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
According to sources,a section of Sterling Bank,Oke Ilewo branch located at the OPIC Roundabout,Abeokuta,was today tuesday gutted by a mid-day fire.A staff of the bank,who spoke on the condition of anonymity to pressmen said that the fire incident occurred at around Twelve noon due to electrical fault.He said attempts by security personnel to use fire extinguishers to put out the fire failed,and the management had to call the state fire service.The men of the Ogun State Fire and Safety Service put put the fire and prevented it from spreading to other parts of the bank.Mr Adebamba Adesanya,the Deputy,Ogun Fire and Safety Service,said that the fire service received a call from the bank and responded immediately.''We received a call from the bank that there was a fire incident and within a few minutes,we arrived the scene to control the situation.By the grace of God,everything is now under control.The fire occurred as a result of power surge,presently I can't confirm the extent of the damage but later,we will be able to ascertain that,But only a part of the roof was affected.We have to be very careful with our electrical gadgets during this harmattan period because 90 percent of the equipment that we use in our offices and homes are purely comburstible elements and can ignite anytime there is explosion.We have to be very careful with our electrical gadgets during this harmattan period because 90 percent of the equipment that we use in our offices and homes are purely combustible elements and can ignite anytime there is explosion.We must ensure that we guard against this and get ourselves ready to tackle and avert incidents like this one,'' Adesanya said.
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