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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NIGERIAN NAVY LAUNCHES NEW WARSHIP.{PHOTO}.#PRESS RELEASE

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The Nigerian Navy (NN) has today launched a new Landing Ship Tank (LST) at Damen Shipyard, Sharjah, United Arab Emirates. The construction of the ship began about 2 years ago and when commissioned, will replace the first set of LSTs of the NN, NNS AMBE and NNS OFIOM which have been decommissioned.
The introduction of the LST to the NN inventory will bolster NN sealift capability. Specifically, it would enhance the transportation of troops, military hardware, vehicles in the conduct of maritime security operations launched from sea as well as supply of relief material during period of national emergency. Furthermore, the vessel will serve as a critical component of naval power projection for enhanced maritime security in the Gulf of Guinea and beyond. In its secondary role, the LST will play a critical role in the protection of maritime assets and preservation of law and order at sea, thus contributing significantly to promotion of global maritime commerce, peace and safety.
The new LST has a complement of 32 crew and 250 embarked persons and a length of 100.08m. She is powered by 2 Caterpillar/Cat 3516 C-rating engines and 4 Caterpillar C-18 generators. Furthermore, she has an endurance of 15 days @ 15 knots. If she is to be used for humanitarian missions/evacuation, she can accommodate over 450 persons on its upper and lower decks in short trips.
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