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

COOL FM'S AMIN MOUSALLI,ALLON NELKEN,KAVITTA CHELLARAM,DIANA CHAN,OTHERS FOR ETHNIC BUSINESS AWARDS.{PHOTO}.#PRESS RELEASE.


      Nigeria-based foreigners who're contributing to the nation's economy in terms of visible investments and employment generation will be honoured and celebrated during the Ethnic Business Awards (www.theethnicbusinessawards.com) on Valentine's day, February 14th, 2020 at the prestigious Oriental hotel Lagos.

These diaspora foreigners who have chosen Nigeria as home despite the stormy waters, according to the organizers of the epoch making event deserve more than celebration and will be honoured in different categories such as Ethnic Man of The Year, Woman of The Year, Entrepreneur of The Year, CSR Brand, Beauty Brand, Financial Institution to mention but a few.

On the Ethnic Man of The Year category are revered international business tycoon such Alli Mousalli of Cool FM, Allon Nelken, (Mega Plaza), Benoy Berry (Contec Group), Robert Tung (Wempco), Mann Lababidi of Crown Flour Mills to mention but a few while the nominees for Ethnic Woman of The Year are Diana Chan (GAC Motors), Kavita Chellaram (ArtHouse Contemporary) and Caterina Bortolussi of Kinabuti Fashions.
Other interesting categories are the Ethnic Financial Institutions where the likes of Stanbic IBTC, Standard Chartered and Citi Bank are being nominated. 

Foreign entertainers who're making waves in the Nigerian showbiz industry will also be honoured in the catrgories itemized as Cross-Over Actors, Actress and Musician of The Year. Prominent African stars such as Juliet Ibrahim (Ghana), Princess Shyngle (Gambia), Cynthia Emade (Cameroun), Ela Mensah (Ghana), Okawa Shaznay among others.

The Ethnic Business Awards is aimed at recognizing and appreciating the outstanding contributions of foreign businesses, organisations, individuals and communities to corporate Nigeria, “this is like thinking outside the box, the awards is designed to reward and encourage innovations and excellence among Nigeria-based foreigners in enterprise”.

Inspired by the growing population of foreign investors, organisations, individuals and migrants communities who have impressed with remarkable inputs into the growth of the Nigerian economy, the Ethnic Business Awards [EBA] seeks to reward the best practices in commerce, international diplomacy and excellence across other industries.

Nigeria became Africa’s largest economy for the second year in a row according to a multinational professional services network, PricewaterhouseCoopers (PwC), in 2019. Beyond doubts, this feat would have been impossible without the faith reposed in her by men and women of other nationalities who have defied doom prediction to swarm Nigeria to grow her commerce.
The EBA (www.theethnicbusinessawards.com) pays very special attention to promising and established foreign companies, missions, communities, organisations and individuals of sterling qualities all of whom have been identified and grouped into different categories following a public opinion poll and wide consultations with some of the industry’s finest experts.

The event holds on St. Valentine's Day, February 14th, 2020 at the prestigious Oriental hotel Lagos.

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