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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TAYLOR SWIFT IS OFFICIALLY A BILLIONAIRE. (PHOTO).

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Taylor Swiift, an American music artist, has joined Forbes’ World’s Billionaires List for the first time, with $1.1 billion (£877 million), followed by Sam Altman, the developer of the AI chatbot ChatGPT, with $1 billion (£800 million).


LVMH French luxury goods mogul Bernard Arnault and his family topped the list, with an estimated $233 billion (£185 billion).


According to Forbes, the record is 2,781 billionaires by 2024.The total is 141 more than last year and 26 more than the previous record, achieved in 2021. Forbes stated that the wealthiest were wealthier than ever, with a total of $14.2 trillion (£11.3 trillion).


Singer-songwriter Swift entered the rich list after achieving megastar status. She stole the show at this year’s Grammy Awards, becoming the first performer to win the prize for album of the year four times.


Her album 1989 (Taylor’s Version) was also the best-selling vinyl LP of last year.Swift’s success is not just confined to the world of music. Her mere presence at American football games to watch her boyfriend Travis Kelce has been credited with raising NFL viewing figures.


Also joining Forbes’s list is basketball legend Magic Johnson with wealth of $1.2bn (£950m) and TV producer Dick Wolf, behind the US Law and Order and Chicago PD series, also on $1.2bn.


Chase Peterson-Withorn, senior editor on wealth for Forbes, said it had been an “amazing” year for the world’s richest people


 

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