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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SPEAK UP WHILE THERE IS STILL NIGERIA TO SAVE - ATIKU TO STAKEHOLDERS.{PHOTO}.

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Former Vice-President, Atiku Abubakar has charged stakeholders in Nigeria to break their silence and take proactive actions towards resolving unemployment crisis bedeviling the country currently.
Atiku gave the charge while reacting to a publication by Blomberg’s Business on Saturday, projecting Nigeria to be a nation with the highest unemployment rate in the world.
In a statement entitled ‘World’s Highest Unemployment Rate: Time To Help This Government Help Nigeria’, Atiku urged relevant stakeholders to help the President Muhammadu Buhari’s government not because of those in authority but to save the masses.
The Peoples Democratic Party, PDP’s flagbearer in the 2019 presidential election, lamented that the government has refused to heed advice and suggestions from well-meaning Nigerians in a bid to solve economic problems.
According to him, unemployment and poverty is the root cause of the current insecurity ravaging the entire country.
“I have never felt so bad at being proven right, as I am by the report from Bloomberg Business on Saturday, March 27, 2021 that Nigeria is to emerge as the nation with the highest unemployment rate on Earth, at just over 33%.
“We warned about this, but repeated warnings by myself and other patriots were scorned. And now this.

“We are at a precipice as a nation and the truth is that all stakeholders and elder statesmen have to speak up on time, while there is still a Nigeria to save. This government obviously lacks the capacity to address our current challenges, and we must help them, not because of the government, but because of our people,” Atiku wrote.
By Ochogwu Sunday.

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