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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I HEREBY WITHDRAW THE WORD ''STUPID'' WHICH I USED IN MY ENCOUNTER WITH A JOURNALIST IN CALABAR-FEMI FANI-KAYODE.{PHOTO}.#PRESS RELEASE

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     FEMI FANI-KAYODE WRITES:

I met with my advisors till late last night and I wish to say the following. I hereby withdraw the word "stupid" which I used in my encounter with a journalist in Calabar.

I have many friends in the media who I offended by losing my cool and using such words. I hereby express my regrets for doing so.
I do however wish to state categorically that no threat of physical harm was ever made to the journalist in question and neither did I send anyone to threaten him. Anyone that says otherwise is lying and I challenge them to bring the proof.
I would never seek to physically harm a journalist. For the last 30 years I have defended and worked with journalists and fought for the right of freedom of expression.
I am also very close to many in that profession. I would be the last to seek to disparage those that are honorable and noble within its ranks.
I hope that this will assuage the pain and anger of anyone that was hurt or offended by this ugly episode. I have now put this matter behind me and moved on. Now my tour of the South continues. Moving to yet another state today.

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