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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JAY Z IS NOW THE NEW OWNER OF A CHAMPAGNE BRAND THAT COST $200,000,PER BOTTLE AND $300 PER GLASS.

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New business venture: Jay Z has splashed out an 'undisclosed amount' on buying his favourite Armand de Brignac champagne company from Sovereign Brands                      Rapper Jay Z has been a fan of the luxury brand ''Armand de Brignac'' champagne,which retails from $300 a glass and $200,000 for the whole 30 Litre bottle.Jay Z purchased the alcohol label from Sovereigh Brands for an undisclosed amount,making the company an offer the company simply couldn't refuse.Yvonne Lardner,the Global  Director of Brand Communication for Sovereign said ''We are proud to announce that Sovereign Brands,a New York based wine and spirits company,has sold it's interest in the Armand de Brignac Champagne brand to a new company led by the globally renowed Shawn Jay Z Carter.We had a wonderful relationship with Jay Z throughout the years since he first discovered Armand de Brignac.He became interested in owning the brand and made us an offer we simply couldn't refuse''.More photos below.                                                                                                                                                    Luxury bubbly: A bottle of the 'Ace of Spades' fizz sells for $300, but those with cash to spare can fork out over $200,000 on a special 30-litre bottleFancy: Armand de Brignac champagne is stored in the cellars of the Cattier champagne family house in Chigny-les-Roses, FrancePower couple: VOGUE recently reported the pair's estimated joint net worth now stands at $1 billion 

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