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

TRADERS SUFFER LOSSES AS FLOOD WASHES AWAY SHOP IN ANAMBRA MARKET.(PHOTO).


Traders Suffer Losses As Flood Washes Away Shops in Anambra Market

Traders in Relief Market in Ogbaru Local Government Area of Anambra State are counting their losses as flood, occasioned by heavy rainfall, washed away shops, electric poles, and cables in the market.

The leadership of the market said at least 30 shops were washed away by a submerging flood, including electric poles, underground cables, water borne pipes, among others after the flood hit the market on Friday.

Caretaker Committee Chairman of the market, Chief David Obidike, disclosed this during a tour of the affected areas while taking members of his executive and newsmen around the portions.

While briefing journalists on their travails, Obidike said: “On one of the nights a few days ago, the chief security officer of the market called me and told me that devastating flood from Awada Area, has carried the market as the flood entered under the Sakamori (drainage) system in the market and uprooted it, thereby wreaking havoc in the market.

“The damages were much, about 10 shops were washed away with the wares in them, the electric armoured cables, big water-borne pipe and telephone cables buried underground were all exhumed and damaged by the flood.

“As I talk now we have not gotten power supply for a month now since the rainy season started, and you can’t make a call, the market is in blackout and traders are using gen sets.

“Our market is now in danger because it is situated in the notorious Upper Iweka axis, these hoodlums can easily come into the market through the damaged portions caused by the erosion menace,” Obidike lamented.

He said the only saving grace of the traders from theft has been that it has a team of dedicated security men.

“I thank God that we have a watertight security outfit and since I assumed office as the chairman nobody has reported that his wares have been looted or stolen,” he said.

He pleaded with the Anambra Governor, Prof. Chukwuma Soludo; the Commissioner for Trade and Commerce, Hon. Obinna Ngonadi; the Federal Government and all the National Assembly members within the Ogbaru Federal Constituency to come to our rescue as the extent of damages done is beyond our financial capability.

“We are making this appeal because if the rain comes again more harm will be done to the market, let alone if the rainy season is over and nothing tangible was done,” he said.



 

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