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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AMBODE MOURNS PASSAGE OF FORMER MINISTER,KUFORIJI-OLUBI WHO PASSED AWAY YESTERDAY.{PHOTOS}.

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Image result for dr bola kuforiji-olubi                                      Lagos State Governor,Mr Akinwunmi Ambode today sunday expressed shock and sadness over the death of foremost accountant and a former Minister of Commerce and Industry,Dr. Bola Kuforiji-Olubi.Dr Olubi,who was a former President of Institute of Chartered Account of Nigeria {ICAN},was appointed the first female Chairman of United Bank of Africa {UBA} in 1984,passed on at the age of 80 on saturday.Governor Ambode in a statement signed by his Chief Press Secretary,Mr Habib Aruna,described Dr. Olubi as a distinguished businesswoman,banker,economist and accountant,who cut her teeth in the corporate world.The Governor recalled the former minister's decades of distinguished career in the private and public sectors of national life,saying she was a role model to the future generation.''Dr Olubi was a woman of many firsts;she wrote her name in gold in the banking industry and was a pace-setter and leader in banking,manufacturing and entrepreneurship not only in Nigeria but also in Sub-Saharan Africa.It was not surprising that she was a proud and well-deserved recipient of National honours,fellowships,awards and honorary degress from the within and outside the country,'' Governor Ambode said.The Governor said Dr Olubi's legacies would continue to be a source of inspiration to the younger generation.Governor Ambode also prayed for the peaceful repose of he soul,urging her family to draw strength from the legacies she stood for while she was alive and the fact that she was a devout Christian.''On behalf of my family and the people of Lagos state,I want to express our heartfelt condolence to the family of Dr. Olubi,on this great and irreparable loss.''I had always admired her demeanor.She was a woman of true character,substance and quiet nobility.We will sorely miss her'',he said,
Image result for dr bola kuforiji-olubiImage result for dr bola kuforiji-olubi with ambode

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