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 5TH MEETING OF THE QUARTERLY BUSINESS FORUM HOLDS NEXT WEEK MONDAY IN ABUJA.

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      In line with the Buhari presidency’s agenda to create an enabling environment for business in the country, the Presidential Quarterly Business Forum was established to provide an opportunity for the Economic Management Team to interact with members of the organized private sector on issues of common interest relating to the economy.
The forum has held four times since inception, assessing the progress made by the present administration in implementing its economic agenda and the fifth meeting of the quarterly business forum will be holding on Monday as follows.
Date: Monday 11th September, 2017
Venue: Old Banquet Hall, State House, Abuja
Time: 10: 00. a.m.
Laolu Akande
Senior Special Assistant to the President (Media & Publicity)  
Office of the Vice President

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