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 CBS News,President Trump signed three executive orders on trade today monday morning.One withdraws the U.S from the Trans Pacific Partnership {TPP},another reinstates the Mexico City Policy dealing with non-governmental organizations {NGOs} and abortion access,and a third freezes federal workforce hiring.When asked about the ethics lawsuit filed against him,Mr Trump said only,''Without merit.Totally without merit''.The Mexico City Policy was originally announced by President Reagan in 1984 and required nongovernmental organizations to agree as a condition of receiving any federal funding that they ''would neither perform nor actively promote abortion as a method of family planning in other nations''.Then President Bill Clinton rescinded it in January 1993 upon taking office,and George W. Bush reinstated it when he took office.And then Barack Obama rescinded it again in 2009.On friday evening,President Trump signed one executive order that cancelled an FHA mortgage premium cut that helps low-income home buyers and another that waived provisions of the Affordable Care Act that impose a financial burdern on states or individuals.TPP was an enormous trade deal that would have aligned the U.S and 11 nations in the Asia-Pacific region including Japan,Australia,Vietnam,Canada and Mexico under an agreement that would have eliminated thousands of tariffs and streamlined regulations.The countries involved in the deal collectively conduct 40 percent of global trade.''Everyone knows what that means,right? We've been talking about this for a long time'', Mr Trump said as he signed the order withdrawing the U.S from the TPP.''Great thing for the American worker,what we just did''.As he signed the federal workforce hiring freeze,Mr Trump noted that the military was exempted from the hiring freeze.TPP also would have required ratification by Congress,and President Obama had hoped to see it ratified before he left office.More photos below.
Comments
Post a Comment