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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INDIA'S RICHEST MAN BRINGING RIHANNA AND 1,200 GUESTS TO SON'S WEDDING BASH. (PHOTO).

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 INDIA'S RICHEST MAN BRINGING RIHANNA AND 1,200 GUESTS TO SON'S WEDDING BASH



It could be the biggest party this small west Indian city has ever seen. As billionaire industrialist Mukesh Ambani prepares for the wedding of his son this summer, he's expecting billionaires from around the world, heads of state, and Hollywood and Bollywood royalty to attend a three-day bash in the family's hometown, starting Friday.


The nearly 1,200-person guest list includes Bill Gates, Mark Zuckerberg, Sunder Pichai and Ivanka Trump; Indian billionaires Gautam Adani and Kumar Mangalam Birla; legendary cricketer Sachin Tendulkar; and Bollywood celebrities such as Deepika Padukone, Shah Rukh Khan, Rani Mukherjee, Salman Khan, Arijit Singh and Diljeet Dosanjh.


They'll be entertained by pop superstar Rihanna, magician David Blaine and famous Bollywood singers.


The party is in Jamnagar, a city of around 600,000 in a near-desert part of Gujarat state. It's the family's hometown, and the home of the main oil refinery of their business empire, Reliance Industries. There will also be traditional ceremonies in a temple complex.


Forbes lists Mukesh Ambani as the richest person in Asia. His Reliance Industries is a massive conglomerate, reporting over $100 billion in annual revenue, with interests ranging from petrochemicals, and oil and gas to telecoms and retail.


Indian tycoons are never in a hurry to pass on the baton, but the 66-year-old Mukesh Ambani has begun handing over leadership to his sons and daughter.


The guest list also includes Mohammed Bin Jassim al Thani, the prime minister of Qatar; Stephen Harper, former Canadian prime minister; and the king and queen of Bhutan.


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