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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NIGERIA-BENIN BORDER PARTIALLY CLOSED DUE TO SMUGGLING ACTIVITIES, SAYS PRESIDENT BUHARI.#PRESS RELEASE.

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      President Muhammadu Buhari has attributed the partial closure of Nigeria’s border with Benin Republic to the massive smuggling activities, especially of rice, taking place on that corridor.
The Nigerian leader gave the reason during an audience granted his Beninois counterpart, Patrice Talon, on the margins of the Seventh Tokyo International Conference for African Development (TICAD7), inYokohama, Japan on Wednesday.
President Buhari, who expressed great concern over the smuggling of rice, said it threatened the self-sufficiency already attained due to his administration’s agricultural policies.
According to him, “Now that our people in the rural areas are going back to their farms, and the country has saved huge sums of money which would otherwise have been expended on importing rice using our scarce foreign reserves, we cannot allow smuggling of the product at such alarming proportions to continue.”
The Nigerian President said the limited closure of the country’s western border was to allow Nigeria’s security forces develop a strategy on how to stem the dangerous trend and its wider ramifications.
Responding to the concerns raised by President Talon on the magnitude of suffering caused by the closure, President Buhari said he had taken note and would reconsider reopening in the not too distant future.
He, however, disclosed that a meeting with his counterparts from Benin and Niger Republics would soon be called to determine strict and comprehensive measures to curtail the level of smuggling across their borders.
Earlier, President Talon had said he called on the Nigerian President as a result of the severe impact the closure of the Nigerian border was having on his people.
President Buhari also received in audience, President Cyril Ramaphosa of South Africa during which issues of common bilateral relations especially, the killings of Nigerians in South Africa, were discussed. The matter will be further examined during the Nigerian leader’s official visit to Pretoria in October 2019.
Femi Adesina
Special Adviser to the President
(Media & Publicity)
August 28, 2019  .
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