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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UN SECURITY COUNCIL 'NO LONGER FIT': SA PRESIDENT. (PHOTO).

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 UN Security Council 'no longer fit': SA president


South African President Cyril Ramaphosa called for UN reform on Sunday, stating before the General Assembly that the Security Council is "clearly no longer fit" to address contemporary challenges, Anadolu Agency reported.


"Placing the fate of the world’s security in the hands of a select few when it is the vast majority who bear the brunt of these threats is unjust, unfair and unsustainable," Ramaphosa said at the UN’s Summit of the Future in New York.


Highlighting ongoing wars, conflicts, and climate change, he stressed that the Security Council’s structure “does not represent all countries” and fails to consider diverse viewpoints.


Ramaphosa described the Pact for the Future, adopted by the General Assembly, as a chance to "reinvigorate the multilateral system" and fulfill promises to reform global governance, including the Security Council and international financial institutions. He also urged support for Africa’s developmental agenda, known as Agenda 2063.


He emphasised that the pact "must involve strengthening multilateral action for sustained peace."


"We must pursue the attainment of just and sustainable peace based on international law," said Ramaphosa, whose government took Israel to the International Court of Justice (ICJ) for genocide over Tel Aviv’s indiscriminate offensive on the besieged Palestinian enclave of Gaza since October 7 last year.

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