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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FASHOLA COMMISSIONED TWO TRANSFORMERS IN KATAMPE & APO IN ABUJA TODAY.

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           The Minister of Power, Works and Housing, Babatunde Fashola today commissioned two 100MVA, 132/33kV Transformers in Katampe and Apo in the Federal Capital Territory.
Speaking at the commissioning, the Minister said that the Transmission Company of Nigeria (TCN) has in the last 2 years grown its capacity, so that it is now able to transmit the entire 7,000MW capacity of Nigeria's Gencos. Today, TCN capacity expanded even further with commissioning of two 100MVA, 132/33kV Transformers in Katampe and Apo in the Federal Capital Territory (FCT) respectively. The installation of the two 100MVA, 132/33kV Transformers each at Apo and Katampe, will increase the total wheeling capacity of TCN, which was last simulated in December 2017, to slightly above 7,000MW.
With the commissioning of the Transformers, these areas will experience improved power supply: Gwarinpa, Life Camp, Jabi, Kado, Wuye, Maitama, Mpape, Katampe 1 & II, Jahi, Mabushi Garki, Gudu, Guzape, Asokoro, Apo Resettlement, Wumba, Apo Mech Village, part of Lugbe, & NAIA. TCN also has advertised for upgrading of the capacity of Central Area 132/33kV Substation. This project is part of Nigerian Electricity Transmission Project (NETAP) financed by World Bank as a successor to Nigeria Electricity and Gas Improvement Project (NEGIP).
TCN is also implementing the Abuja Transmission Scheme (ATS) financed by Agence Francaise De Development (AFD). The procurement process for the projects under the scheme has reached an advanced stage. Five new Substations and a third 330kV transmission line into Abuja in addition to Shiroro-Abuja and Ajaokuta-Abuja 330kV transmission line will be constructed as part of ATS. Two of the new Stations 330/132/33kV Substations under ATS will be sited at the West Main (Lugbe) and New Apo, while the three new 132/33kV substations will be sited at Lokogoma, Kuje and Gwarinpa. They are expected to cater for the transmission needs of Abuja for a long while.As part of a collaboration between Nigeria and the Government of Japan, Capacitor Banks worth over $10 million are being installed at Apo and Keffi substations. The Capacitor Bank in Apo, rated 22.5MVar is currently 80% completed. It will significantly improve the quality of power supply from Apo substation. The same collaboration is expected to also completely rehabilitate Apapa, Akangba, Isolo and Ikeja West Substations in Lagos.
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