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

ISRAEL: BENJAMIN NETANYAHU LOST HIS 12 YEAR HOLD ON POWER AFTER PARLIAMENT VOTED IN A NEW COALITION GOVERNMENT TODAY.{PHOTOS}.

 


Right-wing nationalist Naftali Bennett has been sworn in as prime minister, leading a "government of change".

He will lead an unprecedented coalition of parties which was approved with a razor-thin majority of 60-59.

Mr Bennett will be prime minister until September 2023 as part of a power-sharing deal.

He will then hand power over to Yair Lapid, leader of the centrist Yesh Atid, for a further two years.

    Mr Netanyahu - Israel's longest-serving leader who has dominated its political landscape for years - will remain head of the right-wing Likud party and become leader of the opposition.

    During the debate in the Knesset (parliament), a defiant Mr Netanyahu promised: "We'll be back."

    After the vote, Mr Netanyahu walked over to Mr Bennett and shook his hand.

    However, representatives of the Palestinians have reacted dismissively to Israel's new government.

    "This is an internal Israeli affair. Our position has always been clear, what we want is a Palestinian state on the 1967 borders with Jerusalem as its capital," a spokesman for Palestinian President Mahmoud Abbas said.

    "It is an occupation and a colonial entity, which we should resist by force to get our rights back," said a spokesman for Hamas, the Islamist group that controls Gaza.

    US President Joe Biden has already sent his congratulations to Mr Bennett, saying he looks forward to working with him.

    Mr Netanyahu served five terms, first from 1996 to 1999, then continuously from 2009 to 2021.

    He called an election in April 2019 but failed to win enough support to form a new coalition government. Two more inconclusive elections followed.

    After the third, he formed a government of national unity with then-opposition leader Benny Gantz, but the deal collapsed and Israel went back to the polls in March.

    Likud emerged as the largest party, but after Mr Netanyahu was again unable to form a government, the task passed to Mr Lapid, whose party came second.

    Opposition to Mr Netanyahu staying in power had grown, not just among the left and centre but also among right-wing parties that are ordinarily ideologically aligned to Likud, including Yamina.

    Although Yamina came joint fifth in the election with only seven seats, its support was critical. After weeks of negotiations, Mr Lapid brought Yamina on board as part of a constellation of parties whose only common goal was to remove Mr Netanyahu from office.

    The agreement involving eight factions with the 61 seats required for a majority was signed on 2 June, just half an hour before a deadline was due to expire, effectively sealing Mr Netanyahu's fate.

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