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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GOV. SANWO-OLU MOURNS HERBERT WIGWE. (PHOTO). #PRESS RELEASE

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 SANWO-OLU MOURNS HERBERT WIGWE



Herbert, my brother, my friend and my adviser. 


Herbert, the king of visionary and disruptive ideas.


I'm deeply saddened by the tragic loss of my dear brother and friend, Dr. Herbert Wigwe, his dear wife Doreen, and their beloved son Chizi in a helicopter crash. 


Herbert was not just a brother and visionary leader but one of the brightest minds in Africa. His impact on our nation and beyond will be remembered forever. My heart mourns.


Herbert’s contributions to Banking and the financial sector in Africa were unparalleled. He was an unapologetic believer in the Nigerian solution. His dedication and passion for progress inspired us all. Today, we mourn not just a leader but a true friend and brother. Lagos and Nigeria have lost a remarkable soul. Rest in peace, my brother.


We also lost another great business leader and legal luminary, my egbon Abimbola Ogunbanjo, former Group Chairman of Nigerian Exchange Group Plc, who contributed significantly to the development of the Capital Markets and Corporate law in Nigeria. May his soul rest in peace. 


In this difficult time, our thoughts are with the families of all the victims, and we pray for strength and grace.


Babajide Sanwo-Olu


Lagos State Governor


11th February 2024


Dr. Obafemi Hamzat 

Babajide Sanwo-Olu 

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