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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IKOYI CLUB SUSPENDED THE HUSBAND OF OIL MOGUL 'FOLORUNSHO ALAKIJA'.{PHOTOS}.

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Modupe Alakija, the 72-year-old husband of oil mogul, Folorunsho Alakija has been seriously dealt with by one of the social clubs he belongs to, Ikoyi club, Lagos, for gross misconduct.
  Alakija who is also the chairman of the family owned oil business, FAMFA Oil, has been suspended for assaulting a fellow member.  
His victim, a prominent member of the club, was reportedly ‘rude’ to him and before one could say Jack Robinson, Alakija dazzed the guy with a blinding slap. 
 The man also responded with an equally blinding slap and pounced on Alakija, who didn’t see the ferocious attack coming.
But the FAMFA chairman regained his momentum and both of them landed on the floor with the victim getting pummeled on all sides. Eventually, he was extricated from the grip of Alakija well battered, The Capital is reporting. 
 For his unruly behaviour, he got a year suspension which is to end in November of 2022.

Alakija reportedly parades himself like a the n god who likes friends and associates to worship the ground he walks on for being the husband of a wealthy oil mogul.  
Unfortunately, his ego has been badly punctured from the outcome of that incident.
One more photo below.

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