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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FIRST £1 COINS TO FEATURE KIBG CHARLES ENTER CIRCULATION IN UK. (PHOTO).

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 First £1 coins to feature King Charles enter circulation in UK



The new one pound coins featuring King Charles III have been officially released in the UK. These coins highlight King Charles III's passion for conservation and the natural world, with a design showcasing a pair of British bees on the "tails" side. 


Rebecca Morgan, director of Commemorative Coins at The Royal Mint, announced on Tuesday that nearly three million of these coins will be in circulation this week,via post offices and banks throughout the UK gradually replacing the older coins featuring the effigy of the late Queen Elizabeth II as they become worn or damaged.


In addition to the one pound coin, there are seven other new designs representing different denominations, all inspired by flora and fauna to reflect the king's dedication to the environment. The release of these coins aims to spark important conversations about the conservation of these species, and the designs are expected to rotate based on demand.


A public poll by the Royal Mint revealed that the one pound bee coin was a favorite, closely followed by the 2p red squirrel. The coins also feature a repeating pattern of three interlocking Cs, which pays tribute to Charles II through his cypher. Furthermore, the number indicating the value of the coins has been enlarged to assist children with their counting skills.


This historic release follows the circulation of banknotes with the king's portrait, introduced in June. This milestone marks the first time that the sovereign's portrait has been changed on the Bank of England's banknotes.

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