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

HERITAGE BANK TO SACK MORE OF THEIR STAFFS VERY SOON.

Image result for heritage bank                        According to News Agency of Nigeria {NAN} though Heritage Bank has embarked on mass retrenchment of it workers with 400 staff sacked in December,recent reports said that the Bank have penciled down some more workers for sack.The bank acquired Enterprise Bank with about N56 billion {$281 million} in October 2014.A top management staff in the bank told NAN that the sack cuts across the top,middle and low cadres.He said the mass sack was creating apprehension and fears among the remaining staff.The management staff said the remaining workers,especially those from the former Enterprise Bank,feared they could be disengaged anytime.He said workers from the former Enterprise Bank were the most affected in the ongoing restructuring exercise designed to improve the bank's profitability.The bank's Head of Corporate Communications,Mr Fela Ibidapo told NAN that the figures were not correct.Ibidapo noted that the development was not limited to the bank,saying it cut across the industry.
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