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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18 PEOPLE WERE ROASTED TODAY IN A FIRE OUTBREAK ,IN CBN CALABAR.

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                    I just received an information from sources,that today friday an explosion thought to have been caused by a gas cylinder has rocked a Central Bank of Nigeria building in Calabar.Another source said eighteen people were roasted today friday while others sustained third degree burns at the CBN premises located at Calabar Road by the Millennium Park.The explosion which took place at about 11.45 am set the main edifice of the bank on fire effectively trapping many staff and visitors which occasioned for the high casualty fire.The Acting Inspector General of Police in charge of zone six,Calabar,Mr Baba-Adisa Bolanta,who also inspected the scene,said the explosion was suspected to be from the gas in the central air-conditioning unit.''This is just an initial assessment,and it is not confirmed yet.it is when a final result has been given that we will confirm what really happened''.More photos below.                                                                                                                       

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