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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FOLORUNSHO ALAKIJA,UNSEATS OPRAH WINFERY AS THE ''WORLD RICHEST WOMAN''.

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            I must confess i have met her before and the talk she delivered with Donald Dukes wife coupled with her life experience she shared with us,made me to draw these conclusion that she is the most humble Billionaire i have ever met.She was named the most richest woman by Forbes magazine with a fortune worth $7.3bn while Oprah is worth $2.9billion ,almost $6bn difference,despite the oil crash in Nigeria.The National President of Independent Shareholders Association {ISAN} Sunny Nwosu said that her ranking as world's richest black woman is understandable because she owns one of the biggest oil wells in the country that is managed on her behalf by a leading multinational oil corporation,''Her oil well is one of the investments the millitary government bequeathed to people like her''.I personally congratulate her because she deserves it.One more picture below.                                                                                                                                 

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