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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EU COMMISSION'S €1.49 BILLION FINE ON GOOGLE REJECTED BY COURT OVER FLAWED ANALYSIS. (PHOTO).

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EU Commission's €1.49 Billion Fine on Google Rejected by Court Over Flawed Analysis


An EU court has annulled a €1.49 billion fine imposed on Google by the European Commission over alleged abuse of its dominant position in online advertising. The General Court in Luxembourg ruled that the European Commission made errors in its assessment, particularly in failing to consider the full context of the contract clauses it found problematic. This ruling marks a significant win for Google as the tech giant has faced numerous antitrust cases in the EU over the past several years.


The fine, originally imposed in 2019, was part of a broader crackdown on big tech companies in Europe. It specifically targeted Google's AdSense service, which the EU had accused of limiting competition by restricting third-party websites from displaying ads from Google's competitors. Google, however, argued that it had already made changes to its ad services prior to the Commission's decision, and the court's ruling appears to validate these claims.


 While this ruling provides temporary relief for Google, the company's legal battles in Europe are far from over. Google is also challenging a record €4.3 billion penalty over its Android operating system, which was imposed by the EU for antitrust violations in 2018. This ongoing scrutiny underscores the broader efforts by EU regulators to curb what they see as monopolistic practices by tech giants.

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