LAGOS COURT JAILS NOGASA CHAIR, FATUYI PHILLIPS 21 YEARS FOR N43. 5M FRAUD. (PHOTO). #PRESS RELEASE
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
According to sources,the King of Saudi Arabia,late King Abdullah,died today friday morning at the age of 90,and sources said,he will be buried in an unmarked grave today.Hours after his death,there was a move to ensure a smooth transition by appointing a new King and crown a Prince that to quell fears of dynastic instability at a time of regional turmoil.Abdullah's successor is King Salman,and King Salman will now take over as the ultimate authority in a country that faces unprecedented challenges in the region/difficult long term domestic challenges,compounded by the plunging price of oil.Jamal Khashoggi,the Head of a News Channel owned by a Saudi Price,said ''I think Salman will continue with Abdullah's reforms.He realizes the importance of this.He's not conservative in person,but he values the opinion of the conservative constituency of the country''.More photos below. 
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