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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IMPEACHMENT MOTION AGAINST THE PRESIDENT OF SOMALIA,HAVE BEEN DROPPED YESTERDAY.

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                     According to sources,Somalia's parliamentary speaker has withdrawn an impeachment motion brought against President Hassan Sheikh Mohamud the latest crisis to threaten the country's stability as it struggles to rebound from two decades of chaos and war.Somalia lawmakers last month filed the motion against Mohamud,accusing him of abuse of office and betraying the country.Mohamud has said he is committed to holding elections before his term runs out in August 2016.''We have dropped the motion against the president parliament speaker Mohamed Sheikh Osman Jawari said late yesterday friday,adding that he had convened a meeting on October 7 to try to resolve the issues raised in the motion.Jawary said he made his decision because the majority of parliament's 275 lawmakers wanted the motion resolved through dialogue.''This also came after considering the political security and economic situation of the country and the short period available''.But Mohamed Abdullahi Fadhaye,one of the 93 lawmakers who supported the impeachment motion,rejected the speaker's decision.

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