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

NIGERIAN ARMY PARTNERS WITH INNOSON VEHICLES MANUFACTURING COMPANY FOR MILITARY VEHICLES PRODUCTION YESTERDAY.{PHOTOS}.


      The Nigerian Army has today Tuesday 2nd January 2018, formally gone into partnership with Nigerian indigenous motor manufacturing company, Innoson Motors Manufacturing Company for modification of some of its equipment, local production of armoured fighting vehicles and other military hardwares. This was made manifest during a meeting between the management of the company let by the Chairman, Doctor Innocent Chukwuma and the leadership of the Nigerian Army led by the Chief of Army Staff, Lieutenant General TY Buratai at the Army Headquarters, Abuja.
In his remarks, the Chief of Army Staff, congratulated the company for giant strides it has recorded in the production of various brands of vehicles lately. He said that the essence of the meeting was to further formalize the business relationship between the Nigerian Army and Innoson Vehicle Manufacturing Company. The Chief of Army Staff recalled with delight that the Nigerian Army being patriotic and in a bid to encourage local entrepreneurs asked Innoson Motors to supply 3 vehicles early last year which were found to be durable and performing very well as they were employed in combat and proved to be useful, comfortable and convenient in military operations. Based on that the Nigerian Army acquired over 70 more variants of the Innoson vehicles which were deployed in the North East for Operation LAFIYA DOLE. He further stated that the Nigerian Army desires to deepens its cooperation by partnering with Innoson Vehicle Manufacturing Company Limited to conceptualize, design, modify and produce military hardwares.
The specific areas of partnership between the Nigerian Army and the company include immediate supply 100 vehicles, supply of appropriate gears, engines and chassis required for immediate modifications and repairs of armoured fighting vehicles in the North East Theatre of Operations. Identifying requirements for production of armoured fighting vehicle in Nigerian Army Central Workshop in Kaduna and enhancing capacity of Nigerian Army personnel to actively participate on the successful implementation of these joint ventures.
Responding, Doctor Innocent Chukwuma expressed happiness that the Nigerian Army has found his vehicles working perfectly and commended the Chief of Army Staff for his great sense of patriotism. He promised to assist the Nigerian Army in its quest for better vehicles for its troops and resuscitation of its Special Vehicle Plant and Workshops. Dr Innocent Chukwuma further thanked the Chief of Army Staff for the commendation, maintaining that his company would continue to improve and expand its capacity in vehicle manufacturing. He further appreciated the Nigerian Army for the patronage, describing the critical role the Nigerian Army is playing in national development through the fight against insurgency in the North East and Nigeria in general.Highlight of the occasion was inspection and handing over of 3 of the newly manufactured vehicles by the company for trial by the Nigerian Army. These newly manufactured vehicles are; IVM G80 Bigger Jeep, IVM G40 Smaller Jeep and IVM Granite Pickup.More photos below.
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