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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EX-HOUSE OF REP MEMBER ''FAPARUSI'',IS CALLING FOR THE SACK OF THE CBN GOVERNOR TODAY.

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                A former member of the House of Representatives,Bamidele Faparusi,has called for the immediate removal of the Central Bank Governor,Godwin Emefiele.He hinged his call for Emefiele's sack on what he described as ''Poor management of the country's forex and fluctusation of the Naira on daily basis since he {Emefiele} assumed office during Goodluck Jonathan's administration.Faparusi who represented Ekiti South Federal Constituency 2 between 2011 and 2015,said it was quite disturbing that a dollar is now being exchanged for N3010 in the parallel market,when the official rate is N198,due to inconsistency of the CBN's forex policy under Emefiele.Speaking in a chat with reporters in Ado Ekiti on Monday,the All Progressives Congress {APC} chieftain expressed dismay that alleged poor handling of the economy under Emefiele's watch has led to the collapse of many businesses.''Many businesses have been crippled because of the poor handling of the economy under Mr.Emefiele.He has no reason to remain on that seat.He has been running the economy in a trial and error form.None of his policies had lasted for two weeks''.One more photo below.                                                                                                                                         

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