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

EAGLES N3BN RICHER, SQUAD ARRIVES BOUAKE FOR BAFANA CLASH. (PHOTO).


 Eagles N3bn richer, squad arrives Bouake for Bafana clash


Following the Super Eagles’ progression to the semi-finals of the ongoing Africa Cup of Nations in Ivory Coast, The PUNCH reports that the team has earned a prize money of $2.5m (N3bn).

Nigeria reached the semi-finals of the 34th edition of the AFCON after defeating Angola 1-0 at the Felix Houphouet Boigny Stadium in Abidjan on Friday.

As one of the remaining four teams in the competition, the Eagles, alongside South Africa, their semi-final opponents; DR Congo and hosts Ivory Coast, have already secured $2.5m.

Before the start of the tournament, Confederation of Africa Football president, Dr Patrice Motsepe, announced a 40 per cent increase in prize monies.

According to the statement published on the website of the football governing body January 4, the winners of the tournament will receive $7m, $2m more than the reward doled out at the last edition in Cameroon.

The runners-up of the African showpiece event will now get $4m, while each of the two semi-finalists will receive $2.5m, with each of the four quarter-finalists taking home $1.3m.

“CAF has made significant progress over the past two years in increasing the prize money of the AFCON and all its other major competitions,” he said.

“We have increased the prize money of the AFCON winner to USD 7 000 000 which is a 40% increase from the previous AFCON prize money.

“I am confident that a portion of the prize money will contribute to developing football and also benefit all the football stakeholders, as well as assist our Member Associations with their administrations,” he added.

If Nigeria advanced to the final, they would have secured a minimum of $4m (N5bn) in prize money.

Additionally, if they win the tournament, they will receive $7m (N8.8bn).

Meanwhile, the Eagles arrived in Ivory Coast’s second-largest city, Bouake, on Tuesday (today) ahead of their semi-final clash against South Africa on Wednesday.

Jose Peseiro’s men have played all their matches in the tournament in Abidjan. Their first two games were at the Alassane Ouattara Stadium, Abidjan, where they drew 1-1 with Equatorial Guinea before pipping hosts Ivory Coast 1-0 in their second game.

Their last group game against Guinea Bissau which they also won 1-0 was at the Felix Houphouet Boigny Stadium while they also slay the Indomitable Lions of Cameroon 2-0 as well as the Antelopes of Angola 1-0 at the same venue.

According to the Nigeria Football Federation, the team will have one training session in Bouake on Tuesday afternoon, having had two sessions in Abidjan on Sunday and Monday.

Historically, when Ivory Coast hosted the AFCON in 1984, Nigeria also played their semi-final match in the city of Bouake against Egypt – which they won 8-7 on penalties after regulation and extra time ended 2-2. Nigeria, however, lost the final 3-1 against Cameroon.

The winners of the Nigeria vs South Africa game face the winners between hosts Ivory Coast and DR Congo, who also faceoff in Yamoussoukro same

day.

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