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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NOBODY SHOULD BE PRESIDENT FOR LIFE-OBAMA.

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               Today tuesday,President Barack Obama made some comments in his first ever address by a US leader to the 54 member AU at its headquarters in the Ethiopian capital,Addis Ababa,Obama said ''Nobody should be president for life''..Obama said that Africa could not advance it its leaders refused to step down when their terms ended.His the first ever US leader to deliver a speech at the 54 member body,with security and action against terrorism dominating his agenda.Obama was welcomed by AU commission Chair,Nkosazana Dlamini Zuma saying that Africa claims Obama as one of the sons of the continent.In his speech,Obama called for an end to the corruption,saying it took money away from development.

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