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

FERANMI OLAOYE TAKES OVER FROM SEUN OLOKETUYI AS BON AWARDS PRODUCER. (PHOTO).


 Feranmi Olaoye takes over from Seun Oloketuyi as BON Awards producer


Popular film producer, Seun Oloketuyi has bowed out as the Chief Executive Officer of Best of Nollywood (BON) after 15 years in charge.

The longest running Nigerian movie award in a statement also named Feranmi Olaoye as the acting executive producer of the awards. 

The statement also disclosed that the organisers of the BON Awards have partnered with Group 8 Ltd, the media firm, for the next five editions of its awards.

Group 8 LTD is a media-tech organisation “renowned for its diverse mass and new media assets, including Soundcity, Trybe TV, OnTV, and Spice TV”.

BON said the collaboration will “elevate innovation in media and communications” for its events.

“Simultaneously, Seun Oloketuyi, the Founder and Chief Executive Officer of Best of Nollywood (BON) Awards, is stepping down from the leadership position,” the statement reads in part.

“In his place, Feranmi Olaoye has been appointed as the Acting Executive Producer of the Awards, effective immediately. Olaoye will be supported by a soon-to-be-announced nine-member Advisory Board, which will also have Oloketuyi as a member.

“The collaboration with Group 8 LTD aims to ensure the seamless and enhanced delivery of Nigeria’s longest-running award production.”

The BON Awards ceremony was first held in December 2009, in Ikeja, Lagos.

It has since continued to be a creative strata for the Nigerian movie industry.

The award ceremony has been hosted in different states including Ogun, Oyo, Kogi, Kano, Ekiti, Delta, Abia and most recently in Osun.

As the founder and Chief Executive Officer of Best of Nollywood Awards, Oloketuyi has not only created a platform that celebrates hardwork and consistency in the Nigerian film industry, he established a social event which connects people.

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