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 SEEKS EXPANDED TRADE RELATIONS BEYOND GAS EXPORTS TO SOUTH KOREA; ENHANCED SECURITY COOPERATION.(PHOTOS).#PRESS RELEASE.

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PRESIDENT BUHARI SEEKS EXPANDED TRADE RELATIONS BEYOND GAS EXPORTS TO SOUTH KOREA; ENHANCED SECURITY COOPERATION

 
President Muhammadu Buhari Wednesday in Seoul, expressed Nigeria’s desire to widen the scope of trade relations with the Republic of Korea beyond gas exports.
 
Speaking during a bilateral meeting with his Korean counterpart, Mr. Yoon Suk-Yeol at the Presidential Palace on the sidelines of the First World Bio Summit, the President called for expansion from the long-term gas contract to other areas.
 
On piracy in the Gulf of Guinea to which Korean ships had fallen victim, President Buhari noted that the level of attacks had decreased considerably over the last one year due to the provision of equipment to the Nigerian Navy and Nigerian Maritime Administration and Safety Agency (NIMASA) by the Nigerian government, while also commending the Korean government for the supply of a vessel to the Navy.  
 
In this respect, the Nigerian leader said he looked forward to enhanced defence and security cooperation with the Republic of Korea.
 
The President, who thanked his Korean counterpart for inviting him to address the World Bio Summit, also appreciated him for expressing sympathy with Nigerians on the flood disaster.
 
Earlier, President Suk-Yeol had sympathized with President Buhari over the massive havoc and human losses caused by flood in his country.
 
He described Nigeria as Africa’s largest economy and cultural powerhouse that produces huge number of films, expressing confidence that Nigeria’s economic and cultural capabilities will contribute significantly to exchanges and cooperation between both countries.
 
Both leaders also discussed the need for cooperation at the multilateral level, particularly at the United Nations with South Korea indicating interest to vie for a seat on the Security Council in 2024 and seeking Nigeria’s support. Similarly, the Korean leader sought Nigeria’s support for her country’s plan to host the 2030 EXPO.
 
The issue of peace on the Korean Peninsula, demilitarization and denuclearization of the region also featured in the bilateral talks.
 
Femi Adesina
Special Adviser to the President
(Media & Publicity)
October 26, 2022.
More photos below. 





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