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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BUS CONDUCTOR,PASSENGERS EXCHANGE BLOWS OVER OLD CURRENCY NOTES IN KADUNA. (PHOTO).

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Bus Conductor, Passengers Exchange Blows Over Old Currency Notes In Kaduna


Following the deadline for the acceptance of old currency as legal tender by the Central Bank of Nigeria, bus conductors and passengers on Wednesday exchanged blows over the former’s refusal to accept old notes as transport fare in Kaduna.


Trouble started when a ten-passenger bus operating from Sabon Tasha Community, in Chikun Local Government area of Kaduna State, heading towards Kaduna Central market dropped passengers who in turn, handed over their old currencies to the bus conductor, who refused to accept the money.


One of the passengers who sustained a nose injury during the heavy fist fight, said “I entered the bus from Sabon Tasha, after bargaining with the conductor to pay 200 Naira.


On reaching my destination, I gave him the 200 naira but he refused, saying it was old currency. All my pleading fell on deaf ears.”


The Conductor was supported by the driver who rained curses on the passengers but as he returned the curses, the driver threw a blow on his face and the man retaliated.


When interviewed, the bus conductor, Sanusi Umaru said he wondered why the CBN Governor had given the deadline for the use of old currency, yet some disgruntled elements are still using it as a legal tender.


He claimed nobody would accept the old currencies from him, even if he receives it from his passengers, adding that people are aware of the implications of old currency, yet they are still using it as legal tender.


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