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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SHELL APPOINTS NEW VICE PRESIDENT FOR NIGERIA & GABON.

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Image result for shell logo                                         According to Vanguard,Shell has appointed a new Vice President for Nigeria and Gabon.He is Peter Costello and succeeds Markus Droll who assumes a new role of Executive Vice President,Projects in Shell International based in Rijswijk,The Netherlands.Peter Costello has spent over three decades in the oil and gas industry,starting his career in British Gas and working in the UK,India,The Philippines,Thailand and Kazakhstan.He tansferred to Shell following the combination with BG in June 2016.Peter,who has assumed duty in Lagos,said: ''I come to Nigeria with high hopes of what we can do to build on the excellent work that I've met on the ground.Shell Companies in Nigeria are major contributors to the economy,through the energy they produce and the revenues they generate for the country,'' among others,but also via their supply chains,local content and social investment.Given the exceptional talent here and the huge resource base of the country,I'm confident we can address the challenges in our operating environment,and continue to deliver real value to all stakeholders.My sentiments for Gabon are similar as we work to reposition our business and take advantage of new opportunities,''
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