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 THANKS CHINA FOR STRIDES ON NIGERIA'S INFRASTRUCTURAL DEVELOPMENT,AS THEY PAID HIM A COURTESY VISIT TODAY.{PHOTOS}.#PRESS RELEASE.


   President Muhammadu Buhari (M) flanked by Delegation of China Railway Construction Corporation Limited (CRCC), Mr Chen Fenjian, General Manager, Overseas Dept (CRCC), Mr CAO Baogang, President CRCC, Mr Zhao Dianlong, President of CRCC International Limited, Mr Mo Wenhe in an audience at the State House, Abuja. PHOTO; SUNDAY AGHAEZE. MAY 10 2019.

PRESS RELEASE
PRESIDENT BUHARI THANKS CHINA FOR STRIDES ON NIGERIA'S INFRASTRUCTURAL DEVELOPMENT
For what he calls "genuine efforts to improve our infrastructural development," President Muhammadu Buhari has expressed appreciation to the People's Republic of China.
The President spoke Friday at State House, Abuja, while receiving in audience the Chairman of China Railway Construction Corporation Limited (CRCC), Mr Fenjian Chen.
Nigeria's infrastructure, the President said, had depreciated and deteriorated over the years, affecting standard of living, and leading to loss of lives through avoidable accidents.
"We are very grateful to China for the effort to rebuild our infrastructure, and for bringing technical expertise to the country. We will give the required support and cooperation, so that our old, out of date, and collapsed infrastructure might be turned around," President Buhari said.
He promised to personally pay attention to the many projects being undertaken in the country, for the good of Nigerian people.
Mr Chen, who led a high-powered Chinese team to meet with the President, said CRCC is an international company, operating currently in 124 countries of the world. It has 18,000 local employees in Nigeria alone.
Part of projects CRCC is undertaking include rail way, dry port, free trade zone, and building of highways. About 40,000 more jobs are to be created from these.
"The sum of $250 million dollars will be invested on a dry port in Ibadan, Oyo State, and it will decongest the ports in Lagos, and speed up clearance of goods by the Customs Service," Mr Chen said.
He commended President Buhari for the war against corruption and insecurity, expressing confidence that Nigeria will soon become a much better country.
Femi Adesina
Special Adviser to the President
(Media and Publicity)
May 10, 2019.
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