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 and his Kebbi State counterpart,Alhaji Atiku Bagudu today launched the much anticipated Lagos-Kebbi Rice christened LAKE RICE,saying that the partnership which culminated into the launch was not only designed to ensure food security but showcase the ability of Nigeria to become a producing nation.Speaking at the launching ceremony held at Lagos House in Ikeja,Governor Ambode said the development was a great and historic moment for both states and Nigeria,as the rice would not only be sold at highly reduced price,compared to what obtains in the market,but is also very fresh and safe for consumption.''Today is an historic day for Lagos and Kebbi States.In March this year,we signed an MOU with an understanding that we,being proudly Nigeria,we want to come out with what is made in Nigeria and what is good in Nigeria.We took all that President Muhammadu Buhari said that we need to grow our food and we decided that we will prove a point and that is what today is all about.LAKE RICE is of good quality.The major difference between LAKE RICE and the ones imported is that the imported has a minimum storage of five to six years storage life span,but LAKE RICE is fresh,'' the Governor said.He said the partnership would in the nearest future lead to an expansion of production of the rice,saying that Lagos has the largest consumption market.Giving a breakdown of the prices,Governor Ambode said that while the 50kg will sell for Twelve thousand Naira only,the two five kg would go for N6,000 and Ten Kg for Two thousand five hundred ,adding that for now,an individual would only be allowed to purchase a bag to enable it go round.More photos below.
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