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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WHY I REGRET NOT DOING "YAHOO YAHOO"- ACTOR AREMU AFOLAYAN. (PHOTO).

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 Why I regret not doing "Yahoo Yahoo" – Actor Aremu Afolayan


Renowned Nollywood actor Aremu Afolayan has stirred controversy with a recent Instagram post expressing his regret for not engaging in internet fraud, popularly known as ‘Yahoo Yahoo’ in Nigeria.

In a statement shared on the social media platform, Afolayan voiced his disappointment with legitimate business ventures in Nigeria, suggesting they now seem futile in the current economic climate.

“All of the days wey dem dey talk about yahoo yahoo, na today I regret pass say I no do am. Legitimate hustling never felt super useless #aremuafolayan.”

Afolayan’s statements come in the wake of an outrageous increase in fuel prices by the Nigerian National Petroleum Company Limited (NNPCL), which saw the price per litre surge from N617 to N897.

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