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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PRESIDENT BUHARI TO PARTICIPATE IN INVESTMENT SUMMIT IN RIYADH, SAUDI ARABIA .{PHOTO}.#PRESS RELEASE.

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President Muhammadu Buhari will, Monday October 25, 2021, depart for Riyadh, Saudi Arabia, to participate in the investment conference organized by the Future Investment Initiative Institute. 


The President will be joined at the 5th edition of the flagship investment event by business executives from Nigeria, bankers, Captains of industry and energy experts to discuss issues on the future of investments across the globe.


The three-day event, with the theme, INVESTMENT IN HUMANITY, which will host global executives and asset managers, will deliberate on progress and prosperity with energy; true final frontiers in investments;  science in action; and impact of climate change on communities among others.


President Buhari will perform the lesser Hajj in Madina & Makka before returning to the country on Friday.


The President will be accompanied on the trip by the Minister of Communications and Digital Economy, Dr. Isa Ibrahim Pantami, Minister of State for Foreign Affairs, Amb Zubairu Dada, Minister of State for  Petroleum Resources, Chief Timipre Sylva, National Security Adviser, Maj. Gen Babagana Monguno, Director General of National  Intelligence Agency, Amb. Ahmed Rufai Abubakar, Managing Director of Nigerian Sovereign Investment Authority, Uche Orji and Chairman, Nigerians in Diaspora Commission, Hon. Abike Dabiri-Erewa.


Some participants from the private sector include: Alhaji Mohammed Indimi, Alhaji Aliko Dangote,  Tope Shonubi , Wale Tinubu, Alhaji Abdulsamad Rabiu, Hassan Usman, Omoboyode Olusanya, Abubakar Suleiman, Herbert Wigwe and Leo Stan Ekeh.


 


Garba Shehu


Senior Special Assistant to the President


(Media & Publicity)


October 24th, 2021

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