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

MASS PROTEST LOOMS IF FOOD PRICES KEEP RISING - LAWAN.(PHOTO).


 Mass protest looms if food prices keep rising - Lawan


Another lawmaker stated that the cost of basic food items has increased by more than 300 percent due to the removal of the petrol subsidy.


Ahmad Lawan, a former Senate President, warns that widespread protests will occur if the legislative, executive, and judicial branches do not collaborate to lower food prices and electricity tariffs.


Lawan made this statement during a debate on a motion introduced by Sunday Karimi, a senator from Kogi West. Karimi’s motion addressed the issue of ‘food insecurity.’


Lawan emphasised that Nigerians should not be underestimated amid the increasing economic challenges.


According to TheCable, he said, “If we don’t take urgent actions on increased food prices and electricity tariffs, we will not like the actions we will see on the streets. We cannot take the people for granted for too long.”


Meanwhile, the Kogi West senator stated that the cost of basic food items has increased by more than 300 percent due to the removal of the petrol subsidy.


“Insecurity in food-producing regions, bad roads, increase in the cost of transportation attributable to the removal of fuel subsidy and depreciation of the value of the naira, are possible factors that have contributed to the increase in prices of food items, household commodities.


“The greater percentage of the increase in prices of food items and consumables is not only due to these factors but to the zest of the merchants, traders, and retailers to make supernormal profits,” Senator Karimi said.


The Senate urged the appropriate government ministries and agencies to address the issue. Senate President Godswill Akpabio conducted a voice vote, which approved the motion.

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