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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MALI TO RECEIVE 360 MILLION EURO FROM FRANCE,TO REBUILD THEIR NATION

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                         According to French President Francois Hollande said today wednesday during a visit by Mali's President Ibrahim Boubacar Keita that Mali will receive 360 million euros {$408 million} from France for 2015-2017.The funding is aimed at helping rebuild the West African nation,especially its northern region,which has been torn by years of separatist Tuareg rebellion and attacks by al-Qaeda linked Islamists.A French led military intervention in January 2013 helped drive out Islamists militants who had occupied northern Mali following a Tuareg uprising and a military coup in the capital.

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