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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BUHARI HAS BORROWED NIGERIA INTO BONDAGE- KENNETH OKONKWO.(PHOTO).

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Buhari Has Borrowed Nigeria Into Bondage – Kenneth Okonkwo 

Nollywood actor and spokesman for the Labour Party presidential campaign, Kenneth Okonkwo, has expressed concern over the level of borrowing the President Muhammadu Buhari-led government gave way to.

Okonkwo made the remark on Monday during an interview on AIT’s morning show, ‘Kakaaki.’

Okonkwo who announced his exit from APC in July said, “I’ve already ruled out the failures of APC so I rejected APC when I was in APC. I never agreed to pay their nomination fee because I believed that it was a result of corrupt tendencies.

“For you to tell a man to pay a nomination fee an amount that four years of his salary cannot cover and you are telling me you are fighting corruption, which corruption? Why do you think people are stealing 109 billion Naira in an APC-led government, the person that is supposed to guard it, they need to have such money because even if you want to contest, they’ll be asking you for billions to contest.

“So I rejected APC while I was in APC but you have to wait for an alternative, for another option, that will accommodate your own beliefs and remember, I resigned from APC before talking about any other party and when I saw a new Nigeria about to emerge from Labour Party, what I have prayed, what I wished for.

“It was only natural that I gravitated around it and that was what happened. So I was very sentimentally attached to the redemption of this country and I really thought that APC was going to provide that.
 
“When President Muhammadu Buhari was a military head of state, you know what happened? He was paying our debt with crude oil and people said he maintained his own salary. Look at what is happening now. He has borrowed us into bondage, their debt cannot even be serviced by the entire revenue.”


 

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