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

U.S AMBASSADOR RECENTLY ENCOURAGED YOUNG NIGERIANS IN SOKOTO UNIVERSITY TO BECOME AGRICULTURAL ENTREPRENEURS.{PHOTO}.

Image may contain: one or more people and indoor                    U.S Ambassador W. Stuart Symington who is on a visit to Sokoto State has encouraged young Nigerians to become agricultural entrepreneurs.He was speaking to students of Sokoto State University on the need to pursue careers in agribusiness noting that agriculture makes up 24% of Nigeria's GDP.
               Ambassador Symington sad,''There are jobs to be created and money to be made in the agribusiness industry.It will require technology,innovation,and financing,but  it will also need skilled operators,these students can be among the next generation of agribusiness industry leaders''.He went o to note that Nigeria needs a more diversified economy.He emphasized there were many entry points along the agribusiness value chain including ''owning and operating a farm,running a processing plant,selling irrigation systems or seeds,transporting farm products,and exporting''.The Ambassador discussed how students can take advantage of U.S. Agency for International Development {USAID} ''smart grants,'' which provide seed money to small entrepreneurs.During his visit to Sokoto,Ambassador Symington met with His Excellency Governor Aminu Waziri Tambuwal and His Eminence Sultan Mohammed Sa'ad Abubakar.He also met with interfaith religious leaders,visited a USAID program site,and toured the Waziri Junaidu History and Culture Bureau.
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