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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CAF INTRODUCES $50, 000 GRANTS FOR CLUBS IN PRELIMINARY ROUNDS OF CONTINENTAL COMPETITIONS. (PHOTO).

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 CAF Introduces $50,000 Grants for Clubs in Preliminary Rounds of Continental Competitions


The Confederation of African Football (CAF) has announced a financial boost for clubs participating in the preliminary stages of its interclub competitions. 


For the first time, each club competing in the early rounds of the CAF Champions League and the CAF Confederation Cup will receive a $50,000 grant.


The initiative is part of CAF President Dr. Patrice Motsepe's commitment to enhancing club competitions and providing increased financial support. 


Traditionally, only clubs reaching the group stages received financial rewards, but this new policy marks a significant shift.


Victoria United and Fovu de Baham will each receive $50,000 ($29.8 million FCFA) from CAF to prepare for their African Cup clash. 

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