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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HONG-KONG TYCOON JIMMY LAI PLEADS NOT GUILTY TO NATIONAL SECURITY CRIMES. (PHOTO).

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 Hong Kong tycoon Jimmy Lai pleads not guilty to national security crimes

Hong Kong (AFP) – Hong Kong pro-democracy tycoon Jimmy Lai pleaded not guilty Tuesday to "sedition" and "collusion" charges in a high-profile national security trial that could see him jailed for life.


The charges against Lai –- founder of the now-shuttered popular Chinese-language tabloid Apple Daily –- revolve around the newspaper's publications, which supported pro-democracy protests and criticised Beijing's leadership.


The 76-year-old is accused of two counts of colluding with foreign forces by calling for international sanctions against Chinese and Hong Kong officials.


"Not guilty," Lai said in English for each of the three charges read out.

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