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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PRESIDENT BUHARI IS SET TO ATTEND THE 4TH AFRICA-ARAB SUMMIT IN EQUATORIAL GUINEA,NOVEMBER 23.

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Related image                         Mr Femi Adesina,the President's Special Adviser on Media and Publicity,made this known in a statement in Abuja today monday.According to Adesina,the summit which will be attended by Heads of State and Governments from Gulf and African countries,is expected to endorse the Malabo Declaration and Action Working Plan for 2017-2019 to promote trade and economic ties.The two year plan seeks to implement priority projects in trade,investment,transportation,communication and energy in Africa.''In Malabo,President Buhari is also expected to hold discussions with Arab leaders aimed to review agreements to strengthen partnerships that bolster agriculture and infrastructure development in Nigeria through long-term concessionary loans and technological skills transfer''.Adesina stated that the President would also explore the opportunity of getting support for the ongoing fight against Boko Haram and the humanitarian situation in the North East.The summit is jointly organized by the African Union Commission and league of Arab States.It focuses on promoting development by strengthening trade,investment,transport,communication and energy among Gulf and African states.
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