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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BIDEN SEES CEASEFIRE AS KEY TO PREVENTING IRAN'S RETALIATION AGAINST ISRAEL. (PHOTO).

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 Biden Sees Ceasefire as Key to Preventing Iran’s Retaliation Against Israel


 U.S. President Joe Biden has expressed hope that a ceasefire in Gaza could prevent Iran from launching retaliatory airstrikes against Israel following the assassination of a senior Hamas official in Tehran in late July.


The Israel Defense Forces (IDF) have announced they are on "maximum alert," with the country bracing for a potential attack at any moment.


 When asked whether he believed Iran would abandon its plans if a ceasefire and a hostage agreement were reached between Israel and Hamas, Biden responded, "That’s what I expect."


 Reuters earlier reported that three senior Iranian officials had indicated - a ceasefire was the only way to convince Iran to hold off on retaliating, highlighting the fragile state of the current situation in the Middle East, where fears are growing that failed negotiations could ignite a broader regional conflict.


The United States, Egypt, and Qatar are working to mediate a deal between Israel and Hamas to end the conflict in Gaza, with talks scheduled in the coming days.

 

Israel has equally committed in sending a delegation to the negotiations in either Doha or Cairo, but Hamas has suggested it might pull out of the meeting.


Hamas is pushing for Israel to agree to a proposal first introduced in early July, which called for a phased ceasefire, a hostage exchange, and the withdrawal of Israeli troops from Gaza.


However, Israeli Prime Minister Benjamin Netanyahu previously rejected these terms, stating that the destruction of Hamas was a necessary precursor to any lasting peace in Gaza.


 Hamas has said that further negotiations would only delay a ceasefire and allow Israel to continue its military operations in the war-torn Gaza Strip.

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