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
According to my sources,the Minister of State for Aviation,Hadi Sirika,says the Nnamdi Azikiwe International Airport,Abuja,will be closed for six weeks in February and March next year for total repairs on the runway.He further told journalists in Abuja yesterday monday that the closure will allow Julius Berger carry out total re-construction on the badly damaged airport runway.He said while the runway would still be put to use under the six months of rehabilitation,the six weeks would allow the mid-section of the runway to be reconstructed.According to him,President Muhammadu Buhari has approved the reconstruction through the emergency procurement procedure for work to commence.This,according to him,is because of the centrality,economy and the importance of Abuja to the general administration of the country.He said government could not afford to close down Abuja airport for a long time as palliative repairs had been ongoing on the runway in the last three months.''From start to finish of the runway,it will take six months.However,we will be using the runway almost throughout the period except for about six weeks when the runway will be closed.That is when we are going to do the mid-section of the runway.The government has accepted the design done by the contractor.The runway will last for more than 10 years on completion early next year''.he said.Mr Sirika said Abuja bound passengers from any part of the world will use Kaduna airport as alternative during the six weeks closure to passengers.He said arrangement had been finalised with Kaduna State,adding that while the federal government will provide buses to convey the passengers to Abuja,the state government will provide security.According to him,it will cost government substantial amount of money ''but we think that palliative approach is wrong because three years down we will come back to the same repairs.Therefore,we decided to go for the bigger option which is to do structural repairs if the runway which will take about six months to complete,'' he said.On the Bilateral Air Agreement with other countries,Mr. Sirika said the government had signed BASA with 18 countries that Nigerians frequently visit and do business with.The MOUs,he said,would give Nigeria the opportunity to operate air services with 18 countries.''With this,we have the freedom to fly and land safely in other air space and this will assist in opening our market''.
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