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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GOOGLE IS SET TO BUY A 12% STAKE,IN A KENYA POWER PROJECT.

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                        According to sources,International IT company ''Google'',is set to buy a 12 percent stake in the Lake Turkana Wind Power Project in Kenya,a project which is expected to generate 15% of the nation's energy.Google Energy Lead for Africa,Joe Mucheru said that Africa was a great place to invest and energy is a key demanded for the market.According to Mucheru,Africa is a fast growing economy that needs more renewable resources.Mucheru says the cost of thermal energy,diesel generation is too high especially with the growing economy and he believes it is a good investment for Google because it allows them to be involved in a trans-formative project that will provide roads and lines for Kenya and that it is in line with its existing energy investments into other markets.This is going to be the largest wind investment within Africa and it is hoped it will attract more  investment into the energy sector.Mucheru says it has invested in 22 projects,two of which are in Africa ie,in South Africa,the Jasper 96 MW solar project,which is also one of the largest projects in Africa.One more photo below.                                                                                                       

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