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

AMAECHI TASKS CCECC TO DELIVER LAGOS-IBADAN RAIL PROJECT IN FIVE MONTHS.{PHOTO},#PRESS RELEASE.

 Image may contain: one or more people, people standing and crowd

       The Minister of Transportation, Rt. Hon. Chibuike Rotimi Amaechi, has tasked Messrs China Civil Engineering Construction Company (CCECC), the contractors handling the Lagos-Ibadan Standard Gauge Rail to complete the project within five months.

He argued that COVID-19 has come to stay thus, Messrs CCECC are to devise measures of completing the project. He urged them to procure personal protective equipments for their workers as no excuse for failure would be accepted.

The Minister who made this known today in Lagos when he recommenced inspection of the Lagos-Ibadan rail project in the company of his Information and Culture counterpart, Ahaji Lai Mohammed, noted that funds is not the challenge being faced on the $1.6 bn project but rather lack of workers. He, therefore advised the company to adhere to safety measures such as compulsory use of masks and safety shields by all workers in order to get the required number needed to work in all stations.
On the Ibadan-Kano $5.6 billion rail which is yet to commence, Amaechi stated that government is yet to secure the loan facility from China, Export-Import Bank, assuring that it remains a priority project of the present administration.

Asked about his impression about the project, the Minister of Information and Culture, Alhaji Lai Mohammed, who was visibly very impressed said: “I am very impressed. The reason we brought you here is to see that it is not a concocted story. This is the reason why we are borrowing the money so that Nigerians can travel in dignity and comfort”.

He further explained that “monies borrowed are not for grandiose display nor for overhead or running costs for the nation but rather are for capital projects which on completion would create jobs and provide needed infrastructure for Nigerians”, adding that there is nothing bad in borrowing so long as it is used to provide improved service delivery for the people.

Also, Lai Mohammed applauded Amaechi for the passion exhibited in driving the project and urged CCECC not to disappoint.
On his part, the Managing Director, Nigeria Railway Corporation (NRC), Engr. Fidet Okhiria, during the media briefing disclosed that the corporation is working out modalities on commencing operations on the Lagos-Ibadan and the Itakpe-Warri rail corridor in September.

Other dignitaries on the inspection tour included: the Managing Director, Nigeria Ports Authority (NPA), Hadiza Bala-Usman, the Board Chairman, NRC, Engr. Ibrahim Alhassan Musa, the Executive Secretary, Nigerian Shippers’ Council (NSC), Hassan Bello, among others.

Eric Ojiekwe
D (PPR)
August 15, 2020.

Image may contain: one or more people, people standing and crowd

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).