LAGOS COURT JAILS NOGASA CHAIR, FATUYI PHILLIPS 21 YEARS FOR N43. 5M FRAUD. (PHOTO). #PRESS RELEASE

Image
 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

LAGOS BLUE RAIL LINE COMMENCES OPERATION IN 2021 AS SANWO-OLU KICKS OFF FINAL PHASE OF PROJECT.#PRESS RELEASE.

Image result for lagos blue line rail
     The integrated mass transportation initiative of the Lagos State Government has recorded a huge progress with the successful completion of an elevated sea-crossing track of the Lagos Blue Line Rail Mass Transit project.
Governor Babajide Sanwo-Olu, on Tuesday, led members of the State Executive Council to inspect the five-kilometre long Continuous Beam Bridge constructed from Iganmu to Marina, which is part of the fourth phase of the Blue Line Rail project and inaugurate the final phase of the project.
The ceremony also marked the commencement of construction activities on the final phase of the Blue Line rail project, which Governor promised to complete next year.
Sanwo-Olu said the completion of the sea-crossing track indicated his administration’s commitment towards completing the State-funded rail project started in 2009.
He said: “The completion of this project is top priority for our administration, as it is critical to the achievement of our prioritised pillar of traffic management and transportation in our six-point development agenda, known as project THEMES.
“The aim of this rail project is basically to reduce travel time through an effective and efficient intermodal transport system. It is also key to the building of a 21st century economy, which is central to the vision of a Greater Lagos aspiration. We are committed to delivering this project next year and ensuring its operation starts in 2021.”
The construction of the Blue Line rail tracks, Sanwo-Olu noted, was being implemented in strict adherence to the State’s Strategic Transport Master Plan, which prescribes six rail lines and one monorail for the long-term strategic goals of the State.
Apart from the Blue Line, the Governor disclosed that his administration would be starting the construction of the Red Line rail project from Agbado to Marina, pointing out that advertisement had been published in the media to invite investors for the construction of four other rail lines under a Design, Build, Operate, Maintain and Transfer model of Public-Private-Partnership arrangement.
According to the Governor, the advertised rail projects include the 68-kilometre Green Line, 60-kilometre Purple Line, 34-kilometre Yellow Line and 48-kilometre Orange Line.
The Green Line will start from Marina through Victoria Island, Lekki Phases 1 and 2, Ajah, Ogombo, Lekki Airport to Lekki Free Trade Zone, while the Purple Line is expected to start from the Redemption Camp going through Ogba, Iyana Ipaja, Igando and terminating at Ojo.
The Yellow Line will stretch from Otta through Isheri Osun, Ejigbo Mafoluku, Isolo to the national theatre, and the Orange Line will span from Ikeja moving through Mile 12, Ikorodu, Alapadi, Eligana, Isiwu, Imota and terminating at Agbowa.
Sanwo-Olu said: “The Government will also start the construction of eight quality bus corridors in strategic areas of Lagos. These bus corridors is our government’s initiative aimed at giving dedicated road space and traffic signal priority to mass transit buses in order to reduce journey times and improve service consistency.
“The aim of the initiative is to encourage people to change from cars to buses and thus reducing traffic congestion. We are opening up new transport corridors to organised transport operators for seamless transport connectivity, reduce congestion and truly make our state competitive.”
The Governor congratulated the Lagos Metropolitan Area Transport Authority (LAMATA) and the contractor, China Civil Engineering Construction Company (CCECC) for the progress, urging them to complete the Blue Line rail project on record time.
CCECC Managing Director, Mr. Michael Chiang, said the Continuous Beam Bridge represented the most complex construction work on the Blue Line project, noting that the engineering firm encountered several geological challenges before completing the sea-crossing section.
He said: “It is another great milestone for the project, which indicates that we have successfully overcome the major difficulties and solved the most complex construction section problems. We have overcome different challenges ranging from the impact of fluctuating tides, the frequent berthing of oil vessel, the very complex geological condition of the seabed and several incidents of barges colliding with the trestle near the busy sea navigation route.”
Also, the Managing Director of LAMATA, Mrs. Abimbola Akinajo, described the feat as a “great milestone”, saying the ceremony marked the successful completion of 85 per cent of Phases one to four of the Blue Line project, which spans from Mile 2 to Marina.
Image result for lagos blue line rail

Comments

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

SSANU, NASU THREATEN STRIKE OVER WITHHELD SALARIES. (PHOTO).