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

THE NIGERIAN CUSTOMS TODAY,BLACKLIST 3 MAJOR COMMERCIAL BANKS IN NIGERIA.

                 GTB,Fidelity and Diamond banks has been suspended by the Nigerian Customs Service {NCS} over their non compliance with the partnership agreement with the agency on the matter.The Public Relations Officer of Nigeria Customs service,Mr Wale Adeniyi,made the fact know in an interview with NAN in Abuja today monday.He said the suspension became effective immediately.Adeniyi named the banks as GT Bank Plc,Fidelity Bank Plc and Diamond Bank Plc and called on relevant stakeholders to take note of the new development.''The three banks were suspended because they did not discharge their full obligation as partners in the customs revenue collection scheme.Unfortunately,they failed to discharge their responsibilities in accordance with the terms of the agreement they signed with Nigeria Customs Service.We might not be able to provide you with the details now but we believe that in the course of our investigations,we will be able to provide more details.However,we will continue to work with the banks and relevant stakeholders to ensure speedy resolution of the contending issues and possibly reinstate the affected bank''.

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