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 WILL BE LEAVING FOR A WORKING VISIT TO CHINA,TOMORROW SUNDAY.

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               In a statement issued today saturday by presidential spokesman,Femi Adesina state that ''It is expected that in the course of the visit,several new agreements and memorandums of understanding to boost trade and economic relations between Nigeria and China will be concluded and signed.The agreements include a Framework Agreement between the Federal Ministry of Industry,Trade and Investment and the National Development and Reform Commission of the Peoples Republic of China to Boost Industrial Activities and Infrastructural Development in Nigeria.Others are a Framewwork Agreement between the Federal Ministry of Communications and China Aerospace Science and Technology Corporation,and a Memorandum of Understanding between Nigeria and China on Scientific and Technological Cooperation''.The statement added that Buhari and his delegation wil,in keeping with his administration's prioritization of economic diversification and industrialisation to boost employment,tour the Shanghai Free Trade Zone and the Guangzhou Economic and Technological Development Zone to gain more useful insights and understanding of the policies that underpinned China's astronomical economic growth in recent years.It reads further ''The President,who entourage will include some state governors as well as the Ministers of Agriculture,Water Resources,Transport,Dence,Power,Works & Investment ,Federal Capital Territory,Science & Technology and Foreign Affairs,will also open a China-Nigeria Business/Investment Forum in Beijing and meet with members of the Nigerian Community in China before returning to Abuja at the weekend''.One more photo below.                                                                  

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