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 Reuters,Almost 90 miners were rescued and three other workers were missing after a cave in a gold mine in the northeast of South Africa today friday,mine owner Vantage Goldfields said.The collapse at the mine's main entrance trapped 87 workers underground,all of whom were rescued,the small gold producer said in a statement,but three others who had been working on the surface at the time could not be accounted for.No fatalities were reported.Work at the mine was suspended pending investigation on what caused the collapse,Vantage said.Mike Begg told reporters at the mine near the town of Barberton in Mpumalanga province,about 360 km {225 miles} east of Jahannesburg that ''The three missing are office workers,not miners.We are not going to rest until we find them''. Reporters were not allowed near the site where the cave-in occurred,and a crowd stood outside the perimeter fence awaiting word on the results of rescue attempts.Vantage Goldfields is an Australia based company mining gold at Barberton,a town that traces its origin to South Africa's 19th century gold rush.Vantage was delisted from the Australian bourse in January 2015.Manzini zungu,a pokesman for the Association of Mineworkers and Construction Union said ''At this point,it's unclear what caused the disaster''.More photos below. 
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