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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EID-EL-KABIR: WE SHOULD ALL PRAY FOR PEACE AND ECONOMY RECOVERY.-SARAKI.

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                          I sincerely rejoice with all Nigerians especially the Muslim faithful on yet another Eid-el-Kabir,which is both a period of sacrifice and obedience to divine guidance and a time to share our resources with our neighbours no matter how little.It is also a call on all of us to love one another,eschew all forms of violence,adhere strictly to the noble tenets of Islam and peaceful coexistence.We must not relent in being our brothers keeper and playing our part to achieve the New Nigeria of our dreams
Truly,times are tough,but we are a tough people too.Therefore,I have no doubt that we shall overcome our present economic setback sooner than anticipated,if we all commit to the ideas of nation building.I also enjoin everyone of us to contribute in strengthening the bond of unity and oneness that exists among us.This,I believe,will spur us to avoid negative tendencies that could derail our efforts at ensuring faster economic revival and socio-political stability.

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