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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CBN GOVERNOR OLAYEMI CARDOZO IS SET TO ADDRESS THE NATION ON FRIDAY. (PHOTO).

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Central Bank Governor Olayemi Cardozo Set to Address the Nation

Governor of the Central Bank of Nigeria Olayemi Cardozo will reportedly address the nation by 7 pm on Friday (tomorrow).

The development was disclosed by a source close to the CBN governor, who spoke on the condition of anonymity.

The address will afford Cardozo the opportunity to explain the monetary policy of the CBN and plans to halt the fall of the national currency, the Naira.

The address will be the first public engagement by Cardozo since he was appointed CBN Governor by President Bola Tinubu over two months ago.

 

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