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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PRESIDENT ELECT BUHARI,HOLDS SECRET MEETING WITH PETROL IMPORTERS TODAY.

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                    According to sources,the news of the secret meeting was broken today by Tokunbo Korodo,the south west Chairman of the National Union of Petroleum and Natural Gas Workers {NUPENG}.He said he had the information that the Deport and Petroleum Products Marketing Associstion {DAPPMA} is meeting with the president elect on the subsidy issue.He said ''I think the outcome of that meeting may determine if DAPPMA will reopen the deports for loading or import more into the country.The prevailing fuel scarcity may worsen if depot owners shut their deports to tanker drivers,no tanker driver had loaded petroleum products as at 1:30pm on monday.What i was told was that the Independent deport owners may have shut their depots to tankers driver because of the over N200billion owed them by the Federal Government.The relocation of the tankers from highways and the inabiity to load fuel at the depots were responsible for the free flow of traffic in Apapa axis.The recent directives by the Lagos state Government for tanker drivers to relocate from the highways within 48 hours,had not yielded any result.Tanker drivers have vacated the highways but other heavy duty vehicles,especially container driver have taken over.The government cannot chase tanker drivers away for other heavy duty vehicles to occupy the space.Lagosians should know that tanker have not been the problem of gridlock in Lagos.We occupied the road because we are told to pick fuel only at Apapa''.He urged the government to settle importers for calm to return to the sector.One more picture below.                                                                                                                                              Tokunbo Korodo

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