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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486 SOUTH AFRICAN MINE WORKERS,RESCUED FROM A FIRE OUTBREAK UNDERGROUND,IN HARMONY GOLD.

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                          According to sources,the fire started yesterday sunday around 8am and initially some 200 miners were unaccounted for.All operations other than essential services at the mine had been suspended.The mine company spokeswoman Charmane Russell said ''All 486 employees have been brought to the surface safely.This is a credit to employees,unions,company and the efforts of the mine rescue service''.The fire started about 1.43 miles underground during maintenance on an air cooler at the Kusasalethu mine,a deep level operation west of Johannesburg that is Harmony's single largest gold producers.One more photo below.

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