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
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LAGOS TO CREATE MORE ISLANDS TO CURB LAND SCARCITY.{PHOTO}.#PRESS RELEASE.

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   To further increase land availability for Housing and Infrastructural Development, the Lagos State Government has expressed the desire to continue to create more man-made islands at its waterfront across the State.
The Honourable Commissioner for Waterfront Infrastructure Development, Arch. Ahmed Kabiru Abdullahi, disclosed this today at the Year 2020 Ministerial Press Briefing at JJT Park Alausa, Ikeja, to mark the first year of Governor Babajide Sanwo-Olu’s administration.
According to the Commissioner, work has commenced on the reclamation of 100 hectares of the land proposed for mixed-use development named “Ostia Islands”, beside Orange Island at Eti-Osa Local Government Area.
Abdullahi added that approval was also granted for the reclamation of 54.58 hectares at Makoko for redevelopment, while the Majidun-Awori Island project will be embarked upon to bring commercial and residential real estate development to the Ikorodu corridor.
While stating that the projects will be financed through Public-Private Partnership, Abdullahi listed other upcoming projects such as King’s City Island, to be constructed on 150 hectares and located 300 metres north of Victoria Garden City; and Olumegbon Royal Land (Palaver Yard Extension) with proposed 6.6 hectares of land.
He also disclosed that the Lagos State Government has continued to work with its partners at the Orange and Gracefield Islands currently undergoing construction during the period under review.More photos below.
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