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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HIKE IN FLOUR PRICE: 'GURASA' SELLERS DOWN TOOLS IN KANO. (PHOTO)

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 Hike In Flour Price: ‘Gurasa’ Sellers Down Tools In Kano


Manufacturers of ‘Gurasa’ – a local bread in Kano down tools on Friday over hike in the price of flour.


According to the leader of the Gurasa Manufacturers Association, Fatima Auwal Chediyar Yan Gurasa, they chose to embark on an indefinite strike until the market becomes favourable.


She said, “The price of the flour which is our major commodity is too high. The price of a bag of flour is now more than N40,000. What are we going to do?”


She pointed out that the majority of the manufacturers were single mothers fending for their families, but the price of flour is now threatening their capital.


“Before the people selling the flour tonus used to give us on credit and we pay after sale, but they don’t do that anymore.


“The essence of this peaceful protest is to draw the attention of authorities that we are facing serious trouble. We will soon be out of business if something is not done. Already the business is not that strong and flour is about to pin us down.


“Most people that are less privileged feed on Gurasa because they cannot afford bread so it is not us alone but the masses also who rely on us to feed.”


Above are pictures of the protesters

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