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

FG GRANTS N5 MILLION TO YOUNG INNOVATORS.[PHOTO].#PRESS RELEASE.

 PRESS RELEASE

.

FG GRANTS N5 MILLION TO YOUNG INNOVATORS


Ministry of Science, Technology and Innovation has granted the sum of Five Million naira, to students of Marist College Yangoji Abuja, for inventing the Sensebox and Aquabot device, which are monitoring devices for air and water pollution.  


The presentation was made by the Minister of Science, Technology and Innovation, Dr. Ogbonnaya Onu in his office on Tuesday in Abuja.


The Minister said that with the feat achieved by the students, Nigeria is well positioned to become a hub for creativity. He added that Nigeria will meet all her needs, rely less on import and create wealth for the nation once becoming a creativity hub.  


On intellectual property protection, he added that the Ministry will patent the key innovation through one of its agencies; The National Office for Technology Acquisition and Promotion (NOTAP). He further said that the patenting will come at no cost to the school.


Dr. Onu appealed to parents to motivate their children, and make sure they inculcate values of hardwork, respect and commitment which is the foundation of every child.


He urged  the students, to fly the Nigerian flag high at the upcoming virtual Students for Advancement of Global Entrepreneurship (SAGE) competition on the 13th of August this year.     


Earlier the President/CEO of the research team for Aquabot, Mabocha Sharon who is a SS3 student of Marist College said they are seeking the support of the Ministry to patent their innovation.


She also added that they need financial support to help develop their innovation, build science laboratory that could benefit other students.


 


IRONDI. C. IFEOMA


PRESS AND PR


FMST


3RD AUGUST 2021.

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).