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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WHY I DO NOT OWN A CAR DESPITE BEIJG A CELEBRITY- PERE.(PHOTO)

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Why I do not own a car despite being a celebrity – Pere

Reality TV star, Pere Egbi said that he refrains from owning a car because he doesn’t view it as an investment.
He berated those who squander their money on exotic cars, stressing that landed properties and businesses are assets but not cars.
Speaking in the latest episode of the Spill With Phyna podcast, Pere said: “Car no be investment. A house is an asset, a business is an asset. Using all your savings to buy cars is unnecessary.
“Right now, I don’t own a car. I used to drive a brand new lexus LS570 but I sold it because I needed to put the money into my film. It’s an investment. At the end of the day, I made more from the film.”
He also disclosed in the podcast that he got married at the age of 25 in the United States.
He said his marriage crashed because his ex-wife suspected that he was having an affair with a female friend.

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