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

IT’S IN OUR INTEREST TO STRENGTHEN THE GULF OF GUINEA COMMISSION, SAYS PRESIDENT BUHARI.{PHOTOS}.#PRESS RELEASE.

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     It is in the best interest of member states, and of Nigeria in particular, to fortify the Gulf of Guinea Commission, so it can perform the roles for which it was set up, President Muhammadu Buhari has said.
The President spoke Tuesday in a virtual audience with the Executive Secretary of the Commission, Mrs Florentina Adenike Ukonga, a Nigerian.
“The Gulf of Guinea is very strategic, and it is regrettable that most member states of the Commission are not up and doing. We need to check the theft of oil through the Gulf, the smuggling of arms and ammunition, and the breaking of border regulations through the waters,” President Buhari said.
He promised that Nigeria would be alive to her responsibilities in terms of prompt payment of dues, adding that he would also write leaders of member states “to participate actively in the programmes of the Commission, and to defray their financial commitments.”
While thanking Angola, where the secretariat of the Commission is based, for keeping faith with its responsibilities, President Buhari pledged that in spite of the economic challenges posed by COVID-19 pandemic, “we should keep the organization going.”
Mrs Ukonga had raised the many ills that plague the Commission to include lack of funds, through non-payment of annual dues by member countries, poor attendance at meetings or sending of low level representation, non-holding of elections to determine who the next Chairman would be, since Nigeria finished her tenure in 2018. The Gulf of Guinea Commission, she said, is the framework for consultation on issues of development and cooperation by members, lamenting that in the absence of such, there were deleterious developments like overfishing of the waters, oil theft, pollution issues, arms trafficking, and others.

She appealed to President Buhari to rally the leaders of member countries, “so that the Commission can fulfill its purpose.”
Femi Adesina
Special Adviser to the President
(Media and Publicity)
July 28, 2020.
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