LAGOS COURT JAILS NOGASA CHAIR, FATUYI PHILLIPS 21 YEARS FOR N43. 5M FRAUD. (PHOTO). #PRESS RELEASE

Image
 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

ECOWAS CHAIRMAN TO AFRICAN LEADERS: WE MUST EMBRACE MULTILATERALISM AND INNOVATE TO SECURE SUSTAINABLE PEACE AND DEVELOPMENT . (PHOTO). #PRESS RELEASE.


 STATE HOUSE PRESS RELEASE


ECOWAS CHAIRMAN TO AFRICAN LEADERS: WE MUST EMBRACE MULTILATERALISM AND INNOVATE TO SECURE SUSTAINABLE PEACE AND DEVELOPMENT 


President Bola Tinubu has called on global leaders to embrace multilateralism and reject protectionism as essential steps towards achieving lasting peace, security, and stability. 


President Tinubu addressed a high-level meeting on peace and security at the 2024 Forum on China-Africa Cooperation (FOCAC), on Thursday in Beijing, China, in his capacity as Chairman of ECOWAS Authority of Heads of State and Government. 


The President noted that the challenges facing today’s world—ranging from food insecurity to armed conflict—can only be addressed through partnerships founded on mutual respect, fairness, and inclusiveness.


''I thank the African Union for being very consistent in their advocacy for global peace and working towards the realization of its vision for a peaceful and secure Africa as articulated in Agenda 2063. 


''The AU’s Silencing the Guns Initiative has been pivotal in restoring peace across the continent and re-enforcing the call for global peace. 


''Your Excellencies, as the world searches for new ways of establishing an enduring peace amidst complicated and dynamic security challenges across regions, I say that there is an urgent need to rethink the approach to global governance and economic development. 


''Embracing multilateralism and rejecting protectionism and strengthening cooperative partnership is essential if we must achieve lasting peace, security, stability, and prosperity for future generations.


''We have very little time left and I send sincere appreciation to the People's Republic of China for its unwavering commitment to building a shared future for the advancement of humanity,'' the President said. 


President Tinubu reiterated Nigeria’s commitment to promoting peace, good governance, and security across West Africa while commending China’s contributions to Africa’s development through initiatives like the Belt and Road and FOCAC. 


He also highlighted the importance of confronting the root causes of conflicts, such as poverty, inequality, and social injustice, emphasizing that true peace is not just the absence of war, but the presence of justice, equity, economic opportunity, and human security. 


''Nigeria has played a pivotal role in ECOWAS evolution. Throughout the bloc's transition from an economic bloc to an integrated regional security architecture for West Africa, Nigeria has been there at the forefront. 


''Nigeria’s leadership has been critical in developing mechanisms for conflict resolution and management.


''ECOWAS remains deeply committed to upholding good governance, combating terrorism, providing humanitarian aid, and engaging in intensive peacekeeping, diplomacy, and mediation. 


''Nigeria’s approach to fostering peace and stability in West Africa is comprehensive, combining military intervention, diplomatic engagement, dialogue, negotiations, and mutually-beneficial economic collaboration. 


''Nigeria’s unwavering commitment to peacebuilding has solidified its position as a cornerstone of regional stability. We will continue to strengthen our efforts in support of a more secure and prosperous West Africa. I assure you," the President stated. 


Chief Ajuri Ngelale


Special Adviser to the President


(Media & Publicity)


September 5, 2024

Comments

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

SSANU, NASU THREATEN STRIKE OVER WITHHELD SALARIES. (PHOTO).