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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PRESIDENT BUHARI HAS GIVEN THE APPROVAL FOR ADDITIONAL CRUDE OIL TODAY,TO END THE ON GOING FUEL SCARCITY.

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                                     In a statement titled ''NNPC determined to end fuel scarcity''.Its Group General Manager,Group Public Affairs Division,Garba Deen Muhammed,said that due to the challenges that major oil marketers face in contributing their supply quota due to constraint in accessing foreign exchange and outstanding subsidy obligations NNPC is burdened with the obligation to guarantee almost 100% in the national supply,since the domestic crude oil supply {445,000 bbls/d} can only guarantee about 50% of the 45 million litres national requirement for petrol,we have secured presidential approval to take additional crude oil volume to guarantee national supply of petrol''.Explaining the causes of the scarcity,the spokesman noted that in continuing with our desire to keep Nigerians abreast of the key actions taken in the downstream petroleum sector,NNPC re-assured Nigerians that it was on top of the petroleum products supply and distribution situation,and it remained committed to eliminating this endemic issue once and for all within the next few days.One more photo below.                                                                                                                                             

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