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

KIDNAPPED TARABA UNIVERSITY STUDENTS: KIDNAPPERS REDUCE N50M RANSOM DEMAND TO N12M. (PHOTO).


 kidnapped Taraba varsity students: Kidnappers reduce N50m ransom demand to N12m


Authorities of the Federal University Wukari, in Wukari Local Government Area of Taraba State, has confirmed that the abductors of the two students of the institution are demanding the sum of N50 million as ransom.


The students who were last week abducted from a nearby restaurant, have been identified as Joshua Sardauna and Obianu Elizabeth.


Sardauna is of the Economics Department, while Elizabeth is a Microbiology student.


Head of the university’s Information and Protocol, Mrs Ashu Agbu, while confirming the kidnappers’ demands, said they had reduced their earlier demand of N50 million to the sum of N12 million.


She stated that the kidnappers’ intention was to abduct the owner of the eatery where one of the kidnapped students was working but snatched the students when they couldn’t get their target.


She said the kidnappers also notified of their intentions to come back for the owner of the eatery.


Ashu assured that the school authorities, in collaboration with security operatives, are still working around the clock to ensure that the students regain their freedom from the abductors unhurt.

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