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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NICK CANNON INSURED HIS TESTICLES. (VIDEO/PHOTO).

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Nick Cannon insured his testicles.



The father of 12 explained that he insured his reproductive parts for $10 million because he considers them to be his “most valuable assets.”


“You hear about like all these different celebrities insuring their legs … so I was like, ‘Hey, well, I got to insure my most valuable body part,’” he told Entertainment Tonight in an interview published Monday, July 1.


Nick confirmed to ET that the policy is 100 percent real and clarified that the safety net does not signify plans to expand his already large family.


“[I’m] just making sure nothing goes wrong,” he said of his decision to insure his testicles.


Cannon’s announcement, however, suggested that he may look to have more children down the road.


“Haters say it’s time for me to stop having kids and put this super sperm to rest, but I’m doubling down on these valuable balls and my future kids,” he said in a statement.


Nick isn’t the only celebrity who has insured a body part.


Rihanna reportedly had her legs insured for $1 million, while Nick Cannon’s ex-wife, Mariah Carey, took out two $35 million policies: one for her voice and one for her legs.

Watch video below. 


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