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

PHCCIMA DECLARES RIVERS SAFE FOR INVESTMENTS.{PHOTO}.#PRESS RELEASE.

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      The President of Port Harcourt Chamber of Commerce Industry, Mines & Agriculture (PHCCIMA), Chief Nabil Saleh, has declared that the state is safe for investments and other profitable business activities.
In an interview, the PHCCIMA President said the state was reaping the benefits of Governor Nyesom Wike’s investments in the state’s security architecture.
He said: “As the voice of the business community in Rivers State, I can tell you that the state is safe and good for investments.
“Now we have three international airlines coming to the state. So, we are linked to the world. We can go to Europe in five hours and to any African country in a short time.
“You don’t need to travel to another state before going to an international airport. The three international airlines can take you to different destinations of the world.”
He said that there has been a marked improvement in the security of lives and property in the state.
“As the chairman for organised private sector of Rivers State, I can assure you that there is a big improvement in the security of the State.
This is after Governor Wike gave all the security agencies equipment and vehicles under Operation Sting.
“For now, the state is preparing for the security summit. This is with the collaboration of the private sector to help in transforming the security outlook of the state. With this, I am sure the security in Rivers State will develop to a higher level,” he said.
Saleh, lauded the Rivers State Governor for inaugurating the Ease of Doing Business Council, which would yield greater dividends to the state.
He said: “Rivers State is friendly has an investment friendly climate and after Governor Wike inaugurated the Ease of Doing Business Council chaired by the deputy governor, I am sure it will increase investments in the state
“We are here to protect the presence of investors and also assist and help new investors come to Rivers State.”
Also speaking on the security of the state, Madam Akudo who operates Mummy’s Kitchen at Garrison said that the security of the state has improved since the launch of Operation Sting.
She commended the Rivers State Governor for the investment in security.Chibuisi Nwahiri, a businessman in Port Harcourt, also said that the state is calm with businessmen carrying out their legitimate activities. He thanked Governor Wike for investing in security.
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