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

CAS REJECTS IBA'S APPEAL TO ORGANISE OLYMPIC BOXING. (PHOTO).


 CAS Rejects IBA’s Appeal To Organise Olympic Boxing


The Court of Arbitration for Sport on Tuesday threw out an appeal from the International Boxing Association (IBA) after it was stripped of its rights to organise boxing events at the Paris Olympics.


The International Olympic Committee withdrew its recognition of boxing’s governing body, the IBA, last year due to longstanding concerns over governance issues.


In its ruling explaining the decision to dismiss the IBA appeal, the CAS panel said the organisation “had not increased its financial transparency and sustainability”.


CAS, which is sport’s highest court, also said “the IBA had not changed its process relating to referees and judges to ensure its integrity”, nor had it fully implemented other proposed reforms.


Instead, the IOC has put in place the Paris Boxing Unit to ensure qualification and hosting of the sport at the 2024 Paris Games.


Boxing has been part of every Olympics since 1920, but it only went ahead in the Covid-delayed Tokyo Olympics after the IOC stepped in to ensure the qualification criteria.


The IBA was suspended by the IOC in 2019 for multiple corruption scandals.


Its fall from grace coincides with the emergence of a new umbrella federation, World Boxing, which already counts the United States, which hosts the 2028 Games in Los Angeles, and Switzerland, as members.


At last year’s IOC session in Mumbai, it was announced that any decision regarding boxing’s presence on the 2028 Olympic programme was being “put on hold”.

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