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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ONU: NIGERIA MUST PROTECT ITS AGRICULTURAL BIODIVERSITY.{PHOTO}.#PRESS RELEASE

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The Minister of Science and Technology, Dr. Ogbonnaya Onu said that Nigeria must protect and find ways at preserving the various Agricultural biodiversity such as the wide array of plants and Animals indigenous to the country.
Dr. Onu made the remarks when he declared open the National Stakeholders Sensitization workshop on Animal Biotechnology applications and regulatory perspectives, in Abuja during the week.
The Minister urged the National Biotechnology Development Agency to improve the productivity of Animal farming.
He said; “ NABDA has to play greater role in helping our dear nation find a solution to the conflict that exists between animal and crop farmers in the country. NABDA has to intensify research in improving productivity and yield in animal farming.”
He urged on African nations to ensure the use of STI (Science, Technology and Innovation) to convert their abundant natural resources to products and services imported from abroad.
Dr. Onu further highlighted the importance of Agriculture to Nigeria’s socio-economic boost. In his words, “It is estimated that Agriculture accounts for about 35% of the continents Gross Domestic Product, 40% of it exports and 70% of its employment.”
He added that, proper application of STI in agriculture will help solve many of the challenges faced by the nation today.
The Minister of Agriculture and Rural development, Alh. Sabo Nanono who was represented by the Director of Animal Husbandry in the Ministry, Dr. Solarin, said that technologies employed into the field of biotechnology, should be safe and have no adverse effects on food safety and the environment.
Earlier the Permanent Secretary of the Ministry, Mr. Sunday Edet Akpan said that the government at all levels should adopt and create viable policies on Animal biotechnology.
He further called for more efforts on bio-technology adaptations and hailed the existing productive synergy between Agriculture and Animal biotechnology stakeholders.
OTUYEMI ADETAYO
FOR: Deputy Director/ Head Press and PR.
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