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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PRES. TINUBU MOURNS CEO OF ACCESS HOLDINGS PLC, HERBERT WIGWE, FORMER GROUP CHAIRMAN OF NIGERIAN EXCHANGE GROUP, ABIMBOLA OGUNBANJO AND FAMILY MEMBERS. (PHOTO). #PRESS RELEASE

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 STATE HOUSE PRESS RELEASE 

PRESIDENT TINUBU MOURNS CEO OF ACCESS HOLDINGS PLC, HERBERT WIGWE, FORMER GROUP CHAIRMAN OF NIGERIAN EXCHANGE GROUP, ABIMBOLA OGUNBANJO AND FAMILY MEMBERS



After receiving an official confirmation of events, President Bola Tinubu receives with shock and deep distress the news of the passing of Mr. Herbert Wigwe, top banker and entrepreneur, and Mr. Abimbola Ogunbanjo, OFR, former Group Chairman of the Nigerian Exchange Group Plc, along with members of the Wigwe family.


Mr. Herbert Wigwe, CFR, was the Chief Executive Officer of Access Holdings Plc and founder of the How Foundation.


President Tinubu mourns these exceptional Nigerian business leaders and describes their passing as "an overwhelming tragedy that is shocking beyond comprehension."


The President condoles with the Wigwe and Ogunbanjo families, the business community, and all those impacted by this harrowing incident.


President Tinubu prays for the peaceful repose of the departed and asks God Almighty to comfort the multitude of Nigerians who are grieving and the families of the deceased at this deeply agonizing moment.


Chief Ajuri Ngelale 


Special Adviser to the President 


(Media & Publicity)


February 11, 2024

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