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

WHAT TO KNOW ABOUT ACTING CBN GOV, SHONUBI.(PHOTO).



What To Know About Acting CBN Gov, Shonubi


June 9, 2023


Mr. Folashodun Shonubi, Acting CBN Governor

President Bola Tinubu on Friday night, suspended Godwin Emefiele as the Governor of the Central Bank of Nigeria (CBN).


The Office of the Secretary to the Government of the Federation announced his suspension.


Director of Information, SGF office,Willie Bassey, in a statement on Friday, said the suspension is with immediate effect.


The suspended Emefiele was directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate).


According to information available on CBN’s website, Mr. Folashodun Adebisi Shonubi (Board Member) is the Deputy Governor (Operations Directorate).


Shonubi will act as the Central Bank Governor according to director of information, SGF office. He has been serving since October 17, 2018 – to date.


Shonubi holds double Masters Degree respectively in Business Administration and Mechanical Engineering, from University of Lagos.


He is a banker with over 30 years professional experience.


Prior to his appointment as Deputy Governor in the Central Bank of Nigeria, he was the Managing Director/CEO in the Nigeria Inter-Bank Settlement System PLC from 2012 – 2018.


Prior to his appointment as the Managing Director NIBSS PLC, Mr. Shonubi was Executive Director, Information Technology and Operations at Union Bank of Nigeria Plc; a member of the Board of Union Homes and Director, Information Technology and Corporate Services in Renaissance Securities Nigeria limited, with responsibility for the Group’ s IT infrastructure in Africa


Between 1999 and 2007, he worked in MBC International as Deputy General Manager and supervised their IT operational platforms, served in First City Monument Bank Limited as Vice President and in Ecobank Nigeria Limited as Executive Director.


Shonubi also had a stint with Citibank Nigeria Limited as its Head, Treasury Operations (1990-1993).


He has served on a number of sub-committees of the Bankers’Committee, including the Ethics and Professionalism sub-committee.

 

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