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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FETUS KEYAMO,WANTS THE BUHARI GOVERNMENT TO PROBE THE KEROSENE AVIATION FUEL SCANDAL.

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                                                                Today friday the 3rd of September 2015,Barriste Festus Keyamo demanded an immediate probe of the allegation that household kerosene was distributed as aviation fuel by some oil marketers with a consequential danger to human lives.Festus Keyamo said to the press that ''On thursday,September 3,2015,the media was awash with a scary story of how some unscrupulous oil marketers now sell household kerosene as aviation fuel all in a bid to make astronomical and criminal profit at the expense of thousands of human life.This expose,if found to be true,can best be described as the height of man's inhumanity to man.The reports also have it that the said kerosene is sold by the PPMC at the ex-depot and regulated price of N40.90 per litre with the objective of reselling to the average Nigerians at the pump price of N50.00 per litre.However,given the fact that the said HHK share some physical and chemical properties with Jet A1 aviation fuel,some marketers have resorted to diverting it to both local and international airline operators in place of aviation fuel at the rate of N140 per litre.The dangerous implicatios of the use of household {HHK} as aviation fuel are listed to include the following:significant damage to the aircraft and engine,fuel system corrosion,clogging of fuel filtration components,failure of aircraft fuel system instrumentation and stopping of the fuel supply to the engine during flight.In effect the use of HHK as aviation fuel portends a serious and grievous threat to the flying public.Your Excellency,i most humbly urge you to continue to remain firm and resolute in your resolve to fight corruption and impunity in all facets of our national life.It would appear that the oil industry in Nigeria stinks to high heavens and the earlier you descend on it with the full weight of the law,the better for all of us''.

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