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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SARAKI SAYS THE NATIONAL ASSEMBLY WILL HAVE TO AMEND THE LAWS ON POWER GENERATION IN NIGERIA.

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Image may contain: sky, cloud, twilight, outdoor and nature                 President of the Nigerian Senate,Dr. Bukola Saraki says the National Assembly will have to amend the laws on power generation,transmission and distribution.According to Saraki,this will enable Nigeria replicate the feat recorded by the German Village,Feldheim,where residents combined efforts and local resources to produce clean and renewable energy.Senator Saraki in a statement by his Special Adviser {Media and Publicity},Yusuph Olaniyu,made the comment after inspecting the project in the energy self-sufficient village located 70 kilometres outside Berlin.''The achievement of the Germans is possible in Nigeria if only the leadership and the operators could be more serious and demonstrate the will power'' he said.He said the issue of power supply remains top in the agenda of the Senate as it is a key instrument for eradicating poverty and unleashing the potentials of the people.''That is why we had a workshop on the sector last month.It is also why we are here to see the experiment and success of the people of Feldheim and see what our people can learn from it.We have to amend the laws to allow communities to generate energy that is more than 10 megawatts and even the laws about power transmission and distribution have to be amended to allow more creativity and involvement from the Pribate sector''.
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