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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MY MONEY WAS BECOMING TOO MUCH- OLAMIDE ON WHY HE STARTED SIGNING ARTISTS.(PHOTO).

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 My money was becoming too much – Olamide on why he started signing artists


Nigerian rapper and singer, Olamide Adedeji, simply known as Olamide, has revealed why he established a record label.


The YBNL boss said he started a record label so he can spend his money which is “becoming too much” on young artistes’ careers.


He disclosed this in an interview with Apple Music’s Ebro Darden.


He said, “I just started stacking up money and the money was becoming too much for me. I’m like, yo, I don’t have anything to do with all this money, mehn, I need to sign new guys. Let me spend money on people, you know.


“It is just like my own little way of giving back to the community.”


Olamide’s YBNL Nation is home to two of the hottest new generational afrobeats artists in the country; Fireboy DML and Asake.


Adekunle Gold, Lil Kesh, Chinko Ekun, Young Jonn, and Pheelz were formerly signed to the record label.

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