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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THE ELECTRONIC TRANSACTION BILL PASSED IT'S 3RD & FINAL READING TODAY-SARAKI.

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                        Today on social media Senate President Bukola Saraki confirmed that Today,the Electronic Transaction Bill has passed its third and final reading at the senate.He said ''Today,the Electronic Transaction Bill passed its third and final reading at the Senate.If implemented,this Bill will guarantee the integrity of the electronic commerce environment.Once implemented in electronic form for conducting business transactions in Nigeria.It will also encourage and approve the use of digital signatures for electronictransactions,and provide a legal framework that will assist consumers on their rights when they use electronic transactions.The Senate also considered Steel Mill,where we urged the Federal Government to immediately get Ajaokuta Steel Company working,to facilitate employment and boost this critical sector of our economy.Sen.Shehu Sani brought a motion on the tuition rates to the floor of the Senate and the attention of the Senators.The Senate resolved to urge the Federal Government to increase funding to the Nigerian Law School. Other items considered today were the motion on Global Population Increase and the need for Nigeria to have a comprehensive population strategy on development planning and a Motion on launching an investigation into how the funds of the Niger-Delta Development Commission {NDDC} have been used overtime''.More photos below.                                                                                                                 

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