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 sunday declared tomorrow monday public holiday to mark June 12 celebration in the State,saying that the State remains committed to the ideals of the annulled 1993 Presidential election.In a statement signed by the Secretary to the State Government,Mr Tunji Bello on behalf of the State Governor,Mr Akinwunmi Ambode,the government said the holiday was in honour of the ideas which June 12,1993 Presidential election represents being a day that the country experienced an election that was adjudged as the freest and fairest in Nigeria's history.The Governor said 24 years after,the ideals of June 12 commemoration were worth celebrating,describing the day as one of the most defining moments of the country's political history which has positively shaped its democratic rule.Governor Ambode said the time has come for Nigerians to go beyond the commemoration and entrench a viable democracy as a way to immortalise the late presumed winner of June 12,1993 Presidential election,Chief M.K.O Abiola through the practice of true federalism and conduct of credible and fair elections.He said ''June 12,1993 is a day we must not forget in the annals of our democratic history.Our present democratic experience may still be far from the ideal but we must all make concerted efforts to entrench fiscal federalism which is the only way to achieve true nationhood''.
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