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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HAVE YOU SEEN THE NEW 100 NAIRA NOTE?.

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               It was promised by the Central Bank of Nigeria {CBN},that the new 100 naira banked note unveiled recently by president Goodluck Jonathan,is going into circulation from today friday.This is contained in a statement signed by Ibrahim Mu'azu,Head of Corporate Communications,today friday in Abuja.The statement directed all branches of the bank to commence issuance of the currency in their respective locations.''The commemorative note,will circulate alongside the existing N100 note.The note,which is embedded with features to assist the visually impaired recognise genuine notes,also has other security features easily identifiable through look,feel and tilt of the currency note''.More photos below.                                                                                                            

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