LAGOS COURT JAILS NOGASA CHAIR, FATUYI PHILLIPS 21 YEARS FOR N43. 5M FRAUD. (PHOTO). #PRESS RELEASE
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
The Ashalim tower is estimated to cost 570 million dollars,it will rise to 240 metres twice the size of the current tower in California,which is at 137 metres.The tower will hold over 55,000 projecting mirrors it will be surrounded by a field of mirrors covering over 300 hectares which is like more the size of 400 football pitches.The tower is expected to provide 121 megawatts or two percent of Israel's electricity needs enough to supply 120,000 homes with clean energy.Israel is hoping by 2020,10 percent of its total electricity consumption will be generated by solar.Erab Gartner ,who heads the Megalim consortium managing the project said ''The government agreed to move ahead with this technology even though we do not hide the fact that it is more expensive than traditional electricity production,precisely to achieve lower costs over time''.More photos below. 
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