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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US HANDS $500M MILITARY AID BOOST TO PHILIPPINES AMID CHINA TENSIONS. (PHOTO).

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 US hands $500m military aid boost to Philippines amid China tensions

US taking ‘bold steps’ to strengthen alliance says defence chief as Washington bids for increased regional influence.  The United States has announced that it will provide $500m in military funding to the Philippines, as the pair eyes ongoing tensions with China..


The announcement came on Tuesday, as US Secretary of State Antony Blinken and Defense Secretary Lloyd Austin visited Manila. The two officials launched an Asia Pacific tour over the weekend, aimed at boosting Washington’s influence in the region in a bid to challenge the “strategic challenge” Beijing poses..


 “We’re now allocating an additional $500m in foreign military financing to the Philippines to boost security collaboration with our oldest treaty ally in this region,” Blinken told a news conference alongside Manila’s Foreign Affairs Secretary Enrique Manalo and Defence Secretary Gilbert Teodoro..


Blinken described the aid as a “once in a generation investment” to help modernise the Philippine armed forces and coastguard..


Austin said the funds demonstrate the commitment of the US to take “bold steps to strengthen our alliance”..


“We are here to build on an extraordinary foundation. We are working to advance our shared vision of a free and open Indo-Pacific,” he declared. “This level of funding is unprecedented..

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