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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FUEL QUEUES: NNPC CAUTIONS AGAINST PANIC BUYING, SAYS FUEL RESERVES ARE SUFFICIENT FOR 30 DAYS.(PHOTO).

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 Fuel Queues: NNPC cautions against panic buying, says fuel reserves are sufficient for 30 days


The Nigerian National Petroleum Company (NNPC) Limited has warned Nigerians against panic buying stating that it has enough fuel reserves.


The retail management of the NNPC in a statement on Thursday, October 19 said the queues recently being seen in parts of Lagos and Abuja are due to reduced Depot loadout in Apapa, Lagos over a few days.


“We assure all Nigerians that there is ample supply with sufficiency of at least 30 days,” the statement said.


The NNPC advised motorists to desist from panic buying as distribution will normalize over the next couple of days.

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