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

EGYPT, ETHIOPIA TAKE DAM DISPUTE TO UN AGAIN. (PHOTO).


 Egypt, Ethiopia take dam dispute to UN again


Egypt and Ethiopia have again raised their long-standing dispute over a dam over the Nile River at the UN, with the two sides making competing claims.


Following Egypt’s letter to the UN Security Council, its neighbour Ethiopia sent a response dismissing Cairo’s concerns as “unfounded allegations,” local media reported Monday.


Claiming that Egypt is “stalling progress, reverting to hardline and unreasonable positions,” Ethiopia also accused Cairo of being interested only in “perpetuating its self-claimed monopoly over the Nile River.”


Egypt earlier lodged a complaint with the UN expressing its "categorical rejection" of Ethiopia's unilateral actions in filling the Grand Ethiopian Renaissance Dam (GERD), according to Anadolu Agency.


The two sides had earlier sent similar letters to the UN few years back.


Egyptian Foreign Minister Badr Abdelatty warned that the dam poses a significant threat to regional stability and violates prior agreements.


"Ethiopia's illegal policies will have serious negative impacts on the downstream countries," Abdelatty said.


A dispute between Ethiopia and downstream nations Egypt and Sudan over the construction of the dam has dragged on for 12 years.


The three countries last month failed to reach a resolution in a fourth round of negotiations.


The last four rounds of negotiations took place following a hiatus of more than two years after talks between the three countries broke down in 2021.


This followed the failure of an African Union initiative to reconcile their view points.

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