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

FEDERAL GOVERNMENT ISSUED AN APOLOGY TO NIGERIANS TODAY,OVER THE POWER FAILURE IN THE COUNTRY.

          Today friday the Federal Government issued an apology to Nigerians on the the prevailing power situation in the country which it attributed to gas failure,sabotage and vandalization of power infrastructure.Information and Culture Minister Lai Mohammed in a statement in Abuja said all efforts were being made to rectify the situation and ensure a gradual improvement in the power situation.He said ''There will be a decent improvement in the power situation from this weekend,thanks to ongoing remedial efforts that will double the current power supply to 4,000WM.Getting back to the 5,074MW all time high that was reached earlier will take a few more weeks.The vandalization of the Forcados export pipelines forced oil companies to shut down,making it iimpossible for them to produce gas.Then,workers at the ikeja Discos,who were protesting the disengagement of some of their colleagues after they failed the company's competency test,apparently colluded with the National Transmission Station in Osogbo to shut down transmission.The unfortunate strike by the unions at the NNPC,over the restructuring of the Corporation,shut down the Itarogun.One more photo below.                                                                                                                  

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