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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IN HIS SPEECH TODAY,BUHARI EXPLAINED WHY THE SUBMISSION OF THE MINISTERIAL LIST WAS DELAY.

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            During the nationwide  broadcast today thursday to mark Nigerian 55th independence anniversary,he said he was aware of anxiety and heat generated in Nigeria and abroad by the delay in appointing his ministers.He said ''Fellow Nigerians,there has been a lot of anxiety and impatience over the apparent delay in the announcement of ministers.There is no cause to be anxious.Our government set out to do things methodically and properly.We received the handing over notes from the outgoing goverment only four days before taking over.Consequently,the Joda Transition Committee submitted its report on the reorganization of federal government structure after studying the handover notes.It would have been haphazard to announce ministers when the government had not finalized the ministries to optimally carry the burden of governance.Order is more vital than speed.Careful and deliberate decisions after consultations get far better results.And better results for our country is what the APC government for change is all about''.

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