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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CHINESE CONSORTIUM TARGETS EARLY 2019 FOR WORK ON 3050MW MAMBILLA POWER PROJECT – PRESIDENCY.#STATE HOUSE PRESS RELEASE.

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     President Muhammadu Buhari has received assurances from the Joint Venture Partners assigned to construct the 3050 Megawatts Mambilla Hydro-electric Power Plant, that all processes leading to the start of work would soon be completed to pave way for the commencement of the project early next year.
At a meeting Thursday in Beijing with Professor Lyu Ze Xiang, the President of CGCC, the construction company, President Buhari asked to be briefed on time lines for the commencement of work, following his highly successful meeting with the Chinese leader, Xi Jinping.
The Nigerian President, who likened the Mambilla to China’s Three Gorges Dam, said given the significance of the project to Nigeria’s socio-economic development, there was a need for its speedy completion.
“I am very pleased with the concern you have shown for the significance of this project,” he told the head of the construction giant, adding, “I would like you to ensure its speedy completion.”
Xiang informed President Buhari that Nigerian officials and the project consultant would meet in two weeks to address the questions raised by President Xi for more detailed and updated feasibility and sustainability studies. He said a team had already been set up to work on the financing aspect.
“We fully understand the importance of this project to the economic and social wellbeing of Nigeria. In two weeks, we will sit down with the parties for the economic and sustainability analysis. It would take about four weeks to conclude the update,” he assured.
According to the lead contractor, “pre-commencement work,” would thereafter begin, dealing with access to site and putting in place the necessary support infrastructure such as power, water and transportation.
“Our target is to commence the project early next year,” he told President Buhari shortly before the Nigerian leader’s departure at the conclusion of his six-day official trip to China.
GARBA SHEHU
Senior Special Assistant to the President
(Media & Publicity)  
September 6, 2018
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