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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LEKKI CONCESSION COMPANY LIMITED RESUMES TOLLING AT IKOYI LINK BRIDGE ON 1st APRIL, 2022.(PHOTO).#PRESS RELEASE.

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LEKKI CONCESSION COMPANY LIMITED RESUMES TOLLING AT IKOYI LINK BRIDGE ON 1st APRIL, 2022


Following months of engagement with key stakeholders within Eti-Osa /Lekki-Epe area, Lekki Concession Company Limited (LCC) hereby officially announces the formal return to tolling operations on Friday, 1st April, 2022 at the Ikoyi Link Bridge Toll Plaza. However, toll payment will not commence until 16th April 2022.

LCC has been a worthy part of the Eti-Osa/ Lekki-Epe ecosystem and has served the community relentlessly and to the best of its ability over the years. We are encouraged by the response and the cooperation received from the vast majority of residents and stakeholders who appreciate the value we bring to bear on their daily movement and continue to register for (or update ) their toll accounts in readiness for the commencement of cashless toll collection. All the points made at the engagements are well taken. 

Whilst LCC is aware of the concerns expressed by some stakeholders regarding the return to tolling, it is common knowledge that the government cannot, on its own, meet all the infrastructural needs of the ever-growing population.

Given that the funding for the project was secured by the initial private sector sponsors and contracts were signed with various local and international financial institutions, in the spirit of respecting the sanctity of contracts, the Lagos State Government continues to meet these obligations when it bought over the shares of LCC, thereby taking over both the assets and liabilities.

To ensure a smooth return, LCC has deployed new and more efficient technology at the Ikoyi Bridge Toll Plaza. Therefore, to test run the new system and ensure a seamless interface with road users, the first two weeks will be completely toll - free.

LCC remains committed to providing a safer and better driving experience on the Ikoyi Link Bridge.

Thank you.
Signed

Yomi Omomuwasan,
MD/ CEO LCC

 

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