LAGOS COURT JAILS NOGASA CHAIR, FATUYI PHILLIPS 21 YEARS FOR N43. 5M FRAUD. (PHOTO). #PRESS RELEASE
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
Today thursday,FIFA banned two Spanish clubs,Atletica de Madrid and Real Madrid for international transfer of minors and signing players in the next two transfer window,meaning for breaching rules relating to signing players under the age of 18.FIFA said today thursday that its Disciplinary Committee has sanctioned the two Spanish clubs.Though the Spanish clubs can still sign players in the current tranfer window,they will be banned from making additions to their squads until after the 2016-17 season.''Real and Atletico were found to have violated several provisions concerning the international transfer and first registration of minor players as well as other relevant provisions with regard to the registration and participation of certain players in competitions.Both clubs are to serve a transfer ban that prevents them from registering any players at national and international level for the next two complete and consecutive registration periods for braching articles 5,9,19 and 19b as well as annexes 2 and 3 of the Regulations on the status and Transfer of Players {the regulations}.Atletco de Madrid and Real Madrid have been fined CHF 900,000 and CHF 360,000 respectively,while both clubs have been issued with a reprimand and given 90 days in which to regularise the situation of all minor players concerned''.One more photo below. 
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