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 SALUTES JIM OVIA ON HIS BIRTHDAY, COMMENDS HIS SERVICE TO SOCIETY.(PHOTO).#PRESS RELEASE.

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PRESIDENT BUHARI SALUTES JIM OVIA ON HIS BIRTHDAY, COMMENDS HIS SERVICE TO SOCIETY


President Muhammadu Buhari wishes a Happy 71st birthday to Jim James Ovia CFR, CON, businessman and founder of Zenith Bank, Africa’s largest commercial bank, referring to him as a symbol of service and dedication.
He praised him for his life of service to society.

“Jim Ovia,” according to the President, “is a beloved citizen,” praising him for his visionary accomplishments in business and banking in particular, and “for his efforts to accomplish seemingly impossible tasks as demonstrated by the success of Zenith Bank, which he founded in 1990, as well as his commitment to the welfare of the nation and its people.”

President Buhari commended the banker for identifying with the administration from its inception, and for his support for the reform policies engendered by it.

In wishing Jim Ovia a happy birthday, President Buhari urged him to continue his service to the nation and its people and “to do even more in these tough times.”

Garba Shehu 
Senior Special Assistant to the President 
(Media & Publicity)
November 4, 2022


 

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