LAGOS COURT JAILS NOGASA CHAIR, FATUYI PHILLIPS 21 YEARS FOR N43. 5M FRAUD. (PHOTO). #PRESS RELEASE
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
Lagos State Governor,Mr Akinwunmi Ambode today tuesday said the stark realities of the current economic recession could be a blessing if concerted efforts are geared towards harnessing other critical sectors such as tourism apart from the major focus on oil.Governor Ambode,who spoke at the National Tourism Conference held at Eko Atlantic City {EAC} in Lagos in commemoration of the World Tourism Day,said the current economic situation offered an opportunity for the country to re-order economic priorities and develop other revenue generating channels.He said the conference,which was organized by the Federal Ministry of Information,Culture and Tourism,was a necessary and strategic decision that would enhance the prospects of diversifying the revenue generation channels of the country for the developed and growth of national economy.Governor Ambode,who was represented by the Deputy Governor,Dr Idiat Oluranti Adebule,said there are components States blessed with natural tourism sites which could be developed to harness opportunities that would generate wealth and create jobs for the people.''The potentials of this sector can only be harnessed if we create the right environment for investment to thrive.We must open up the sector through incentives,attractive policies as well as the provision of world class infrastructure,'' the Governor said.More photos below.
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