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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PETROL SCARCITY HITS FCT AS NARTO STOPS LIFTING PRODUCTS. (PHOTO).

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 Petrol scarcity hits FCT as NARTO stops lifting products


Long queues resurfaced on Monday, February 19, at Premium Motor Spirit (PMS) petrol stations in the Federal Capital Territory (FCT) as the Nigerian Association of Road Transport Owners (NARTO) halted tanker operations, citing unsustainable high costs.

The association has notified the Federal Government and Major Energy Marketers Association of Nigeria of its plan to suspend operations. 

Monitoring the petrol market on Monday morning, The Nation observed that most petrol stations have shutdown.

The few Independent marketers who opened to customers dispensed the product for between N648 to N670 per litre.

The few Nigerian National Petroleum Company Limited (NNPCL) retail outlets that were opened sold the product for N617 per litre amid endless queues.

Besides, black marketers sold 10 litres for N850 in plastic containers.

Meanwhile, the NARTO President, Alhaji Yusuf Lawal Othman, who spoke with the Nation on phone confirmed that the enforcement of the suspension of operation has just begun.

He said it will culminate in complete stoppage of the haulage of the product.

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