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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SEE HOW AFRICAN WAX DRESS IS SOLD FOR £1175.00,MORE THAN HALF A MILLION-NAIRA ABROAD.{PHOTOS}.

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      We Nigerians/Africans we should learn to be proud of our roots and culture if not the way cocoa was carried from Nigeria and transformed to chocolate drink and sweets will continue to happen.I was shocked when this photos was sent to me and the prizes attached to it.Is't not high time we start exporting our ready made designs with our African wax?.Look at the photo below the prize tag for this simple designed dress wore by this model above is £1175.00 then others £620.00.One Naira to a British pounds some sell for 497 while others sell for 502.So for example if we use 497 x 1175=N583,975.So Nigerians/Africans lets use our tongues to calculate our teeth before we loose all our teeth.More photos below.

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