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 WELCOMES INVESTMENTS FROM JAPAN BANK AND TOYOTA TODAY.[PHOTOS}.#PRESS RELEASE.

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    President Buhari meets with Toyota Company and Japan Bank for International Cooperation in Yokohama Japan on 30th Aug 2019
Toyota 2: President Buhari with R-L: Senior Managing Executive Officer Toyota Tsusho Corporation Mr Minoru Murata, President and CEO Ichiro Kashitani and Senior Managing Executive Officer Mr Richard Bielle shortly after a meeting with Management of Toyota Tsusho Corporation in Yokohama Japan on 30th Aug 2019
Japan Bank 2: President Buhari with L-R: Mr Hitoshi Nagano, Mr Takahiro Hosojima, Nobumitsu Hayashi, Manabu Kato and Yuichi Shoji as he meets with management of Japan Bank for International Cooperation in Yokohama Japan on 30th Aug 2019.

PRESS RELEASE:
PRESIDENT BUHARI WELCOMES INVESTMENTS FROM JAPAN BANK AND TOYOTA
President Muhammadu Buhari Friday held investment talks with top officials of Japan Bank for International Cooperation, and Toyota Group, at the margins of the Seventh Tokyo International Conference on African Development (TICAD 7), holding in Yokohama, Japan.
Led by its Deputy Governor, Mr Nobumitsu Hayashi, the Japan Bank for International Cooperation indicated its interest in supporting projects in which Japanese companies are involved in Nigeria.
The bank said it had lots of resources dedicated for that purpose, and would be interested in oil and gas, and investments in infrastructure.
President Buhari welcomed the bank, informing the team that Nigeria had introduced the Ease of Doing Business, and bureaucratic bottlenecks were being cleared off the way.
At a bilateral meeting with Toyota Tsusho, a part of the Toyota conglomerate, President/CEO of the group, Ichiro Kashitani, indicated interest in sectors like energy, healthcare and automobiles, saying Toyota would be delighted to have presence all over Nigeria.
Kashitani said Toyota Tsusho wishes to also build an advanced medical diagnostics centre, which would foreclose need for foreign travel to obtain cutting edge medical diagnosis.
President Buhari urged the group to also consider setting up a car assembly plant, noting that Nigeria had the capacity to absorb the investment for positive returns.
At another meeting with the Prime Minister of Algeria, Noureddine Bedoui, President Buhari counseled that the political programme in the country be faithfully executed, which would lead to general elections as soon as possible.
“Algeria is a good pan-Africanist nation, with a lot of influence over the continent,” the President said.
Prime Minister Bedoui said dialogue was in progress with all stakeholders leading to elections, hopefully by end of the year.
Femi Adesina
Special Adviser to the President
(Media and Publicity)
August 30, 2019.
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