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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PORT HARCOURT REFINERY,TO START PRODUCING PETROL IN JULY.

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Dr. Joseph Dawha, Managing Director, NNPC                    Today thursday,the Group Managing Director {GMD},Nigerian National Petroleum Corporation {NNPC},Dr Joseph Dawha said the Port Harcourt Refinery might resume operation by July.Dawha said this while addressing newsmen after a tour of some filling stations in Abuja with some top management staff of the corporation.''When the refinery comes up stream in late June or early July we expect that it will rumn at least 80 percent installed capacity.It will give us a contribution of about five million litres of Premium Motor Spirit {PMS} on a daily basis.If the refineries were not in depth or in good state to process crude for maximum gain there was no need of sending crude to such refineries for processing.What we do is to fix them so that we can get the real value for products.We are satisfied with the level of work carried out so far at the Port Harcourt Refinery so that if we start processing crude now we will get value for the refined products.So there will not be distraction as it will be,if refineries were operating properly''.

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