LAGOS COURT JAILS NOGASA CHAIR, FATUYI PHILLIPS 21 YEARS FOR N43. 5M FRAUD. (PHOTO). #PRESS RELEASE
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
According to CCTV,an Egyptian billionaire identified as Nagulb Sawiris has offered to purchase Mediterranean islands for refugees to call home and earn a decent living.The tycoon has identified two private Greek islands which he is negotiating to acquire.The story of the three year old Syrian child Aylan who washed up to a beach in Turkey after their boat capsized is what moved the billionaire to action.His plan to give the refugees an island has been stalled by lack of communication from Italy and Greece.Sawiris said in a statement that he has been approached by the {United Nation's refugees Agency UNHCR}to collaborate in the settlement project.The initial stage of the project is estimated to be worth 100 million dollars.Naguib Sawiris is the CEO of Orascom Telecom Media and Technology based in Cairo.The tycoon is the third richest man in Egypt and his ranked 10th richest man in Africa by Forbes.
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