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

PRESIDENT BUHARI PLEDGES SUPPORT TO SOUTH-EAST ON INFRASTRUCTURE,AS HE RECEIVES EKWEREMADU AND OTHERS TODAY.{PHOTOS}.#PRESS RELEASE.

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     President Buhari receives in audience Deputy Senate President and South East Governors in State House on 21st Nov 2018
South East delegation: President Buhari with Deputy Senate President Ike Ekweremadu, Governor David Umahi of Ebonyi state, Deputy Governor of Anambra State Nkem Okeke, Governor Okezie Ikpeazu of Abia State and Governor Ifeanyi Ugwuanyi of Enugu State as he receives in audience South East Governors in State House on 21st Nov 2018.

PRESIDENT BUHARI PLEDGES SUPPORT TO SOUTH-EAST ON INFRASTRUCTURE
President Muhammadu Buhari has assured that all ongoing Federal projects in the South East will be funded, saying that the seven-month delay in passing this year’s budget will not serve as an excuse.
Speaking at a meeting with South-East Governors and Deputy Senate President, Ike Ekweremadu, Wednesday, at State House, President Buhari pledged that the Federal government will sustain the support to the South-East in terms of infrastructure.
‘‘I assure you that we are doing our best and will not default on the agreements signed on ongoing projects,’’ the President told the delegation led by Deputy Senate President Ekweremadu.
President Buhari explained that part of the noticeable problem in the delay in the execution of the capital projects was caused by the budget hold-up.
‘‘When you sign, and you don’t pay, they (contractors) can legally jerk up their costs. This is part of the problem.
‘‘The infrastructure budget is a deficit budget. The borrowing plan was only approved three weeks ago and all ministers and departments of government have been instructed to forge ahead. We must not find excuses for delaying the projects.
‘‘Developing infrastructure is the best thing we can do. When the roads are okay, the rails are established and there is power, Nigerians will flourish in their businesses,’’ he said.
President Buhari, who was accompanied to the meeting by the Secretary to the Government, Boss Mustapha, the Minister of Science and Technology, Dr Ogbonnaya Onu, the Minister of Industry, Trade and Investment, Dr Okechukwu Enelemah, the Minister of Labour and Employment, Senator Chris Ngige, the Minister of Transportation, Rotimi Amaechi and that of Power, Works and Housing, Babatunde Fashola, responded from point to point on all the issues raised by the Governors, to their satisfaction.
On the undulating surface of the Akanu Ibiam International Airport, Enugu, the President assured that it will be addressed in the new budget.
He also spoke of government’s serious interest in the new Port-Harcourt-Maiduguri standard gauge railway which transverses several states including those in the South East.
The Minister of Transportation gave assurance that this project, the single most costly rail project at USD 12 billion, will soon be coming to the Federal Executive Council (FEC).
The Ministers were directed to follow up with the private sector on key projects in the region, including the South East Dry Port and the Geometric Power Plant in Aba, with a view to untangling the problems causing their delayed take-off.
Speaking on behalf of the Governors, Governor Dave Umahi of Ebonyi State said they had come specifically to thank the President for the award of the contract for the major component of the second Niger Bridge at the cost of N206 billion.
‘‘The project is the dream of our people and it has become a dream come true. Our people said we must come and thank you. Your Excellency, Mr President we are grateful Sir,’’ he said.
Thereafter, Governor Umahi while enumerating some challenges confronting the Governors to the President said: ‘‘out of mutual respect, we have come to you as a caring leader to listen to us.’’
Other Governors on the delegation were Okezie Ikpeazu of Abia State, Ifeanyi Ugwuanyi of Enugu State and the Deputy Governor of Anambra State, Dr Nkem Okeke.
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)  
 November 21, 2018
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