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

BEYOND SMUGGLING OF FOOD PRODUCTS, WE CLOSED BORDERS DUE TO INFLUX OF ARMS AND HARD DRUGS, PRESIDENT BUHARI TELLS AKUFO-ADDO OF GHANA.{PHOTOS}.#PRESS RELEASE.

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     STATE HOUSE PRESS RELEASE
The partial closure of Nigeria’s borders is not caused solely because food products, particularly rice, were being smuggled into Nigeria, but also because arms and ammunition, as well as hard drugs were being ferried into Nigeria, President Muhammadu Buhari has said.
Holding a bilateral meeting Monday in London at the sidelines of UK-Africa Investment Summit 2020 with President Nana Akufo-Addo of Ghana, the Nigerian Leader said he could not keep his eyes open, and watch youths being destroyed through cheap hard drugs, and compromised security caused by unbridled influx of small arms.
“When most of the vehicles carrying rice and other food products through our land borders are intercepted, you find cheap hard drugs, and small arms, under the food products. This has terrible consequences for any country,” President Buhari said.
He said it was regrettable that the partial border closure was having “negative economic impact on our neighbours,” but added that “we cannot leave our country, particularly the youths, endangered.”
The President said the Sahel region was awash with small arms, which accounts for severe security challenges in Mali, Chad, Burkina Faso, Niger and Nigeria.
We are in fact the biggest victims,” he lamented.
On time frame for reopening the borders, President Buhari said it would not happen till the final report of a committee set up on the matter was submitted and considered.
We will get things sorted out. Our farmers, especially those who grow rice, now have a market, and are happy, and we are also concerned about hard drugs and weapons. Once the committee comes up with its recommendations, we will sit and consider them,” the President said.
President Akufo-Addo, while showing understanding of the need for Nigeria to protect her citizens, pleaded for “an expedited process, because the Nigerian market is significant for certain categories of business people in Ghana.”
Femi Adesina.
Special Adviser to the President.
Media and Publicity.
One more photo below.
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