LAGOS COURT JAILS NOGASA CHAIR, FATUYI PHILLIPS 21 YEARS FOR N43. 5M FRAUD. (PHOTO). #PRESS RELEASE

Image
 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 ANNOUNCES NEW GOVERNMENT. (PHOTO).


 Ramaphosa announces new government


South Africa’s president late on Sunday announced the formation of a new cabinet over a month after elections.


Among the 32 ministerial posts, 20 where allotted to the ANC, Another six will be filled by the Democratic Alliance (DA) party, with the remainder split among a crowd of smaller coalition parties.


Ramasopha was forced into the unprecedented power-sharing arrangement with DA and others after his party, a dominant force in South African politics since the end of the apartheid era, lost its parliamentary majority for the first time since 1994 in elections on May 29.


In the new cabinet, ANC gets too keep key ministries like defence, finance and foreign affairs.


While DA portfolios include home affairs and public works, with the party leader John Steenhuisen incharge of  agriculture ministry.


One deputy ministerial post was given to the  Muslim Al Jama-ah party, due to their continuous support of Palestinians over Israel, despite opposition from the DA.


Former Justice Minister Ronald Lamola was appointed as foreign minister.


Lamola was the lawyer who lead South Africa opening arguments for the genocide case brought against Israel at the International Court of Justice.


He takes over from Naledi Pandor, whom was not re-elected to parliament.


Whether the current loose coalition of former enemies can improve on the ANC’s record may depend on the extent to which they can put aside their ideological differences.


The DA wants to scrap some of the ANC’s black empowerment programmes, saying that they have mostly made a politically connected business elite fabulously wealthy, and scrap the minimum wage.


It  also opposes the ANC’s desire to expropriate land – most of which is in white hands as a legacy of conquest by colonists and subsequent entrenched white minority rule – without compensation and give it to black farmers.

Comments

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

SSANU, NASU THREATEN STRIKE OVER WITHHELD SALARIES. (PHOTO).