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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PRESIDENT JONATHAN SAID NIGERIA ECONOMY IS ONE OF THE WORLD'S LARGEST,TRUE OR FALSE?.

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                           Today tuesday,President Goodluck Jonathan made this statement in Port Harcourt at the inauguration of Enugu Port Harcourt Enugu intercity train service that ''We have mangeged the economy in Africa and one of the largest in the world.We have changed the course of history with the railway system in the last 30 years from the neglected sector to a rehabilitated and revitalised one by rehabilitating the existing narrow gauge railway lines,the operations and maintenance.We have introduced programmes that have impacted positively on the lives of the people and national agenda''.Adeseyi Sijuwade,Managing Director of Nigerian Railway Corporation {NRC},noted that the rehabilitation of Enugu Port Harcourt Railway had many challenges.30 metres of the rail line was washed out by Aba gully erosion.He further explained that five metres wide reinforced concrete culvert of more than 366 metres long resolved the problem.The Aba mountain of refuse which is about five metres high was part of the challenges while a section of the track was buried.One more photo below.                                                                                                                                

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