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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LAGOS STATE GOVERNMENT,ESTABLISHED A ONE STOP SHOP ABROAD TO ATTRACT INVESTORS.

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            Lagos state Governor Mr Akinwunmi Ambode yesterday wednesday stepped up his government's campaign for direct foreign investment in Lagos,where he seized the opportunity at the just concluded Common Wealth Business Forum in Malta,to invite investors to advantage of the numerous investment opportunities that abound in the state.The Commonwealth Business Forum in Malta,which was held from Tuesday 24 to thursday 26 November,attracted over 1,200 business leaders from 80 countries Lagos was the toast of many investors as the Special Session hosted by the State Government had prospective investors from several countries in attendance.Governor Ambode,who was accompanied to the forum by a strong contingent consisting Commissioners and a Special Adviser from the State Executive Council,intimated investors to various investment opportunities in Lagos state.''The strong team i have here with me is a statement of our commitment to facilitating business in Lagos for investors.With the establishment of the Office of Overseas Affairs and Investment,the government will eliminate whatever bottle-necks may want to frustrate investors.This over is a one stop shop that will handle all your needs and ensure that there are no obstacles hindering investors who come to our state''.More photos below.                                                    

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