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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COURT ORDERS NIGERIAN GOVT TO FIX PRICES OF GOODS, PETROLEUM PRODUCTS. (PHOTO).

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  Court orders Nigerian Govt to fix prices of goods, petroleum products

A Federal High Court sitting in Ikoyi, Lagos, has ordered the President Bola Tinubu administration to fix the prices of goods and petroleum products within seven days.


Justice Ambose Lewis-Allagoa granted the order sequel to an originating motion filed and argued by the applicant and human rights activist, Femi Falana, SAN.


Granting the order, the judge said, “I have heard the applicant Femi Falana in a suit no FHC/L/CS/869/2023 and I have also discovered that despite the service of the originating motion on the respondents, namely Attorney-General of the Federation and the Price Control Board, there is no opposition to it by way of counter affidavit, which is law that all the facts deposed in the affidavit attached to the originating motion are all deemed admitted.


“Consequently, all prayers that are sought for in the motion papers are hereby granted as prayed.”


The judge ordered the Nigerian Government to fix the price of milk, flour, salt, sugar, bicycles and its spare parts, matches, motorcycles and its spare parts, motor vehicles and its spare parts, as well as petroleum products, which include: diesel, petrol motor spirit (PMS) and kerosene.

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