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
The Lagos State Government today wednesday warned traders in the habit of displaying their wares on the road for sale beyond the confines of the market thereby causing traffic to desist henceforth otherwise markets were such illegal activities are perpetrated would be shut down till further notice.The State Governor,Mr Akinwunmi Ambode,who handed down the warning at a meeting with leaders of Agbado Oke-Odo Market held at Lagos House in Ikeja,said the activities of the traders who are in such habit had reached a level which the State Government could no longer condone,hence the need for a final warning.The Governor,who was represented by the Secretary to the State Government,Mr Tunji Bello,said the leaders of markets in the State have been warned and counseled severally on the need to rein in on their market men and women to desist from disturbing others through their trading activities on the roads,but some have become adamant.He said aside causing avoidable and needless traffic,the traders were also in the habit of dumping their refuse on the road,thereby causing environmental and health hazards.He said ''This just to come and deliberate on the Agbado Oke-Odo Market because of the situation there.The market has become a stumbling block particularly to those using the road.The traders have blocked the Lagos-Abeokuta Expressway to the extent that even the contractors working there don't have place to work because they have taken over the area.They cause a lot of traffic gridlock and people coming from Ota or from Abule Egba don't have the road to connect other areas of the State.We have warned them consistently but we are yet to get any result.That is why we have summoned today's meeting.The meeting is basically to call them to order and give them the last warning.The idea initially was to shut down the market today by the Governor decided that we should give them just one to put things in order,'' Bello said.More photos below.
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