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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AT LAST OIL MARKETERS,CALLS OFF THE STRIKE.

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                      The oil Major Marketers Association of  Nigeria {MOMAN} has finally reached an agreement with the government to begin supplying country with much needed petroleum products.Magnus Abe,the Chairman of the Senate committee on petroleum resources,informed press that a solution to fuel crisis has just been worked out during the meeting of MOMAN representatives,Major stakeholders in the oil and gas sector,senate committee on Petroleum resources and Ngozi Okonjo Iweala,minister of finance.According to that decision,petroleum products delivery across the country will be restated in six hours.At the same time the Nigeria Union of Petroleum and Natural Gas workers {NUPENG} and the petroleum and natural gass senior staff association {PENGASSAN},which had suspended their activities previously,have also decided to call off their ongoing strike to end the fuel crisis hitting Nigeria's economy.During the meeting,it was agreed that the department of petroleum resources has the right to revoke the license of those oil marketers which refuse to lift petroleum products across Nigeria.

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