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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GUINEA-BISSAU DISSOLVES PARLIAMENT AFTER COUP ATTEMPT.(PHOTO).

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Guinea-Bissau dissolves parliament after coup attempt

The President of Guinea-Bissau, Umaro Embalo, issued a decree on Monday dissolving the parliament after an attempted coup in the West African nation.

Violence had erupted between members of the national guard and special forces of the presidential guard on Thursday night in the capital, Bissau, leaving two people dead before the army ordered its forces back to barracks.

Embalo, who was in Dubai attending the COP28 climate conference, arrived back in Bissau on Saturday and announced that an “attempted coup d’etat” had prevented him from returning earlier.

On Monday, he said there had been “complicity” between the national guard and “certain political interests within the state apparatus.”

That meant “the normal functioning of the institutions of the Republic has become impossible,” he added.

“The date of forthcoming legislative elections will be set at the opportune moment, in line with the constitution,” Embalo said in a communique.

Since gaining independence from Portugal in 1974, the country has seen a series of coups and coup attempts.
Elected to a five-year term in December 2019, Embalo survived a bid to overthrow him in February 2022.


 

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