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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U.S DONATES AN ADDITIONAL $37 MILLION TO ASSIST NORTHEAST NIGERIA.{PHOTO}.

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                 Following a trip to Maiduguri at the center of the Boko Haram insurgency this week,USAID's Office for Foreign Disaster Assistance Director Jeremy Konyndyk announced $37 million in new funding to support additional humanitarian assistance for people affected by the conflict and severe food insecurity in Nigeria and throughout the Lake Chad Basin.At a press conference today wednesday at the Nigeria Emergency Management Agency,Konyndyk said the funding for assistance implemented by International NGO s and UN agencies brings the total USAID humanitarian support for the region to $318 million since last year.The United States is the single largest humanitarian donor to the region.''The United States is committed to supporting Nigeria to ease this humanitarian crisis,'' Konyndyk said,and help sustain this vulnerable population until they can resume livelihoods upended by conflict'''.Despite gradually improving security conditions,the humanitarian situation remains dire.Throughout the region,approximately 5 million people need emergency food assistance and 2.5 million people are displaced.''These issues are enormous,'' Muhammad Sani Sidi,director general of the Nif=geria Emergency Management Agency said,but added we are working toward a ''full recovery.'' including job skills training for the displaced.

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