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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MALAWI OPPOSITION ENDORSES EX-LEADER MUTHARIKA TO RUN IN 2025.(PHOTO).

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 Malawi opposition endorses ex-leader Mutharika to run in 2025


Malawi's main opposition party, the Democratic Progress Party endorsed on Sunday former President Peter Mutharika to be its candidate in next year's presidential election, Reuters reported.


Mutharika, 84, who was president from 2014 to 2020, said in his acceptance speech he and his party would fix the economy, whose growth has been anaemic and plagued by foreign currency shortages that led to lack of fuel and medicines.


He will face President Lazarus Chakwera of the Malawi Congress Party, who will be seeking a second term at the election scheduled for September 16, 2025.


"We come from a background of winning from the opposition. We will do the same next year. We are coming to fix the economy," Mutharika told his party's national convention in Blantyre.


Mutharika, a former law professor, oversaw infrastructure improvements and a slowdown in inflation during his tenure, but critics accused him of corruption and cronyism, which he denies.


Chakwera, 69, came to power pledging to crack down on corruption and to accelerate economic growth, but his opponents say he has not delivered as the southern African nation's economy remains fragile.


Mutharika said he would form an opposition alliance including the United Transformation Movement, the party founded by the late Vice President Saulos Chilima who died in a plane crash in June.


The UTM party helped Chakwera defeat Mutharika in 2020, but after the vice president's death it announced its intention to pull out of the ruling alliance.


UTM has not yet confirmed an alliance with Mutharika's party, which would dramatically reshape the race. A UTM spokesperson did not reply to a request for comment.

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