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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VP OSINBAJO COMMISSIONS NDPHC SUBSTATION ALONG WITH GOV. WILLIE OBIANO AND OTHERS.[PHOTOS].#PRESS RELEASE.

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 Vice President Yemi Osinbajo commissions Niger Delta Power Holding Company (NDPHC) substation along with Governor of Anambra State, Willie Obiano and Managing Director, NDPHC, Joseph Chiedu Ugbo at the Alex Ekwueme Square, Awka, Anambra state. 


Shared Facilities provide MSME clusters with machinery or equipment that different businesses can use or rent for short periods.  In addition to convenience, and access to the latest equipment, this arrangement also spares them the financial burden of having to purchase vital equipment on their own.  The Shared Facilities project is a partnership between the Federal Government, interested States, the Bank of Industry, NEXIM Bank, and the Private Sector. 


This leather cluster has about 2000 stores with almost 30,000 MSMEs operating here so I have no doubt that this facility will be of immediate value to all of them.  When asked, some of MSMEs operating here said they are able to produce 200 to 400 shoes a month using manual processes.  Ladies and Gentlemen, I am pleased to tell you that with this facility the MSMEs located here would now have a potential monthly production of:

 

• 96,000 shoes soles

• 44,000 slippers

• 44,000 shoes

• 22,000 boots.


It was with great pleasure that I commissioned the Leather Hub Shared Facility for MSMEs in Ogbunike, Anambra State earlier today.

More photos below.

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