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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DO YOU KNOW THAT THE NATIONAL ART THEATRE IN IGANMU LAGOS,HAS BEEN SOLD SECRETLY?

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                   According to sources,the National Arts Theatre in Iganmu Lagos state,has been sold secretly by the Minister of Culture and Tourism,Edem Duke,ho traveled to the United Arab  Emirates,where he traded off the theater to Mulk Holding,a company based in the UAE.The deal was signed and sealed these month of December 2014 for $40 million.According to the CEO of  National Theater Kabir Yaradua who said that ''The interior of the National Theatre will be redesigned and renovated into a modern duty free and retail shopping mall.The project will convert approximately 30,000m2 of the existing space in two 15,000m2 phases''.I condemn the sale because they would have done all the renovations without the help of any external help.What is the difference between the people that stole almost all our art works before independence and the sale of the National Art Theatre?.

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