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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SUPER EAGLES TO GET N9BN FOR AFCON WIN. (PHOTO).

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 Super Eagles to get N9bn for AFCON win


The Confederation of African Football (CAF) will reward the Super Eagles  with N9 billion ($7m) if they win the Africa Cup of Nations final.

The Nation reported the Confederation had increased the cash prize for the winners of the tournament from $5m to $7m.

The Eagles, who play the hosts on Sunday, are among the finalists and have already secured $4 million in cash prize.

The African tournament’s runners-up will receive $4 million (N5 billion), the losing semi-finalists, South Africa and the Democratic Republic of the Congo, will each receive $2.5 million, while the four quarter-finalists will each receive $1.3 million.

In the official statement of the CAF on cash prizes for the competition, they wrote: “CAF has made significant progress over the past two years in increasing the prize money of the AFCON and all its other major competitions,” Motsepe said.

“We have increased the prize money of the AFCON winner to USD 7 000 000 which is a 40% increase from the previous AFCON prize money.

“I am confident that a portion of the prize money will contribute to developing football and also benefit all the football stakeholders, as well as assist our Member Associations with their administrations.”

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