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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SPEAKER OF SOUTH AFRICA PARLIAMENT RESIGNS OVER CORRUPTION PROBE.(PHOTO).

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 Speaker of South Africa parliament resigns over corruption probe


Nosiviwe Mapisa-Nqakula, speaker of the South African parliament, has resigned from her position amid a corruption probe against her.


Mapisa-Nqakula tendered her resignation on Wednesday and also stepped down as a member of the parliament.


“My resignation is in no way an indication or admission of guilt regarding the allegations being levelled against me,” she said in a statement.


Mapisa-Nqakula is alleged to have requested bribes in exchange for the awarding of contracts during her tenure as defence minister.


She was defence minister between 2012 and 2021.


Last month, security operatives raided her home as part of the corruption investigation.


On Tuesday, she failed in a bid to prevent authorities from apprehending her.


Mapisa-Nqakula’s resignation comes weeks before next month’s election in the country.


Political analysts say the election may be difficult for the governing African National Congress (ANC) which has been in power since 1994.


The party has faced corruption allegations, including misappropriation of public funds.

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