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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INDIAN PRIME MINISTER MODI RESIGNS.(PHOTO).

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 Indian Prime Minister Modi resigns


Indian Prime Minister Narendra Modi on Wednesday, June 5, met President Droupadi Murmu and tendered his resignation along with the Council of Ministers. This would lead to the dissolution of the 17th Lok Sabha, which was in session from 2019 to 2024. The President has accepted the resignation and has asked Narendra Modi and the Council of Ministers to continue till the new Government assumes office.


The term of the current 17th Lok Sabha ends on June 16. The ruling National Democratic Alliance (NDA) won a majority in the Lok Sabha elections on Tuesday, June 4. The Congress, part of the opposition INDIA alliance, won 99 seats in the elections as against 52 in 2019, eating into the BJP's share in Rajasthan and Haryana.


The Bharatiya Janata Party won a total of 240 seats in the Lok Sabha elections 2024, falling short of absolute majority. However, together with the National Democratic Alliance (NDA), the saffron camp has easily crossed the halfway mark which is 272, and is required to form the government. Later today, both the camps, NDA and INDIA bloc, are scheduled to hold key meetings with their alliance partners to discuss election results and decide strategy further for government formation.

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