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

‘‘ELECTRICITY HAS NO POLITICAL COLOUR’’, PRESIDENT BUHARI DECLARES AT INAUGURATION OF IPP IN ABA TODAY.{PHOTO}.#PRESS RELEASE.

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      President Buhari commissions Ariaria Market Independent Power Project in Abia State on 29th Jan 2019
Ariaria Market 5: President Buhari with Governor Rochas Okorochas of Imo State, MD Rural Electrification Agency Damilola Ogunbiyi, Governor Okezie Ikpeazu of Abia State and Minister of Power, Works and Housing Babatunde Fashola as he commissions Ariaria Market Independent Power Project in Abia State on 29th Jan 2019.

Press Release
‘‘ELECTRICITY HAS NO POLITICAL COLOUR’’, PRESIDENT BUHARI DECLARES AT INAUGURATION OF IPP IN ABA
President Muhammadu Buhari Tuesday inaugurated the Ariara Market Independent Power Plant (IPP) in the commercial city of Aba, Abia State, with a pledge that his administration will continue to execute people-oriented projects around the country irrespective of party differences.
‘‘Today with policies and programmes such as this IPP we have demonstrated that if the common good is our mutual objective, it can be achieved irrespective party differences and constitutional limitations.
‘‘Electricity has no political colour,’’ the President said in his speech at the inauguration of the plant.
President Buhari expressed delight that 37,000 shops belonging to traders and small business owners in Ariara market will, one after the other, be connected to the dedicated electricity supply.
He noted that the feat will strengthen the Made-in-Nigeria policy for which Abia and in particular, Aba, and Ariaria market are already well known.
‘‘I am pleased to be here today at the milestone connection of 4,000 shops that now have dedicated power.
‘‘Being a market that supplies shoes, bags, clothing, trunks and many household accessories to Nigeria, many African countries like Chad, Cameroun, Gambia and Central Africa Republic, reliable power supply is critical for ease of doing business to ensure sustainability and improvement.
‘‘I am told that before this intervention, traders in the market only got 4 hours a day of electricity and paid exorbitantly for it, which consequently affected the viability of many businesses.
‘‘This is the sad legacy we inherited but which we are replacing with an all-day power supply that is cleaner and better for our environment.
‘‘Those who turned their backs on these problems still have the courage to campaign about unemployment and poverty,’’ he said.
The President told delighted traders and businessmen who trooped out en-masse to welcome him to Aba that the APC-led administration is creating jobs for Nigerians through investments in power projects like the IPP in Ariaria.
‘‘What is happening in Ariaria today by way of clean, independent and reliable power to markets and small businesses is happening in Kano, Lagos, Ondo and Ibadan.
‘‘Similar initiatives have started in nine Federal universities with a plan to cover 37 universities, through Government funding,’’ he said.
Saluting the traders for their fortitude over the years when no previous government attended to their concerns, the President declared: ‘‘Methodically, slowly, but very efficiently, we are cleaning up the mess. We are moving our economy away from rent and arbitrage and heading resolutely to building an economy that rewards investments, enterprise and hard work.’’
President Buhari assured business owners in Ariara that under his watch they will continue to experience better days and prosperity as African markets await more of Made-in-Aba products.
The President is on his 17th and 18th campaigns stops to Abia and Imo States for the February 16, 2019 presidential elections.
According to INEC timetable, the deadline for campaigns is February 14.
Earlier on his arrival in Aba, the President had paid homage to Enyi 1 of Aba, Eze Isaac Ikonne before attending the APC presidential campaign rally at the Enyimba Stadium, Aba.
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
January 29, 2019.
Image may contain: 13 people, people smiling, crowd

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