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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THE F.G,HAS DECLARED MONDAY MAY 29,2017 AS PUBLIC HOLIDAY TO CELEBRATE THE 2017 DEMOCRACY DAY.

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Image result for nigerian coat of arm                  The Minister of Interior,Lt Gen. Abdulrahman Bello Dambazau {Rtd},while making the declaration on behalf of the Federal Government,congratulated Nigerians for witnessing yet another Democracy Day,which marks the second year anniversary of President Muhammadu Buhari's Government.Gen. Dambazau assures Nigerians of the government's continued efforts towards security,revitalizing the economy and tackling corruption,which are the three main focused areas of this administration.According to him ''While a lot has been achieved in the area of security,particularly in the northeast,and in tackling corruption,recent statistics released by the National Bureau of Statistics have shown tremendous improvement of the country's GDP.No doubt the nation is closer to getting out of recession,particularly with the recently launched Economic Recovery and Growth Plan {ERGP},which seeks to revitalize the nation's economy soonest.With the recently signed Executive Orders on Ease of Doing Business,we have opened our doors wider for both domestic and foreign investors''.
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