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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U.S DEPARTMENT OF STATE TO HOST THE 2020 U.S.-NIGERIA BINATIONAL COMMISSION MEETING.{PHOTOS}.#PRESS RELEASE.

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      The Department of State hosted the Nigerian Foreign Minister Geoffrey Onyeama and his interagency delegation from Nigeria, for the Binational Commission (BNC) themed, “Innovation and Ingenuity.”
The Binational Commission is the premiere platform of engagement between Governments of the United States and Nigeria to expand cooperation and advance shared goals.
The delegations discussed areas of strategic collaboration toward measurable progress, particularly in the areas of trade and investment, development, good governance, and security cooperation.
The team led by the Minister of State for Petroleum Resources, Chief Timipre Sylva accompanied by the Group Managing Director of Nigerian National Petroleum Corporation, Mallam Kyari and Hon. Musa Sarkin Adar held strategic meetings at the #BNC with;
the Assistant Secretary, U.S. Department of State's Bureau of Energy Resources, Frank Fannon. The focus for the meeting is to strengthen cooperation in the energy sector (upstream investments and support for #NNPC's infrastructure projects),
the Principal Deputy Assistant Secretary, Office of International Affairs of the U.S. Department of Energy, Matthew Zais, to secure alignment on US Oil and Gas investments while deepening support for NNPC's infrastructure projects,
the Managing Director for Africa, Worku Gachou and other Top Executives to seek financing intervention for NNPC's projects and deepening of engagements with Investors to deliver infrastructure projects and
the Ag. Deputy Director, Todd Abrajano and other key executives. The conversation focused on establishing strategic investor relations that will culminate in investments in Nigeria.More photos below.
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