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
According to sources,at least 100 shop and three cars have been burnt in an early morning fire which emgulfed Jakande Market at Ikosi,Ketu area of Lagos state.The fire was said to have begun around 4:00 am,with goods worth millions of naira destroyed in the inferno.Michael Akinde,General Manager of LASEMA said ''The inferno started at about 4:00am on 28th of January 2016 at Jakande market,Ikosi-Ketu.The cause of the fire is yet to be ascertained,but parts of planks section,banana section,and section where tyres are sold have been burnt down by fire.Threee vehicles were also burnt completely,several numbers shops were completely razed down.However,no life was lost to the inferno and nobody sustain injury but goods worth fortunes were burnt.The combined effort of LASEMA's Emergency Response Team,ERT and the Lagos State Fire service from Alausa and IIupeju stations were able to curtailed the fire from spreading further and causing more havoc.Goods worth fortunes were salvaged,saying that men of the Rapid Response Squad,RRS and police officers from Ketu Police Station were on ground to provide security''.He said post disaster assessment would be conducted by LASEMA accordingly,while advising market authorities to put in place safety and emergency preparedness measures such as fire hydrant to avert and adequately respond to fire incidents and other emergencies.One more photo below. 
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