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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24 NIGERIAN STUDENTS,WERE RECENTLY OFFERED UNIVERSITY SCHOLARSHIP BY THE CHINESE GOVERNMENT.{READ}.

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                     The scholarship is part of the China-Nigeria Bilateral Education Agreement {BEA}.Qin Jian,charge in charge of the affairs of the Embassy of China in Nigeria,said at a pre-departure ceremony held for the beneficiaries in Abuja that education is one of the important areas of cooperation between the two countries.Qin said late thursday that ''It is not only a demonstration of the close people-to-people exchanges between China and Nigeria,but also a great inspiration for deepening our bilateral exchange and cooperation in educational field in the future''.He urged the awardees to seize the opportunity to study hard while getting to know China well and enhance friendship.''In an environment of different languages,culture and life in China,I hope you will overcome any difficulties and challenges with courage,make full use of time,acquire professional knowledge,and strive for excellent results so as to live up to the expectations of your parents and your mother country,'' he added''.According to another source,currently,about 237 Nigerian students are studying in China under government scholarship.

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