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

FULL PUMP PRICE: STOP THE UGLY DRIFT, NUJ TELL TINUBU. (PHOTO). #PRESS RELEASE.


FULL PUMP PRICE: STOP THE UGLY DRIFT, NUJ Tell Tinubu 

July 18, 2023

Nigeria Union of Journalists is alarmed at the just announced increase in the pump price of Premium Motor Spirit (PMS) to N617 per litre in Abuja and N568 in Lagos respectively.

This development has already triggered astronomical increases in transportation costs, with prices of food items soaring almost beyond the reach of many citizens, even as users of generators to power their homes are already groaning uncontrollably under the present situation.

While we applaud the decision to remove the costly subsidies on fuel, however we had cautioned against a hasty implementation of the policy without putting mitigating measures in place to cushion the excruciating effects.

We are saddened by the fact that today most people can hardly commute to work or other places of business without too much stress because the embarrassing sudden surge in petrol prices has made it so.

We believe that this sudden decision is an over kill and we urge that the situation should be reversed immediately while adequate measures are considered and put in place to lessen the effects on ordinary Nigerians.  

Shuaibu Usman Leman
Walin Shadalafiya
National Secretary

 

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