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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EDO STATE SPARE PARTS MARKET BURNT DOWN OVERNIGHT.{PHOTOS}.

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      Goods worth several millions of naira have been destroyed in a midnight fire that razed the biggest motor spare parts market in Edo State located at Uwelu, in Egor Local Government Area of the state.
The fire was said to have started at about 11:45pm Monday night, August 12th and lasted till about 4am after efforts from fire service men from the University of Benin and the Nigerian Army.
Sections of the market affected by the fire were the lines were Mercedes Benz, Mazda, Ford and Toyota parts are sold. It was gathered that some of the affected traders just bought goods to fill their stores. Some of the traders were said to have collapsed when they visited the scene and saw the magnitude of their losses.
One of them was said to have attempted running into the raging fire, but was stopped. One of the victims, Daniel Okungbowa, who deals in all types fuel and oil pumps, said he lost goods worth about N4 million to the fire. Another victim, Osaeruoname Festus, said they we’re yet to ascertain the cause of the fire and wondered how the fire spread rapidly when there was no power supply to the market.
We sympathise with those affected.One more photo beloe.
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