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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NAFDAC HOSTS NATIONAL WORKSHOP TO REVAMP EXPORT OF REGULATED PRODUCTS. (PHOTOS). #PRESS RELEASE.

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 NAFDAC Hosts National Workshop to Revamp Export of Regulated Products.


NAFDAC, under the leadership of Prof. Mojisola Adeyeye, convened a National Workshop aimed at revitalising the export of regulated products. The initiative seeks to foster inter-agency collaboration and public-private partnerships to enhance Nigeria's standing in international commerce. Addressing stakeholders, Prof. Adeyeye highlighted the urgency to address the stagnation in Nigeria's export trade and reverse the trend of rejected exports.


Acknowledging the collaborative efforts of government agencies and the private sector, Prof. Adeyeye emphasised the importance of regulatory compliance and global best practices in export trade facilitation. NAFDAC pledges support to compliant exporters through incentives such as technical assistance, subsidised laboratory tests, and expedited certification processes. Additionally, NAFDAC commits to advocating for MSMEs to access financial support opportunities from development partners to penetrate international markets.


Challenges including regulatory oversight gaps, product quality deficiencies, and corruption were identified as impediments to successful exports. Prof. Adeyeye outlined proactive measures to address these challenges, including automation of export licensing processes and collaboration with international partners to improve Nigeria's export reputation.


NAFDAC aims to lift the ban on dried beans exports to Europe by the end of 2024 and enhance product quality standards to meet global requirements.

More photos below. 









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