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

LET'S PUT IN PLACE NEW MEASURES TO PREVENT COUPS, SAYS OSINBAJO AT ECOWAS SUMMIT ON GUINEA.[PHOTOS].#PRESS RELEASE.

LET'S PUT IN PLACE NEW MEASURES TO PREVENT COUPS, SAYS OSINBAJO AT ECOWAS SUMMIT ON GUINEA


* Proposes AU, UN, Commonwealth others simultaneously suspend nations where military seizes power

*Nigeria wants West African countries to respect their own constitutions

*Only free, fair, transparent elections welcome, VP adds


The Economic Community of West African States (ECOWAS) must take proactive steps to prevent coups d'etat in the sub-region, and even on the continent, because the unconstitutional seizure of power in any shape or form is simply unacceptable and has no place in the 21st century, according to Vice President Yemi Osinbajo, SAN.


Prof. Osinbajo stated this while representing President Muhammadu Buhari yesterday at a virtual Extraordinary Session of the Authority of Heads of State and Government of ECOWAS member-states on the political developments in the Republics of Guinea and Mali.


The meeting, attended by 10 of the ECOWAS leaders, alongside others, including representatives from the United Nations, comes after Guinean President Alpha Conde was ousted by a coup d'etat in the West African country on September 5th. This culminated in his arrest and detention by the country's military junta, the dissolution of the Guinean Government, suspension of the Constitution, and a military takeover.


Stating Nigeria's position on the unfortunate development in Guinea, the Vice President said, "I join all well-meaning global leaders to express in the strongest terms the condemnation of the Government of Nigeria of this unconstitutional change of Government; a development that could seriously destabilize the Republic of Guinea."


"What happened in Guinea is a brazen disregard for the provisions of ECOWAS Protocol on Democracy and Good Governance, which clearly states that every accession to power must be made through free, fair and transparent election."


According to the VP, "the unconstitutional seizure of power in any shape or form is simply unacceptable," noting that "four coups within the last few months is a dangerous trend indeed," in the sub-region.


While expressing concern, Prof. Osinbajo went ahead to table an idea which the Chairman of ECOWAS and President of Ghana Nana Akufo-Addo later described as "a proposal of great weight."


According to the Nigerian VP, "we are sliding back to the infamous 60s. Our zero-tolerance for coups is important but clearly insufficient. Are there further steps that we can take to prevent coups d’etat?


"Could we, for example, work out an understanding with the UN, AU, Commonwealth and possibly, even the development finance institutions we are a part of to act in unity to suspend a country where there has been a seizure of power from all these bodies simultaneously?"


In the same vein, the Vice President noted that it was imperative that countries in the sub-region respect the provisions against unconstitutional accession to power, and to apply it in all instances.


He then called on "the Authority to immediately invoke the provisions of Article 45 of the ECOWAS Protocol on Democracy and Good Governance by suspending Guinea from all ECOWAS decision-making bodies and statutory meetings. We should also take any other necessary punitive measures that will ensure that the military junta does not overstay in power."


"We must forestall a repeat of military interventions and the instability it engenders in the West African sub-region. In this connection, Nigeria wishes to once again urge all to always respect the principles of democracy and the constitutions of your respective countries."


Furthermore, the VP urged the ECOWAS Commission "to immediately appoint a Mediator to lead the region’s genuine engagement with the military junta, all political actors, and civil society groups in Guinea towards finding a lasting solution that will return the country to democratic rule as soon as possible."


He added that "ECOWAS must use its regional mechanisms efficiently to engage the military junta and if necessary, provide support for them to return the country to normalcy and democratic rule."


Other steps to be taken in finding a lasting solution to the unfortunate development in Guinea, according to him, was for the military junta to not only ensure the physical safety of President Condé and all those detained along with him but also ensure his immediate and unconditional release.


"The safety of lives and property of the people of Guinea must also be guaranteed. The military must draw up a timetable for a civilian-led transition and commence the process of exiting the Guinean political stage and return the country to constitutional order and civilian rule," Prof. Osinbajo submitted.


In the same vein, speaking on the update on the situation in Mali, Vice President Osinbajo commended former President Goodluck Jonathan "for his continued commitment and engagement with the various stakeholders in Mali."


"Let me reiterate the imperative for the Malian Transitional government to strictly respect the electoral timetable unveiled on 15th April 2021. I further call for the continued support and collaboration of all the major players in the country’s march towards a successful transition."


The VP then emphasized that "Nigeria will continue to closely monitor the situations in Guinea and Mali as well as work with the ECOWAS Commission, the African Union, and other Member-States to facilitate the return of both countries to civil governance."


Prof. Osinbajo also commended the Chairman of the Authority for convening the virtual Extraordinary Summit.


Laolu Akande

Senior Special Assistant to the President on Media & Publicity

Office of the Vice President

9th September 2021.

More photos below.

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