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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CHINA-AFRICA SUMMIT MARKS A NEW CHAPTER IN COOPERATION AND OPPORTUNITY FOR ENHANCED PARTNERSHIP. (PHOTO).

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China-Africa Summit Marks a New Chapter in Cooperation and Opportunity for Enhanced Partnership



In anticipation of the upcoming China-Africa summit in Beijing, Chinese Vice Foreign Minister Chen Xiaodong has emphasized that the current global landscape presents a prime opportunity to strengthen China-Africa relations. 


He noted the importance of the summit in amplifying the voice of the Global South, particularly in shaping global governance reforms. As African nations increasingly pursue unity and regional integration, the timing for deepening cooperation with China couldn’t be better.


President Xi Jinping is set to participate in the summit, where he will unveil new aid packages for Africa.


 The event will gather representatives from 53 African countries, with China’s role as Africa’s largest trading partner and a central figure in the Belt and Road Initiative.

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