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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ARCON SUSPENDS TWO TOP OFFICIALS FOR APPROVING 'ALL EYES ON JUDICIARY ' BILLBOARD. (PHOTO).

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ARCON suspends two top officials for approving ‘All Eyes on Judiciary’ billboard

The Advertising Regulatory Council of Nigeria (ARCON) has suspended two top officials for approving the ‘All Eyes on Judiciary’ billboard advert in Abuja.

Reports have it that the Federal Government on Tuesday dissolved the Secretariat of the Advertising Standard Panel (ASP) over its approval of billboards termed as blackmailing the Presidential Election Petition Tribunal with the title: ‘All Eyes on The Judiciary.’ 

A statement by the Director-General of the Advertising Regulatory Council of Nigeria (ARCON) Dr. Olalekan Fadolapo, confirmed the suspension.

The suspended officials are the Director and Deputy Director Regulations of the council.

Fadolapo said the advertisement is considered blackmail against the Nigerian Judiciary, the Presidential Election Petition Tribunal, and particularly the Honourable Justices of the Tribunal who are expected to discharge their judicial functions without fear or favour over a matter that is currently jus pendis.

The statement in part reads: “The Council would set up a committee to investigate the circumstances leading to the “erroneous approval” of one of the concepts of the advert and the breach of the vetting guidelines.  

“Consequently, the Director and Deputy Director, Regulations have also been suspended. The suspension is to enable an unprejudiced investigation of the issue. The Advertising Standards Panel (ASP) Secretariat failing to diligently exercise its function as the gatekeeper of advertising, advertisement, and marketing communications is hereby dissolved.”

 

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