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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POLAND SIGNS $735M DEAL WITH U. S. FOR THE SUPPLY OF MISSILES, DEFENSE MINISTER SAYS. (PHOTO).

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 Poland signs $735M deal with US for supply of missiles, defense minister says


Poland has signed a $735 million contract with the U.S. for the supply of JASSM-ER missiles, Defense Minister Wladyslaw Kosiniak-Kamysz said on Tuesday.


The country is spending heavily to bolster its armed forces since Russia's invasion of Ukraine.


Warsaw is spending around 4% of its gross domestic product on defense this year and last week announced an agreement with the U.S.


This is for the delivery of a $960 million airspace reconnaissance system to monitor the northeastern borders.


"Today we have signed a contract worth $735 million, another multi-million dollar contract, for the purchase of air-to-surface missiles," Kosiniak-Kamysz told a news conference on Tuesday.


The missiles have a range of around 621 miles, according to the defense ministry.

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