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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CAMA 2022 POSTPONED.(PHOTO).#PRESS RELEASE.

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BREAKING:  CAMA 2022 POSTONED


Classic Africa Merit Award (CAMA) 2022 billed to take place on Sunday 20th November has been postponed due to the demise of the Chairman of Classic International Magazine, Dr. Iyke Kanu.

Announcing the postponement on Wednesday, 16th November, the Publisher of Classic International Magazine and Convener of CAMA, Mr. Dave Agwazim said, “With heavy heart and total submission to the will of the Almighty God, I regret to announce the postponement of 2022 Classic Africa Merit Award due to the sudden demise of my Chairman, Dr. Iyke Kanu”.

Until his death, Dr. Kanu is an unrivaled philanthropist, serial investor and astute businessman whose business concerns spans across hospitality, real estate, oil and gas, etc.

Classic Africa Merit Award is established by Digital Solutions, publishers of The Classic International Magazine as an annual event in the calendar of the Africa community to honour real drivers of the economy in various fields ranging from governance, academics, business, entertainment, etc.

Every year, CAMA honours individuals, companies and their brands in recognition of their significant contributions to the sustenance and growth of Africa’s business environment.  As usual, CAMA 2022 is tagged “Choosing a Leader in times of Economic, Security and Political Instability:  Issues and Perspectives”.

Dave further said that the new date for CAMA 2022 will be communicated soon, while regretting the inconveniences this would cost their sponsors, proposed award recipients and the general public.

He said, “I want to enjoin our sponsors, supporters, proposed recipients and the general public to bear with us and continue to pray for us in this trying time, especially for Dr. Kanu’s immediate family.  We will make public the new date for CAMA 2022 soon”.  He concluded.


 

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