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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OVER 200 SHOPS IN IBADAN PLANK MARKET GOT BURNT TO ASHES YESTERDAY.

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               Yesterday friday ''Christmas day'',more than 200 shops in Sango Plank Market Ibadan Oyo state,was burnt to ashes.The shops were located at Alaro area of Sano.The fire was said to have started at about 3:00 pm and it was still burning as at 7:30pm with the men of the Oyo State Fire Service struggling to put it out.The loss in the fire is estimated at N250 million.It was gathered that the fire was fuelled by the large stock of planks in each of the shops and heaps of saw dust scattered around the market,coupled with the effect of the dry season.Only one fire service tanker was at the scene of the incident.As a form of self help,traders ordered tankers of wateradd to the water needed by fire fighters.The traders wailed as they saw their wares in flames with efforts too little to quench the raging fire.Apart from the planks,several sawing machines and other logging equipments were lost in the fire.One of the affected traded simply identified as Adegoke said  ''I am a medium sized trader but we have some of  us with planks and equipment worth more than N5m in their shops''.One more photo below.                                                                                                                                          

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