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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OGUN STATE SIGNS AGREEMENT FOR AFRICA'S SECOND LARGEST REFINRY YESTERDAY WITH 4 COMPANIES.{PHOTOS}.

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                         The Ogun State Government,on wednesday,signed an agreement with a consortium of four private companies to build the second largest refinery in sub-Saharan Africa and the largest petroleum product depot in Nigeria.The Chairman,Petrolex Group,Mr Segun Adebutu who led other partners in the consortium to the office of the Ogun State Governor for the agreement signing ceremony,said the two projects,when completed would generate not less than 2000 employment opportunities for the citizens and greatly increase the socio-economic condition of the state.He said thee refinery is situated in the Odogbolu Local Government Ara of the State.Speaking during the ceremony,Ogun State Governor,Senator Ibikunle Amosun,assured the consortium of his administration's commitment to fully support the project.''We habe the political will and we would support the project fully.You can be rest assured that I will get involved,when necessary,in order to ensure that the project is a success.'' the governor said.Governor Amosun added that,''any government that will get it right indeed must be private sector driven''.
In this respect,Governor Amosun said Ogun State does not just want any investment but that which will truly support the dreams,goals and economic drive of the present administration in the state.The Governor disclosed that his administration will always support people of like minds who will in turn bring positive economic development to the state.
The firms involved in the consortium include Petrolex Oil and Gas,Hyundai,Ajayi Legal Partner and Wema Bank Plc.
Adejuwon Soyinka
Senior Special Assistant {Media}
Ogun State Governor.
More photos below.

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