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

IBRU WAS A TRAILBLAZER-SAYS SARAKI SENATE PRESIDENT.

                        Senate President,Dr Abubakar Bukola Saraki,on Wednesday expressed deep sadness over the death of the patriarch of the Ibru Dynasty,Olorogun Michael Christopher Onajirevbe Ibru,at the age of 85 years.Saraki in a statement by his Special Adviser on Media and Publicity, Yusuph Olaniyonu,in Abuja,described the late Ibru as a colossus and trailblazer,who impacted humanity tremendously and positively.He said: ''Olorogun Ibru,as he was fondly called,was a pioneer of great repute who contributed immensely in entrenching private entrepreneurship and business development in Nigeria.Simply put,he was a trailblazer in the art of running successful business and transforming local concerns into internal brands.He started small,grew great and became an undisputed reference point in the nation's business firmament and beyond.He was a businessman,philanthropist,educationist and community leader whose unassuming and humble lifestyle often  belied his immense achievement,great wisdom and uncommon managerial acumen.He practically transformed Agbarha-Otor,his hometown with several development projects.''I can say that he is one of the phenomenal personalities in our time who successfully immortalized themselves before bidding goodbye to thi plane of existence.His likes are rare.He shall be sorely missed,'' he lamented.
Saraki further commiserated with the Ibru family,the people and Government of Delta State and all Nigerians over the sad and irreparable loss.He urged the immediate family of the deceased and those that love him to tke solace in the fact that the ''Fisherman of Nigeris'' spent his life meritorously in the service of God and humanity.He prayed God to grant the soul of the late patriarch eternal life.

Yusuph Olaniyonu
Special Adviser {Media and Publicity} to the Senate President.

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