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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EGYPT IS SET TO BE EXPORTING SELF BUILT DOUBLE DECKER BUSES,TO UK.

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                     According to sources,for the first time,Egypt has allocated a vehicle manufacturing line to produce British double decker buses for the British market.The line is expected to produce a total of 60 buses annually.Egyptian  Minister of Trade and Industry Tarek Kabil said ''Launching a direct line of car manufacturing for export.....shows trust in Egyptian industry''.The company produces between 8,000 to 10,000 tourism double decker,and public buses for export to markets of England,Australia,New Zealand,and Hong Kong annually.More photos below.                                             

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