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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BRITAIN’S TECH TYCOON MIKE LYNCH AND DAUGHTER MISSING AFTER YACHT SINKING. (PHOTO).

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 BRITAIN’S TECH TYCOON MIKE LYNCH AND  DAUGHTER MISSING AFTER YACHT SINKING


British tech tycoon Mike Lynch and his 18 year old daughter are among seven people missing after a £14 million yacht sank off the coast of Sicily early this morning.


Mike Lynch, the British tech tycoon who sold his software startup to HP for £8.7 billion in 2011, is understood to have been on board the Bayesian yacht which sank this morning off the coast of Sicily.

He hit the headlines in recent years after HP accused him of duping them into overpaying when they bought his firm Autonomy.

In 2023, he was extradited to the US and was facing 25 years in prison if he was found guilty.

But he was acquitted just two months ago.

Mr Lynch had been awarded an OBE for services to enterprise in 2006, and later served on the government’s council for science and technology under David Cameron in 2011.


The body of one man, believed to be the boat’s chef, was found near the boat on the sea bed around half a mile offshore from the Italian island’s largest city, Palermo.

Charlotte Golunski, a British mum who managed to save her one-year-old daughter as the yacht sank, said the passengers were employees and collaborators of a software company.


The missing include four Brits, two Americans and a Canadian.

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