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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I MADE MY WEALTH FROM INHERITANCE- TINUBU. (PHOTOS).

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I Made My Wealth From Inheritance - Tinubu 

Bola Tinubu has claimed real estate inheritance as the source of his stupendous wealth in the latest version of his ever-changing narratives regarding how he came about the billions of dollars he is believed to be sitting on.

The All Progressives Congress presidential candidate for 2023 said he inherited a substantial real estate that grew even bigger following shrewd investing decisions, a claim that contradicted his previous interviews in which he cited bonuses from earnings as a mid-level official at Deloitte.

Mr Tinubu has also previously claimed he became wealthy following his retirement outlays as a senior treasurer with oil giant Mobil in the late 1980s.

“I inherited great real estate. I turned the value around. I’m not denying my wealth,” Mr Tinubu said in the interview posted on BBC Africa’s Facebook page.

Mr Tinubu, 70, slammed his critics as enemies of wealth for wondering how he was about to build a multibillion-dollar empire despite lacking any background as an industrialist or business executive.

“Are they enemies of wealth? If they are not enemies of wealth, investments do yield,” Mr Tinubu said.


 

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