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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CHINA’S XI JINPING BACKS 'JUST CAUSE' OF PALESTINIAN STATEHOOD.(PHOTO).

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China’s Xi Jinping backs ‘just cause’ of Palestinian statehood


Palestinian Authority President Mahmoud Abbas’s visit to Beijing comes as China stakes out a greater role in the Middle East to counter US influence.


President Xi Jinping says China backs the Palestinian struggle for statehood as Palestinian Authority President Mahmoud Abbas arrived for a three-day visit.


The Palestinian leader was welcomed with full military honours at the Great Hall of the People on Wednesday in Beijing.


“We are good friends and partners,” Xi told Abbas at the start of their meeting. “We have always firmly supported the just cause of the Palestinian people to restore their legitimate national rights.”


Xi made the comments as China stakes out a greater role in the Middle East to edge out the United States’s influence there while seeking to facilitate Israeli-Palestinian peace talks.


A solution to the Israeli-Palestinian conflict lies in the establishment of an “independent Palestinian state based on the 1967 borders with East Jerusalem as its capital”, Xi was quoted as saying by Chinese state media – reiterating a 1967 UN Security Council resolution that Israel rejects.


Abbas said his administration was “looking forward to strengthening cooperation with China” and securing investment.


“We especially appreciate the Chinese side’s commitment to financing a number of development projects presented by Palestine. We wish the speedy dispatch of technical delegations to implement these projects,” Abbas said.


Xi called China’s “strategic partnership” with Palestine an “important milestone in the history of bilateral relations”.


Israeli-Palestinian peace negotiations have been stalled since 2014.


Beijing has sought to bolster its influence in the Middle East, helping broker a rapprochement between Saudi Arabia and Iran in March, while challenging longstanding American sway in the region.


Xi travelled to Saudi Arabia in December for the first China-Arab States Summit. He also met Abbas and promised to “work for an early, just and durable solution to the Palestinian issue”.


Iranian President Ebrahim Raisi, meanwhile, was in Beijing in February – the first Iranian leader to visit China in 30 years.


Think tank says Chi­na had 17 per­cent more nu­clear war­heads in Jan­u­ary 2023 com­pared with the year be­fore.


Riyadh leads the Arab re­gion in boost­ing trade ties with Bei­jing as it looks to di­ver­si­fy its econ­o­my away from oil.

 

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