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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UCHE EDOCHIE RECALLS SELLING HIS NEW CAR TO START ALL OVER AFTER HIS HOUSES WERE DEMOLISHED. (PHOTOS).

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Uche Edochie recalls selling his new car to start all over after his houses were demolished

Uche Edochie, one of the sons of actor Pete Edochie, has recounted his ordeal after building two mansions and buying a car only to lose it all.

He explained that he had a plan for how his life would go and he was on track.

He said he purchased a BMW Series Gran Tourismo for $100,000 in 2012.

Then in 2013, he started building a mansion and a duplex, unaware that it was on marshy land and others who had built in the area lost their homes.

After building, he said his house began dipping below the water level and he had no choice but to demolish both structures. 

He then had to sell his car to start all over.

He explained that attempting to rebuild took years because the economy had taken a nosedive and government officials were also attacking.

He said it was a tough period but he eventually came out of that ordeal.

Speaking of the lesson he learnt from his ordeal, he wrote, “Good times teach us nothing. We grow more in adversity. So pain is essential.”

Read his story below.

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