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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LOOTING OF NEMA WAREHOUSE, SYMPTOM OF IMPENDING REVOLUTION- SHEHU SANI WARNS. (PHOTO).

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 Looting of NEMA warehouse, symptom of impending revolution – Shehu Sani warns


Former lawmaker and social critic, Senator Shehu Sani, has reacted to the alleged looting of a warehouse belonging to the National Emergency Management Agency of Nigeria, NEMA, by some residents of the Federal Capital Terrritory, FCT.


According to Sani, the development is a dangerous symptom of an impending revolution.


Some residents of the FCT had looted a warehouse belonging to the NEMA amid the current economic hardship across the country.


It was gathered that the residents carted away foodstuffs and other items.


“Masses looting foodstuffs from a Government Warehouse in our oil rich Nigeria is a dangerous symptom of an impending revolution that must be averted or contained,” he wrote on his X handle on Sunday.


Recall that the International Monetary Fund, IMF, had said that stalled per-capita growth, poverty and high food insecurity have exacerbated the ongoing cost-of-living crisis in Nigeria.


The report emerged amid rising inflation, exchange rate crisis, weak economic growth and business shutdowns.

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