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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"THERE'S NO RICH MAN ON EARTH THAT IS A SALARY EARNER"- DR OLUMIDE EMMANUEL CLAIMS. (PHOTO).

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 “There’s no rich man on earth that is a salary earner” — Dr Olumide Emmanuel claims


Financial expert, Dr Olumide Emmanuel, reveals that in the history of the world, there is no man who has gotten rich from only earning a salary.


He revealed this is an episode of the Honest Bunch Podcast, after observing the lifestyle and pattern of many rich people.


The businessman opines that most people with 9-5 jobs would hardly ever get to a level of financial freedom because of the nature of their jobs.


He claims that most rich men do not depend on only one source of income alone but have multiple investments.


One of those investments he mentioned includes Real Estate which he believes they use to preserve their wealth.


After observing the pattern, he applied them to his life and in three years, his story changed.


Dr Olumide, who currently owns a church, reveals he used to be a full-time pastor but had to reevaluate after his neighbors kept treating him like an errand boy as he was home all day and without a job.


Even though he still pastors now, he admits he had to get his life in order first.


He advised other pastors who intend to do full-time ministry to also get a job so they don’t have to live from hand to mouth despite getting called by God.

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