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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ORANGE COMPANY ACQUIRES AIRTEL OPERATIONS,IN BURKINA FASO TODAY.

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             Today wednesday Orange and Bharti Airtel International signed a deal that will allow Orange's acquisition of Airtel's operations in Burkina Faso and Sierra Leone in a strategy to invest in emerging markets.This comes a day after agreeing to buy Cellcom in Liberia.Orange will acquire 100% stake in the two companies share capital.Orange and Bharti Airtel first disclosed they were holding deal talks in July 2015,at the time,Orange said it was exploring the possibility of acquiring Airtel's operations in Chad and Congo Brazzaville,in addition to Burkina Faso and Sierra Leone.No purchase price was given but Orange said it would be around eight times both companies annual operating profits before taxes and charges.The deal still subject to regulatory approval,will add 5.5 million mobile phone customers to Orange's portfolio.It will also raise Orange's presence in Africa to 20 countries.One more photo below.                                                                                                                       

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