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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NIGERIAN BREWERIES ANNOUNCES FRESH INCREASE IN PRICES OF BEER. (PHOTO).

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 Nigerian Breweries announces fresh increase in prices of beer


Nigerian Breweries Plc, on Monday, announced a fresh increment in the price of its products after the previous increase in February.


The company had earlier issued a new price review notification to all its customers in the West Zone.


A letter dated Monday, February 12, 2024, stated that the price review, effective from Monday, February 19, 2024, had become imperative to offset the impact of increased production expenses.


Meanwhile, on Monday, another press statement dated March 8, 2024, was sent to customers around the West zone and signed by its Zonal Business manyager, Lekan Awosanya, announcing a new price increase.


The company, in the statement, said the new price review will take effect from Friday, March 15, 2024.


According to the notice, the latest price review is premised on the need to mitigate the impact of rising input costs.


The statement read, “As earlier informed we will review the prices of some of our SKUs effective Friday 15th March 2024. This review has become necessary because of the continued rising input cost and the need to mitigate the impact.


“All open orders in our system at 00.00hrs on Friday 15th of March, 2024 will be invoiced at the new prices.”


But the company expressed appreciation to its customers for their commitment and great partnership while assuring dealers of continued support for sales and distribution.


Nigerian Breweries is the producer of Star lager beer, Gulder lager beer, Legend Extra Stout, Heineken lager beer, Life Continental lager, Ace Passion, Star Lite and Star Radler, 33 Export lager beer, Williams dark ale, Turbo Kings dark ale, More lager beer, Star Radler Red Fruits, and Desperados, amongst others.

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