regulators also approved the acquisition in April,but warned Facebook that it had to abide by Whats App's stringent privacy practices.Facebook announced the acquisition of Whats App in February but today 3 October 204,E.U,regulators,approved the merger of Facebook and Whats App communication platforms.One more photos below.                                                                                     

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