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

BILL TO UPGRADE FEDERAL POLYTECHNIC OKO, ORUMBA-NORTH, ANAMBRA TO FEDERAL UNIVERSITY OF TECHNOLOGY OKO PASSES FIRST READING ON THE FLOOR OF THE SENATE TODAY-SEN. IFEANYI UBA.{PHOTOS}.#PRESS RELEASE.

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     Today, being Wednesday, December 11, 2019, I sponsored a Bill for the upgrade of the Federal Polytechnic Oko, Orumba-North to Federal University of Technology Oko.
Undoubtedly, the existence of a sound and robust educational sector in any country is anchored on the availability of viable academic institutions and well trained teachers to impart requisite knowledge. Hence, the need to establish more institutions in our academic sector to continually produce more qualified and globally competitive youths as obtainable in other developed countries all over the world.
The primary objective of this university is to produce qualified graduates with capabilities not only to understand the technological needs of Nigeria as a nation but also to exploit existing technological infrastructure and improve on them to develop new ones.
The university will be supervised by the Federal Ministry of Education through the National University Commission (NUC) which shall be responsible for approving and regulating all academic programmes run by the university, to ensure compliance and provide funds for academic and research programmes, infrastructure and remuneration of employees.
It is my belief that the institution will produce graduates with practical as well as theoretical knowledge of technology and arts so as to bring about quality changes in our educational sector as it would focus on practical teaching and learning innovations.
In view of the need to expand the current admission capacity of our universities, the establishment of the Federal University of Technology Oko, Anambra is not only a timely and apt legislation, but a bill that will show the Ninth Senate’s responsiveness to the needs of our citizens for qualitative education.
When established, the institution will offer full time academic courses in Science and Arts as practiced in institutions like; the Institute of Management Technology, Enugu (IMT), Federal University of Technology Minna (FUTMINNA) and Yaba College of Technology (YABATECH).
It is therefore my expectation that having passed the first reading, the bill will be read the second tim, recommended to the relevant committee for further legislative action and given accelerated passage.
Senator (Dr.) Patrick Ifeanyi Ubah.
Anambra South Senatorial District.
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