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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OVER 10 MILLION COMPETE FOR COLDPLAY CONCERT TICKETS AMIDST ALLEGATIONS OF RIGGED SALES. (PHOTO).

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 Over 10 Million Compete for Coldplay Concert Tickets Amidst Allegations of Rigged Sales


The British rock band Coldplay is set to perform three shows in Mumbai as part of their Music of the Spheres world tour, but fans are facing significant challenges in securing tickets. After going on sale last Sunday, tickets priced between 2,500 and 12,000 rupees sold out within minutes, with over 10 million people vying for just 180,000 available tickets. Many fans reported hours-long digital queues and site crashes, leading to allegations that the ticket sales were rigged. Resellers quickly capitalized on the situation, offering tickets for inflated prices—some reaching as high as 900,000 rupees—before they were officially released.


The controversy surrounding ticket scalping has sparked a broader discussion in India about the practices of resellers who use bots to bypass queues and purchase multiple tickets for resale. While ticket scalping is illegal in India, experts suggest that it still occurs, with some legitimate ticket holders selling their tickets at a profit due to overwhelming demand. The official ticketing platform, BookMyShow (BMS), has denied any affiliation with resellers and advised fans to avoid unauthorized sources, but skepticism remains among concertgoers regarding the platform's measures to prevent such practices.


Graphic designer Dwayne Dias managed to secure four tickets for the Coldplay concert at 6,450 rupees each and has been approached by individuals willing to pay up to 60,000 rupees per ticket. He noted that if he chose to sell his tickets, he could finance a trip to see Coldplay perform in South Korea instead. This incident highlights not only the inflated prices of popular concert tickets but also the growing demand for live music events in India, which generated approximately 8,000 million rupees in revenue last year and is projected to increase significantly by 2025.

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