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

RAMAPHOSA SWORN IN FOR THE SECOND TIME AS PRESIDENT OF SOUTH AFRICA. (PHOTOS).


 Ramaphosa Sworn In For Second Full Term As South Africa’s President


South Africa’s Cyril Ramaphosa was sworn in for a second full term as president in Pretoria on Wednesday, after his weakened African National Congress (ANC) struck a government coalition deal.


Chief Justice Raymond Zondo led Ramaphosa’s oath of office ceremony before lawmakers, foreign dignitaries, religious and traditional leaders and cheering supporters at the Union Buildings, the seat of government.


“In the presence of everyone assembled here, and in full realisation of the high calling I assume as President… I Matamela Cyril Ramaphosa swear that I will be faithful to the Republic of South Africa,” Ramaphosa said.


Lawmakers voted overwhelmingly to re-elect the 71-year-old last week, after a May 29 general election that produced no outright winner.


Numerous heads of state, including Nigerian President Bola Ahmed Tinubu, Angola’s Joao Lourenco, Congo Brazzaville’s Denis Sassou Nguesso and Eswatini’s absolute leader King Mswati III attended the inauguration.


Guests in suits, fancy dresses and coats to keep warm in the chilly winter weather started to arrive early in the morning amid a heavy police presence.


VIPs, some singing anti-apartheid struggle songs, were allowed into a small amphitheatre within the imposing, sandstone government building.


Other attendees, some holding South African flags, sat on a lawn outside as dancers and musicians performed on a big stage.


After Ramaphosa took the oath, a band played the national anthem, followed by a 21-gun salute and a fly past by army helicopters towing large South African flags.


It was the third time Ramaphosa took the oath.


The former trade unionist turned millionaire businessman first came to power in 2018, after his predecessor and rival Jacob Zuma was forced out before the end of his term under the cloud of corruption allegations.


Ramaphosa was then re-appointed for a full five-year term in 2019. In South Africa, voters elect the parliament which then votes for the president.


Ramaphosa promised a new dawn for South Africa, launched an anti-graft drive and started to reform a collapsing energy system.


But under his watch, the economy languished, blighted by power cuts, crime remained rife and unemployment increased to 32.9 percent.


In May, he led the ANC into yet another vote, but the historied party of the late Nelson Mandela came out bruised.


It won only 40 percent — down from 57.5 percent five years earlier.


For the first time since the advent of democracy in 1994, it lost its absolute majority in parliament and was left scrambling to find coalition partners to remain in power.


It has since agreed to form what it calls a national unity government with several other parties.


They include the centre-right Democratic Alliance (DA), the Zulu nationalist Inkatha Freedom Party, the anti-immigration Patriotic Alliance and the small centre-left GOOD party.


The deal allowed Ramaphosa to comfortably see off a last-minute challenge by firebrand leftist politician Julius Malema, with 283 lawmakers in the 400-seat National Assembly voting to put him back in office.


But it has faced a vociferous opposition from the left, with Malema’s Economic Freedom Fighters and former president Zuma’s uMkhonto weSizwe (MK) refusing to take part and denouncing the inclusion of right-wing parties and the white-led, free-market DA.


MK came third in the election but has contested the results.


Party spokesman Nhlamulo Ndhlela said in a statement that its lawmakers would snub the “farcical inauguration of Cyril Ramaphosa as the puppet DA-sponsored President”, also using a racial slur to describe the ANC leader.


Ramaphosa is expected to announce his cabinet within days of his inauguration, as talks with coalition members continue. 

More photos below. 



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