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

GABON, EQUATORIAL GUINEA MEET AT ICJ OVER DISPUTED ISLANDS.(PHOTO).


 Gabon, Equatorial Guinea meet at ICJ over disputed islands


Gabon and Equatorial Guinea faced off on Monday at the International Court of Justice, hoping to resolve a decades-old scrap over the sovereignty of three disputed islands in potentially oil-rich waters, AFP reported.


The two West African nations have been squabbling over the 30-hectare (74-acre) island of Mbanie and two smaller low-lying islets, Cocotier and Conga, since the early 1970s.


Unlike most contentious cases that come to the ICJ in The Hague, the two countries eventually agreed to send the thorny issue to the judges to find an amicable solution.


The dispute dates all the way back to 1900, when then colonial powers France and Spain signed a treaty in Paris setting out the borders between the two countries.


Legitimacy claims


Gabon argues that a later treaty signed in 1974—the Bata Convention—gives it sovereignty over the islands.


But Domingo Mba Esono, Vice Minister of Mines and Hydrocarbons of Equatorial Guinea, disputed the validity of this document.


He told the court Gabonese officials suddenly produced this treaty at a meeting between the two countries in 2003, taking Equatorial Guinea "completely by surprise."


"None of them had seen or heard of this supposed convention. Moreover, the document presented was not an original but was only an unauthenticated photocopy," said Esono.


Counter-arguments


The delegation from Equatorial Guinea questioned the legitimacy of the document and insisted Gabon present an original version, he said.


"Since then, which has been more than 20 years, Gabon has not presented anything," said Esono.


Esono said that Gabon invaded the islands in 1972 and "has occupied them illegally ever since."


The two countries have asked the court to decide which legal texts are valid, not specifically to define which nation has sovereignty.

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