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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A STATE THAT DOES NOT PAY ITS WORKERS IS INVITING CALAMITY-GOVERNOR OBIANO.

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                                 Governor Obiano made this remark during the commencement of the Anambra State Fire and Safety Summit in Awka yesterday wednesday.The governor who expressed fear that the dollar would continue to rise against the naira,predicted that it would take no fewer than 18 months for the economic downturn in the country to subside.The Governor said ''A state that does not pay its workers is inviting calamity.Payment of workers salaries energises the economy.We saw this recession early and made agriculture one of the pillars of our administration.This is why we have been paying our workers.It is wicked to owe workers at a time like this.People should embrace risk management.That is the solution to disaster,especially in a recession.No recession lasts less than 18 months,so we need to wake up.The naira is moving to N500 per dollar.We need to secure our certificates and other valuables of ours so that nothing will happen to them overnight.That's the way to survive in a recession''.The governor,however observed that the people of the South-East geopolitical zone had not been paying attention to insurance.''My expectation is that our people will be better informed about disaster and its management after listening to the various speakers at this summit''.
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