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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SENATE PASSED THE SECOND READING OF THE BILL TO AMEND THE FIRE ARMS ACT TODAY.{PHOTO}.

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       Today, the 8th Senate passed the Second Reading of the Bill to amend the Fire Arms Act to provide for the increase of fines and the destruction of all firearms that are illegally imported into the country or that are in the possession of individuals that do not have valid licenses.
With the recent reports of the Nigerian Customs Service finding 4 illegal shipments of firearms in the last few weeks, this Bill is pertinent, because with its eventual passage, we will be strengthening the existing Fire Arms Act and making our nation safer.
Apart from the fines and other punitive measures that are imposed on individuals, we will also be looking at the laws that are currently in place to ensure that shipping agents and other companies that are involved in the importation of illegal firearms into the nation are held liable.
Now that the Bill has been sent to the Committee on Judiciary and Legal Matters for further work, we will be having a public hearing on this Bill, to seek the support of experts, security agencies and the general public in coming up with a thorough legislative strategy to combat the proliferation of weapons in our country and our communities.
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