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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NIGERIAN INTERNATIONAL PASSPORT,RANKED 57TH OUT OF 199 IN THE WORLD.

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                          According to the Passport index,the Nigerian pasport is ranked 57th in the world out of 199 indexed passports.The interactive tool recently unveiled by Arton capital,a financial advisory firm which specialises in procuring multiple citizenships for its clients.The Head of Communications for Travelstart Nigeria said ''Arton Capital's assessment bodes well for Nigerians who love to travel.Currently,Nigerian passport holders enjoy visa free access countries in the world including Fiji,Dominican Republic,Madagascar,Mauritius and Kenya.Visa-free travel is extremely important because it facilitates doing business in foreign territories,and for leisure travelers it reduces the costs and administrative hassles of international travel''.The United Kingdom and United states share the highest passport power rank in the index with access to 147 countries,while Palestinian Territories,Myanmar among others have the lowest with visa free access to just 28 countries.Nigeria holds the same rank on the passport ranking as with Tunisia,Zambia,Mali,Namibia,Philippines,Saudi Arabia,Azerbaijan,Tanzania and Bahrain.

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