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

USA BLACKLISTS ZIMBABWE’S PRESIDENT ' EMMERSON MNANGAGWA' FOR CORRUPTION. (PHOTO).


USA BLACKLISTS ZIMBABWE’S MNANGAGWA FOR CORRUPTION 


The United States on Monday imposed sanctions on Zimbabwean President Emmerson Mnangagwa and other senior leaders, denouncing what it said was a campaign of rights abuses and corruption.

The sanctions, which will block any U.S.-based property and block any unofficial travel to the United States, replace a broader, two-decade-old sanctions program against Zimbabwe.

"The changes we are making today are intended to make clear what has always been true: our sanctions are not intended to target the people of Zimbabwe," Deputy Treasury Secretary Wally Adeyemo said.

"We are refocusing our sanctions on clear and specific targets: President Mnangagwa's criminal network of government officials and businesspeople who are most responsible for corruption or human rights abuse against the people of Zimbabwe," he said.

Secretary of State Antony Blinken called the new measures were part of a "stronger, more targeted sanctions policy" on Zimbabwe as he voiced concern over "serious cases of corruption and human rights abuse."

"Key individuals, including members of the government of Zimbabwe, bear responsibility for these actions, including the looting of government coffers that robs Zimbabweans of public resources," Blinken said in a statement.

"Multiple cases of abductions, physical abuse, and unlawful killing have left citizens living in fear."

Mnangagwa, whose party has been in power for more than four decades, was declared the winner of a new term in an election in August that international observers said fell short of democratic standards.

He is the second consecutive Zimbabwean leader to face U.S. sanctions following veteran president Robert Mugabe.

Hopes of a thaw briefly surfaced after Mnangagwa pushed Mugabe out of power in 2017, but Western powers and rights groups say that the new leadership has also clamped down on the opposition and protests.

President Joe Biden in a declaration on Monday ended an earlier sanctions program on Zimbabwe imposed in 2003 under George W. Bush, who had advocated for a broader global push of sanctions on the country under Mugabe.

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