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

VICE PRESIDENT OSINBAJO,LEFT NIGERIA TODAY TO ATTEND THE 8 SUMMIT OF HEAD OF STATES,IN PAPUA NEW GUINEA.

                                                  Vice President of Nigeria Yemi Osinbajo will represent the President of Nigeria Muhammadu Buhari at the 8th Summit of Head of States of African,Caribbean and Pacific Group of States holding in Papua New Guinea from May 30-June 1.Prof.Osinbajo will join leaders from 78 other countries to address the summit in Port Moresby,Papua New Guinea.The summit will discuss the future of the ACP Group as a ''revitalised cohesive force advocating the interests of its member states in the international arena''.A statement from the Secretariat of the organization added that discussions at the summit will also review recent key international developments,including Agenda 2030 and the Sustainable Development Goals,issues of migration,climate change and the fight against terrorism.One of the main objectives of the ACP group is the ''Sustainable development of its Member-States and their gradual integration into the global economy,which entails making poverty reduction a matter of priority and establishing a new,fairer,and more equitable world order.The African Caribbean and Pacific Group of Statess {ACP} is an organisation created by the Georgetown Agreement in 1975.It is composed of 79 African ,Caribbean and Pacific states,with all of them,save Cuba,signatories to the Cotonou Agreement which binds them to the European Union.There are 48 countries from Sub-Saharan Africa,16from the Caribbean and 15 from the Pacific'',in the APC.Vice President Osinbajo left Abuja early today sunday and will return this week thurday.One more photo below.                                                                                                                                                                     

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