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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PETROLEUM MINISTER DEZIANI,REDUCES PETROL PUMP PRICE FROM 97 TO 87 NAIRA PER LITRE.

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                    Petroleum Minister Alison Madueke in a statement today sunday said ''As you may be aware,there has been a lot of volatility in the oil market in the past few months and due to this,the importation prices of our petroleum products have been impacted.Therefore,with the approval and directive of Mr President and by virtue of section 6 clause 1 of the Nigerian Petroleum Act,it is my responsibility as Minister of Petroleum Resources to hereby announce a reduction in the pump price of petroleum motor spirit {petrol} from the current ninety seven naira {97} per litre pump price down to eighty seven {87} naira per litre pump price,effective from twelve {12} midnighr sunday 18th of January 2015''.We thank God ohhhhhh.One more photo below.                                                                                                                                                 

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