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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SOMALILAND WARNS SOMALIA AGAINST TURKISH NAVY DEAL. (PHOTO).

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 Somaliland warns Somalia against Turkish Navy deal


Somaliland warned Somalia against agreeing to a deployment of Turkish troops off the coast of the breakaway state, according to Bloomberg.


Somalia and Turkey earlier this year signed a defense agreement to improve stability in the region, and an economic pact that includes developing the Horn of African nation’s hydrocarbon resources.


The move followed Somaliland’s own deal with Ethiopia in January that promised the landlocked nation’s navy an Indian Ocean base for 50 years. In exchange, Ethiopia would recognize the sovereignty of the semi-autonomous Somalia region - the first nation to do so.


President Recep Tayyip Erdogan is seeking parliament’s approval to send the navy ahead of a seismic research ship that will set sail at the end of September to prospect for oil and gas in three offshore blocks, according to state-run Anadolu Agency.


The foreign ministry in the breakaway region said in a statement on X it “vehemently rejects any potential deployment of Turkish naval forces within Somaliland’s recognized maritime zones.” 


Mohamed Abdi Dugoow, a communications adviser to Somalia’s presidency, wasn’t readily available for comment.


Somalia, which has been at war for three decades has seen its institutions eroded and relies on troops from other African countries to support its fledgling government. As a result of the instability, terror groups have flourished inland and piracy in its territorial waters forced the European Union to set up a naval operation there to protect the key shipping artery.


Turkey has long sought to anchor Somalia diplomatic ties with commercial activity. Turkish Airlines has been flying into Mogadishu since 2012, even when international airlines avoided the capital for fear of terror attacks. Last year, the state-owned Ziraat Katilim become the first foreign bank to operate in the country in more than five decades.

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