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 BUHARI TO APPOINT HIS CABINET IN SEPTEMBER,AFTER HE MUST HAVE ROOTED OUT CORRUPTION.

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              In a recent article in the Washington Post,President Muhammadu Buhari explains why he has not appointed his cabinet more than three months after sworn into office as the President.In the article,he said he needed time to root out corruption before naming his ministers.''Nigeria must first put new rules of conduct and good governance in place.When cabinet ministers are appointed in September,it will be some moths after i took the oath of office.It would have been neither prudent nor serve the interests of sound governments sooner.People in positions of power under previous administrations had been able to plunder state coffers with impunity.The fact that i now seek Obama's assistance in locating and returning $150 billion in funds stolen in the past decade and held in foreign bank accounts on behalf of former,corrupt officials is testament to how badly Nigeria has been run''.

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