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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DAYS WHEN NAIRA WILL BE STRONGER THAN US DOLLAR COMING BACK- PASTOR ADEBOYE, PREDICTS.(PHOTO).

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Days When Naira Will Be Stronger Than US Dollar Coming Back, Redeemed Church Overseer, Pastor Adeboye, Predicts

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye on Sunday predicted that naira would regain its strength against the US dollar.

The cleric said this while preaching during the church’s monthly thanksgiving service themed; ‘Uncommon Miracles,’ recalling a time when naira competed favourably with the US dollar.

Adeboye said that miracles connote something that is unique, even when people cannot comprehend it.

He said, “My wife came in the morning and said ‘Darling, we would N5,000 today;’ N5,000 of those days when the naira was stronger than the dollar.

“Don’t worry, those days will return. I know you don’t believe me. If the Lord I serve is still on His throne, those glorious days will return. Maybe when that happens, you will know that there is a God of miracles.

Also in December 2020, during RCCG’s Annual Holy Ghost Congress under the theme, “It is time to fly” held at RCCG International Headquarters, Lagos-Ibadan Expressway, Adeboye predicted that naira would regain its strength against other strong courrencies.

He prayed that God would intervene in Nigeria’s financial sector and change the hearts of policymakers who deliberately devalued the currency.

One dollar was traded at the rate of N918/$1 on Friday, representing 0.21 percent (N5) gain compared to N920 traded since Tuesday, according to data from the Abokifx, an online platform that collates exchange rates at the unregulated market.

 

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