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
The Airline's CEO,Mbuvi Ngunze,said the restructuring would affect various departments and all cadres of staff.He however explained that the process would be in compliance wIth labour laws,Collective Bargaining Agreements and individual staff member's contracts as appropriate.''The decision communicated above is not made lightly,I also want to thank our people affected in this process for their commitment and hard work and wish them every success in their future endeavour''.Kenya Airways,which had been recording reduced profits for the last four years,embarked on a programme dubbed Operation Pride last year.The programme is aimed at improving profitability,revisit operating model and network and seek long-term sustainable financial structure.Ngunze said the company had made substantial changes on some aspects of its business in the last few months.One more photo below. 
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