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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PRESIDENT MUHAMMADU BUHARI WELCOMES GERMAN CHANCELLOR,ANGELA MERKEL TO THE STATE HOUSE ABUJA TODAY.{PHOTOS}.

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       Ahead of her arrival to the State House, Nigerian officials met with German Business Delegation that has accompanied Chancellor Merkel to Nigeria. Minister of Industry, Trade and Investment Okechukwu Enelamah is presiding.
The Nigerian Delegation at this meeting includes: Nigerian Ambassador to Germany Ambassador YusufTuggar, and officials from Federal Ministry of Industry, Trade and Investment Nigerian Electricity Regulatory Commission @Nigerian Investment Promotion CommissionNIRSAL , National Automative Design and Development Council (NADDC), Nigerian Association of Chambers of Commerce, Industry, Mines & Agriculture NACCIMA and the Nigerian Embassy in Germany.
The meeting saw the signing of MOU between the German-African Business Association and the Nigerian Association of Chambers of Commerce, Industry, Mines & Agriculture (NACCIMA).
Later, a Business Roundtable, which was attended by President Buhari and Chancellor Merkel, took place.
The German – Nigerian Business RoundTable, at the State House brought together German and Nigerian government and business delegations, to discuss trade and investment opportunities between the two countries.Signing of MOU between NIRSAL and Petkus Technologie GmbH, was also witnessed.More photos below.
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