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
Century Power Limited,a subsidiary of Obijackon Group,owner of Nestoil Limited,pplans to start the construction of a-2000megawatts {Mw} thermal power plant in Anambra State,it was learnt.The power plant,hich will be sited at Okija in Anambra State,has been structured in such a way that the first phase,which will give an output of 465Mw and will commence operation in 2018.Its Assistant General Manager {AGM},Group Business Development,Mr Simeon Tor-Agbidye,told news men that the firm iss tidying up arrangement for gas pipeline also known as the Obiafu/Obrikom-Oben {OB3} gas pipeline.The gas will be taken from the eastern part of the pipeline.He also noted that a subsidiary of the Obijackson Group-Energy Works Technology Limited,is fabricating part of the topside facilities off Total's Egina floating production,storage and offloading {FPSO} vessel.He said: ''A feww weeks ago,we had a sail off for the Oil Loading Terminal {OLT} piles for the project.We sailed them off to South Korea where they will be integrated on the FPSO.We have finished that.We are at the final stages of completing K2s pipeline for Shell Petroleum Development Company {SPDC}.The project is an engineering,procurement and Construction {EPC} contact for the 40km x 20 inches export pipeline to re-route Kolo Creek gas to Soku Gas Plant.We are also progressing ssmoothly with the OB3 Pipeline.Obiafu/Obrikom-Oben is an EPC contract for the 64.5km x 48 inches gas pipeline project.We will soon complete that too.He explained that the scope of OB3 was actually split between Nestoil and Oilserv,'' he said.
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