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

JETS SEIZURE: STATES SHOULDN'T ENTER INTERNATIONAL CONTRACTS ALONE-TUGGAR. (PHOTO).


 Jets Seizure: States Shouldn’t Enter International Contracts Alone – Tuggar     


The Minister of Foreign Affairs, Ambassador Yusuf Tuggar, says sub-national actors such as states should not enter foreign or international negotiations without the input of the ministry of foreign affairs or the Federal Government.


He was speaking on the efforts being made to resolve the dispute with a Chinese company which has led to the seizure of three jets of the Federal Government by a French court.


The court ruled that Zhongshan Fucheng Industrial Investment should use Nigeria’s jets at the Paris-Le Bourget and Basel-Mulhouse international airports as “security for its claim of EUR 74,459,221”.


“Yes, the Attorney General and I are working on it both diplomatically and then from legal perspective as well to ensure that this issue is resolved,” he said.


“This is part of the problem when sub-national actors like state governments take it upon themselves to go into agreements, go into international arrangements, without recourse to the ministry of foreign affairs, without recourse to the federal government, and then when it goes awry, we are left with the problem to deal with.


“That is why it is always important that such arrangements should be registered with the mission there, with the embassy, with the Ministry of Foreign Affairs, and with the federal government.


“This is something that Ogun state, under a different administration, not this governor, entered into that we’re not aware of. All we know is that they’re going after Nigerian assets.


“That’s why, really, foreign or international negotiations are not the purview of sub-national actors.


“You should always have those that are experienced in such an area that have the necessary skills and the necessary training to negotiate these sorts of agreements.”

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