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 Vanguard,The management of Rida National Plastic Company Ltd,Oshodi Lagos is counting its loses after an early morning fire destroyed its property worth millions of Naira today Sunday.A reporter who visited the scene of the fire reports that officials of the Lagos State Fire Service Department battled the fire which started at about 7:00a.m for many hours,before finally bringing it under control.Also,officials of the Lagos State Emergency Management Agency {LASEMA],the Lagos State Traffic Management Authority {LASTMA} and the Police battled to manage traffic,security and safety on the Apapa/Oworonshoki expressway,as sympathisers thronged the scene.Ab official of the Lagos State Rapid Response Unit who simply identified himself as ''Mr Nature'' told journalists that the fire started at about 7:00a,m.''Due to the kind of products being produced at the company,the fire was difficult to handle because of inflammable nature of their plastic products.Officials of the Lagos State Fire Service battled the fire for many hours,trying to ensure that it did not spread to neighbouring companies in the area,as well as the Ikeja Military Cantonment'',he said.
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