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
Governor Ambode who was spoted in a made in Nigeria cloth at the ongoing First Lagos Micro,Small & Medium Enterprises {MSMEs} Exclusives Fair at the Adeyemi Bero Auditorium,Alausa Ikeja on thursday,May 5,2016,was appointed as the Vice President of Commonwealth Enterprise and Investment Council {CWEIC},an interest group established to promote trade and investment by facilitating engagement between Government and the private sector throughout the Commonwealth.Chief Executive Officer of CWEIC,Oliver Everett,who stated this while meeting with a group of Nigerian businessmen at the Lagos House in Alausa,Ikeja said Governor Ambode would be in office alongside Rt. Hon Jeffrey Mountevans,the Lord Mayor of the City of London as co-Vice President of the Council for the next one year,subject to renewal for another year.Everett,whi was in Nigeria to talk to small business owners on investment opportunities in Commonwealth bnations,especially in Europe,said the appointment of Governor Ambode was a major pointer to the fact that Nigeria and indeed Lagos is open for real and serious investment.The meeting with a select group of small business owners was facilitated by the Office of the Special Adviser on Oversees Affairs and Invest ment,otherwise known as Lagos Global,a one stop shop created by Governor Ambode's administration to facilitate investment and enhance ease of doing business in the State.While tutoring small scale business owners on investment opportunities in Europe,Everett advised them,for instance to avoid production of sugary drinks,saying a lot of people in Europe were now avoiding such drinks because of obesity,and would rather prefer natural drinks.He said Nigerians in the United Kingdom are the fourth largest spenders,and that there is already a huge market for Nigerian goods in that regard,as well as to Europeans who love made in Nigeria goods.More photos below. 
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