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 RECALLS HIGH COMMISSIONER TO SOUTH AFRICA.{PHOTO}.

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      Nigeria has recalled its High Commissioner to South Africa, Ambassador Kabiru Bala and also pulled out of World Economic Summit holding in Cape Town on Wednesday.
A presidential source told News Agency of Nigeria (NAN) that Nigeria also demanded for full compensation for the loss of life and property of Nigerians affected by the xenophobic attack.
He also disclosed that Nigeria has pulled out of World Economic Forum on Africa billed for Capetown, South Africa, from September 4-6 over the xenophobic attacks.
Vice President, Yemi Osinbajo was to represent Nigeria at the forum.
Earlier, the Democratic Republic of the Congo, Rwanda and Malawi pulled out of the event.
Presidents Paul Kagame (Rwanda), Felix Tshisekedi (DRC) and Peter Mutharika (Malawi) have all withdrawn from the event.The source said that Nigeria has also demanded for full compensation for the victims of the attacks.
According to the source, this is the outcome of President Muhammadu Buhari, Osinbajo and Foreign Affairs Minister, Geoffrey Onyeama, brainstorming session on the raging Xenophobic attacks of Nigeria in South Africa.
Onyeama had on Tuesday during at a joint news briefing with the South African High Commissioner to Nigeria, Mr. Bobby Moroe, insisted: “In the first place, we must address the issue of compensation. There has to be accountability and there has to be responsibility for compensating all those Nigerians that have suffered loss and we are going to absolutely push forward.”.
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