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,GAUTENG PROVINCE HAVE CAPACITY TO DRIVE ECONOMIC GROWTH IN AFRICA-AMBODE+TO SIGN MOU IN JOHANNESBURG BY SEPTEMBER.{PHOTOS}.

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Image may contain: 3 people, suit                     Lagos State Governor,Mr Akinwunmi Ambode today wednesday said that the State and the Province of Gauteng in South Africa both posses the capacity to drive the desired industrial and economic growth in the African continent.Governor Ambode,who addressed Government House Correspondents shortly after a meeting with the Premier of the Province of Gauteng,Mr David Makhura on a possible partnership on advancing trade and industrialization at the Lagos House in Ikeja,described both city-States as the economic powerhouse of both Nigeria and South Africa.The Governor,who disclosed plans to enter into a bi-lateral relationship with the Province of Gauteng,aimed at boosting the economic capacities of not just Nigeria and South Africa,but the continent of Africa,said it would be a win-win situation that would grow the Gross Domestic Product {GDP} that would be beneficial to the citizen of both countries.Disclosing that a Memorandum of Understanding {MoU} would be signed in Johannesburg,South-Africa by September 2017,Governor Ambode said the benefits of the partnership on the long run could not be over-emphasised.More photos below.
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