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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LAGOS TO COMMENCE THE REDEVELOPMENT OF ADENIJI ADELE HOUSING ESTATE.

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        The General Manager of Lagos State Urban Renewal Agency (LASURA), Mr. Lateef Sholebo has disclosed that the Redevelopment of Adeniji Adele Housing Phase I-IV Estate, Lagos Island will commence soon.
Sholebo, who stated this while speaking with news correspondents on the planned activities of the Agency in Lagos recently revealed that UACN Property Development Company (UPDC) Plc., and ATO Architects Consortium as prospective developers, who have indicated interest and submitted designs for the projects.
He said that the State targets construction of 2,500 housing units with all infrastructural facilities including alternative power supply and recreational facilities.
According to him, “The redevelopment of Adeniji Adele Phase I-IV Housing Estate will be using a combination of various house types at various heights to achieve the required density for the redevelopment. The project consists of Commercial and Community development as well as provisions for elevated parking spaces would make it one of the iconic estates in the State”.He said the project, when completed, will further meet the housing needs of residents in fulfilment of the government's promise to provide shelter across all division of the State.
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