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

VICE PRESIDENT SHETTIMA ARRIVES IN BEIJING. (PHOTO).


Vice President Shettima Arrives In Beijing

Vice President Kashim Shettima has arrived in Beijing, China, on Monday to attend the 3rd Belt and Road Forum for International Cooperation. 

The Vice President, was received at the Beijing International Airport by the Vice Chairman of the Standing Committee of the Beijing Municipal People’s Congress, Mr Li Yingjin, and the Deputy Director of the African Affairs Department of the Chinese Ministry of Foreign Affairs, Mr Yu Yong.

Nigeria’s Ambassador to China, Baba Jidda, was also on hand to receive the nation’s number two citizen.

He will join world leaders from over 130 countries in Africa, Asia, Europe, and Latin America at the Forum to deliberate on the theme, “High-quality Belt and Road Cooperation: Together for Common Development and Prosperity.”

Shettima is also billed to hold bilateral meetings with other world leaders to promote the country’s trade and investment relations in line with the economic development agenda of the Tinubu administration.

The 2023 edition of the BRI, will mark the 10th anniversary of the Belt and Road Initiative (BRI), championed by the President of China, Xi Jinping, as an initiative for global infrastructure development strategy.

Beijing, the capital city of China, is wearing a new look in readiness to host leaders from all parts of the world.

Chinese President Xi Jinping will declare the summit open and deliver a keynote address at the opening ceremony on Tuesday, October 17, 2023.

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