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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FINE COAT PAINT FACTORY IN ALAGBADO LAGOS,WAS ALMOST BURNT TO THE GROUND TODAY.

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                           These Alagbado fire outbreaks is becoming suspicious because last week,it was AIT studio that was on fire.The AIT studio started because of high voltage that affected the air-condition,today again,sources sent in some pictures,claiming that not less than few hours ago,''half of Fine Coat Paint factory,at Alagbado Casso bus stop in Lagos has been razed down by fire.The fire started from small and it increased by spreading to the other part of the building,burning half of the building''.From the pictures sent in,it's obvious the fire is thick and it must have destroyed a lot of properties.Even from a distance,you will notice the thick smoke.No official report has been issued,if anybody died or not in fire.One more photo below.           

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