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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SEAN COMBS SELLS STAKE IN REVOLT, THE MEDIA COMPANY HE FOUNDED. (PHOTO).

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 Sean Combs Sells Stake in Revolt, the Media Company He Founded




After a wave of lawsuits accusing Mr. Combs of sexual assault, the two are “completely separated and dissociated from each other,” the company’s chief executive said.


Revolt CEO Detavio Samuels told The New York Times before Revolt announced its new leadership on Tuesday that Diddy and the company were now “completely separated and dissociated from each other,” adding Diddy is no longer on the board and has no shares or equity in Revolt.


Diddy stepped down as Revolt’s chairman last November after his ex-girlfriend Cassie Ventura and two other women accused him of sexual assault and abuse, and at that time the company said he had previously had “no operational or day-to-day role in the business.”

Revolt announced in a press release that the projected largest shareholder group in its new ownership structure is current employees in an effort to “ensure that the employees who are driving the company’s growth also have the opportunity to benefit from its success.”


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