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

SICILY YACHT SINKING: MORGAN STANLEY INTERNATIONAL CHAIR JONATHAN BLOOMER AMONG MISSING. (PHOTO).

 


Sicily yacht sinking: Morgan Stanley International chair Jonathan Bloomer among missing


Morgan Stanley International chairman Jonathan Bloomer is among those missing after a yacht carrying UK tech entrepreneur Mike Lynch sank off the coast of Sicily during a violent storm, an Italian official has said.

Salvatore Cocina, head of the civil protection agency in Sicily, said Bloomer and Chris Morvillo, a lawyer at Clifford Chance, were among the six people missing. Lynch and his 18-year-old daughter, Hannah, were also unaccounted for as of late Monday.


The update came as it was reported that Lynch’s co-defendant in a US trial related to the sale of his software company to Hewlett-Packard had died after being hit by a car in England.

The British-flagged Bayesian, a 56-metre sailboat, was carrying 22 people and anchored just off shore near the port of Porticello when it was hit by a tornado in the early hours of Monday morning, the Italian coastguard said in an earlier statement.


One man, understood to be the vessel’s chef, was confirmed dead. The coastguard said the missing had British, American and Canadian nationalities.

Fifteen people were rescued, including Lynch’s wife, Angela Bacares, who owned the boat, and a one-year-old girl who was saved by her mother.

A spokesperson for Lynch, the co-founder of Autonomy, a software firm that became one of the shining lights of the UK tech scene, declined to comment. Survivors said the trip had been organised by Lynch for his work colleagues.

Once described as Britain’s Bill Gates, Lynch spent much of the last decade in court defending his name against allegations of fraud related to the sale of his software firm, Autonomy, to the US tech company Hewlett-Packard for $11bn.


The 59-year-old was acquitted by a jury in San Francisco in June, after he had spent more than a year living in effect under house arrest.

Hours after news of the sinking broke it emerged that his co-defendant at that trial, Stephen Chamberlain, had died after being hit by a car while out running in Cambridgeshire.

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