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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LAGOS CITY MARATHON: KENYA'S KIPTUM DEFENDS TITLE+WINS $50,000.{PHOTOS}.

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Image may contain: 4 people, people standing, shoes and outdoor                In a time of two hours,15 minutes and 20 seconds,Kenya's,Abraham Kiptum who won the maiden edition of Access Bank Lagos City Marathon yesterday Saturday successfully defended his title at the second edition of the race carting away the grand prize of $50,000.
His time was a new record in the Lagos Marathon as he posted a time of two hours,16 minutes and 19 seconds in the 2016 maiden edition.Kiptum's compatriots,Ronny Kiboss and Kiprotich Kiroi came second and third finishiing in two hours,15 minutes and 225 seconds and two hours,15 minutes and 30 seconds,winning $40,00 and $30,000 dollars respectively.
The race started at the National Stadium,Surulere by 7 am and ended at the Eko Atlantic City in Victoria Island with over 50,000 athletes battling for the prize money.
Speaking shortly before presenting the prizes to the winners at the Eko Atlantic City,Victoria Island,State Governor,Mr. Akinwunmi Ambode said his administration has begun steps to reposition sports in the State,assuring that no stone would be left unturned to achieve the aspiration.
He said the success of the tourney marked another leg of his government's dream and aspiration to make State the destination of Sports in Africa.To this end,the Governor said the State would continue to explore and attract regional,continental and global sports events to drive home its mission,adding that the all round development of youths through sports remains paramount. ''Our commitment to continue to support our Youth in Sports Development is resolute,a part that we cannot depart from.The Access Bank Lagos City Marathon is a testimony to this avowed commitment,'' he said.More photos below.
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