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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PRESIDENT TINUBU MEETS OKONJO-IWEALA AT THE STATE HOUSE TODAY.(PHOTO).

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President Tinubu meets Okonjo-Iweala at the State House

President Bola Tinubu met with the Director General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, at the Aso Villa in Abuja, today August 8.

The purpose of her visit was not made known to state house correspondents. However, it is believed that discussions on the economic and trade agenda of the new administration in Nigeria will be discussed.

In June 2023, Tinubu and Okonjo-Iweala met in France at the Global Pact Summit in Paris hosted by President Emmanuel Macron.

Okonjo-Iweala served twice as Nigeria’s Finance Minister between 2003 and 2006 as well as from 2011 to 2015, the first woman to hold the position.

 

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