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 GENERAL BUHARI,SAID ''I WILL FOCUS ON AGRICULTURE NOT CRUDE OIL''.

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                         Yesterday sunday,General Muhammadu Buhari said these in Abuja while he was receiving Northern elders led by Nigeria permanent representative at the United Nations,Alhaji Maitama Sule,visited him.He said he would address the problem of unemployment as it was one of the biggest challenges facing the nation.''The biggest message is to try and persuade the people that it is not possible to change the state of affairs now.It took 16 years,and those 16 years,most of you know it better than myself,Nigeria earned revenue more than what it earned from 1914 till then.In the economy,we have to quickly turn to agriculture and mining because that is where you can do the quickest work and earn results.In other areas,you need to study them and dust all the books and studies and get people,experienced people,committed people,technocrats to come and help the government.They need to help the government to identify priorities so that with what is available to us,we can quickly make our people realize their hope for the government they have chosen''.He further said that for this administration to enjoy relative peace,security,job creation and infractructural facilities in place,the power sector was paramount.

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