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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BILL GATES IS PREDICTING THAT AI TECHNOLOGY WILL BE TRANSFORMATIVE FOR EVERYONE WITHIN THE NEXT FIVE YEARS.(PHOTO).

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Bill Gates is now predicting that AI technology will be transformative for everyone within the next five years.
 
The rise of AI raises fears that the technology will eliminate millions of jobs around the world with the International Monetary Fund (IMF) reporting this week that about 40% of jobs around the world could be affected by the rise of AI.

But Gates believes history shows that with every new technology comes fear and then new opportunity.

    “As we had [with] agricultural productivity in 1900, people were like ‘Hey, what are people going to do?’ In fact, a lot of new things, a lot of new job categories were created and we’re way better off than when everybody was doing farm work,” Gates said in an interview with CNN’s Fareed Zakaria on Tuesday.
     
    “This will be like that.”

 

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