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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40TH ANNUAL GENERAL MEETING OF ODU'A INVESTMENT COMPANY LIMITED. (PHOTOS).#PRESS RELEASE.

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Abiodun: Ogun is committed to growth of Odu'a Investment Company 

The Ogun State Governor, Prince Dapo Abiodun says his administration is deeply committed towards the realization of the objectives of the founding fathers of the Odu'a Investment Company Limited.

Abiodun who stated this during the 40th Annual General Meeting of the Odu'a Investment Company Limited held in Lagos State, said that his administration would continue to support the objectives of the company so as to ensure that both the economic and financial objective of Odu'a are realized.

" We in Ogun state are deeply committed to the cause of Odu'a and to what Odu'a is established to achieve, we will continue to give the needed support so that the economic and financial objective of the Odu'a are realized.

"On behalf of the people and government of Ogun State, I will like to pledge our continued support for the Group, I will continue to do everything to ensure that the objectives of the company are realized," he said 

Abiodun while commending the company for ensuring the turnaround of its operations, said that" this is an investment company, this company must not be a rent seeking company and this company must also not continue to show profit that are not clearly visible, that we can touch and feel, not paper profit, we must be an investment company indeed and in truth".

He congratulated the chairman of the company, Otunba Bimbo Ashiru, noting that he is confident that the choice of Ashiru would bring about more development to the investment company.

In his remarks, the chairman of the South West Governors' Forum and Governor of Ondo State, Arakunrin Rotimi Akeredolu who commended the management of the investment company for the strategies put in place for the overall growth of the company, said that the strategies would definitely ensure the future growth, relevance, excellence to further restructure the company.

Akeredolu who also commended the financial performance of the company, said that the choice of the board members was a deliberate attempt to change the fortune of the company.

 More photos below. 








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