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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FEMI OTEDOLA GIFTS ALL 750 STUDENTS OF AUGUSTINE UNIVERSITY N1M EACH.(PHOTO).

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Femi Otedola gifts all 750 Students of Augustine University N1 million each

Femi Otedola, Nigerian billionaire and Chairman of the electricity producer Geregu Power, was on Thursday inaugurated as the Chancellor of Augustine University.
The inauguration took place at an auditorium in the school which is located in Ilara, a town in Epe local government area of Lagos State Southwestern Nigeria.
Speaking on his new achievement, Otedola expressed gratitude to God.
The Nigerian billionaire also donated N1m to each of the 750 students of the university.
The total sum of the scholarship donation amounts to N750 million (Seven Hundred and Fifty Million Naira).
Otedola specified that the scholarship would benefit both returning and new first-year students.
The university has approximately 500 returning students and an estimated 250 new first-year students, making the scholarship donation applicable to around 750 students in total.
Announcing the donation, the billionaire said: “I hereby announce a scholarship donation to each returning student of the University and each new first year student of our University the amount of One Million Naira Each towards the 2023 / 2024 session school fees of each student. I am told that there are 500 returning students and about 250 new first year students making a total Scholarship donation of N750 Million (Seven Hundred and Fifty Million Naira). I hope this donation assists the plight of the parents of our students in this difficult time.”

 

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