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 BUHARI FELICITATES WITH FIRST BANK NIGERIA LTD ON 125TH ANNIVERSARY.#PRESS RELEASE.

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          On behalf of the Federal Executive Council (FEC), and Nigerians in general, President Muhammadu Buhari congratulates First Bank Nigeria Limited on its 125th anniversary, which historically and remarkably marked the commencement of banking in the country in 1894.
President Buhari joins the financial services industry, particularly the banking sector, in celebrating the purposefulness, prudence and propriety that has become the hallmark of the bank for more than a century and quarter, while congratulating the Board, management and staff for upholding the vision of the founder, Alfred Lewis Jones.
The President salutes the vision and strength of character of the management in providing a voice for the Nigerian economy by rendering competitive financial services that have culminated in spread of branches across the country, Africa and Europe.
As the oldest bank in Nigeria, the President believes First Bank Nigeria Limited has lived up to the expectation of customers over the years, both private and public, necessitating its survival and continuous service as a formidable training ground for many Nigerian bankers and chief executives, who have also established banks and served the country as Governors of Central Bank of Nigeria.
While celebrating the milestone and great achievements of First Bank Nigeria Limited, President Buhari commends banks in the country for generally supporting government policies in buoying the economy, especially with the renewed focus on infrastructural development and providing financial lifelines for businesses, urging them to always explore partnerships that will benefit the country and promote trust.
Femi Adesina
Special Adviser to the President
(Media & Publicity)
March 24th, 2019
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