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

PRES. TINUBU TO AFRICAN UNION: NIGERIA IS BEHIND YOU AND WE WILL NOT LET YOU FAIL TO SECURE STABILITY AND PROSPERITY FOR AFRICA.(PHOTOS).#PRESS RELEASE


STATE HOUSE PRESS RELEASE

PRESIDENT TINUBU TO AFRICAN UNION: NIGERIA IS BEHIND YOU AND WE WILL NOT LET YOU FAIL TO SECURE STABILITY AND PROSPERITY FOR AFRICA


• AU seeks close coordination with Nigeria on all continental matters

• President Tinubu tells OIC: Islamic leaders in Africa must learn to accept will of Allah

• OIC hails President Tinubu's "bold" leadership on economic reform and geopolitical stability

President Bola Tinubu asserted that the African Union (AU) is strategically positioned to secure consensus positions for the continent on economic and socio-political relations with the world, particularly with Nigeria's stalwart backing, as he engaged in a bilateral discussion with the President of the Union of Comoros and Chairperson of the African Union (AU), President Azali Assoumani, on Monday in New York.

"There is nothing that can bring development and prosperity, outside of embracing freedom and constitutional order. It is a critical hallmark of sustainable development. We appreciate that the AU is working hard to bring about peace in the Sahel and is actively negotiating between the warring factions in Sudan. Peace in Sudan will be a great achievement. I appreciate your effort in Burkina Faso and our effective cooperation on Niger.

"You can call me at anytime and we will discuss the peace and stability of AU member states. We need stability and prosperity for the black race. This is our era. We must be peaceful in order to take maximum advantage of the developmental opportunities presented to Africa in this era. We must build a model of sustainable development. Nigeria will collaborate with you. But we must move beyond those whose vision of Africa is narrow and evil. We are not afraid of confrontation, but we prefer to be restrained for now, at this time," the President declared.

The Chairperson of the African Union, President Azali Assoumani, noted that the African Union seeks to complete Nigeria's effort in securing peace and prosperity in Africa, rather than competing with it.

"It is our responsibility to confront the extra-constitutional wrestling for power on the continent. We have told China and Russia that they have a responsibility to ensure that there is stability in these countries, as there will be no developmental partnership where there is a lack of stability in countries being impacted by coupists. We appreciate your stand on these matters," the AU Chairperson said.

As President of the Union of Comoros, the AU Chairperson said that Comoros seeks to learn from Nigeria's experience concerning the steady improvement in diversity management, electoral officiation and economic growth over many years.

"We want to turn our country into an emerging economy and we need the experience of Nigeria as we seek your cooperation to conduct an election that will win us the respect of the international community and allow us to develop at the right speed and quality," the Comoros President emphasized. 

President Bola Tinubu also welcomed the Secretary-General of the Organisation of Islamic Cooperation (OIC), Hissein Brahim Taha, and reiterated that the Islamic world has a strategic role to play in the sustenance of peace and development in Africa, and across the globe.

"The effort we are making in the Sahel is very important. We know we must double our efforts. We must tell our muslim brothers who are struggling to steal power that only Allah chooses leaders. We must respect the will of Allah. I am ready to collaborate with you. Your efforts in supporting agricultural growth and food security through the provision of resources from Islamic banks has been most commendable and our region is appreciative. I am determined to work with you in uplifiting Nigerians and Africans," the President assured.

The leader of the 57-nation body of cooperation praised the Nigerian President for his active effort in bringing African states to a place of common understanding.

"We must gain consensus on the need for peace, especially amongst our member states. When you were elected as ECOWAS Chairman, it gave us confidence and hope that the situation in the Sahel region would improve because you are bringing people together. We were also happy about your election as President of Nigeria and we see the changes," the OIC leader stated.

The OIC Secretary-General extended an invitation to President Tinubu to participate at the OIC Heads of State Summit, expected to hold in a few months.

Chief Ajuri Ngelale

Special Adviser to the President

(Media & Publicity)

September 19, 2023.
More photos below. 


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