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

NIGERIA SIGNS HOSTING AGREEMENT FOR GLOBAL TOURISM CONFERENCE,PROMISES TRAILBLAZING EVENT.(PHOTO).#PRESS RELEASE.


PRESS RELEASE

Nigeria Signs Hosting Agreement For Global Tourism Conference, Promises Trailblazing Event

The Minister of Information and Culture, Alhaji Lai Mohammed, has assured that the 1st Global Conference on Cultural Tourism and Creative Industry, to be held in Lagos 14-17 November 2022, will be a trailblazing event.

The Minister gave the assurance in Madrid on Tuesday when he signed the hosting agreement for the event with the Secretary-General of the World Tourism Organization (UNWTO), Mr. Zurab Pololikashvili, in the Spanish capital.

He said the signing of the agreement is the clearest indication yet of Nigeria's commitment to hosting a successful conference, officially entitled '1st UNWTO Global Conference on Linking Tourism, Culture and Creative Industries: Pathways to Recovery and Inclusive Development'.

Alhaji Mohammed said the conference will be held at the National Theatre, which is currently being renovated at a cost of $100 million, under a partnership between the Federal Government and the Bankers' Committee/Central Bank of Nigeria (CBN).

He said the conference will form a part of the events to formally declare open the National Theatre, the iconic edifice which is undergoing its first renovation in over four decades, in addition to witnessing the construction of new hubs for fashion, information technology, film and music.

''In an effort to ensure that the National Theatre complex is ready for the hosting in November, I recently undertook an inspection tour of ongoing work there with stakeholders, including the Governor of Lagos State, the Governor of CBN and the Minister of Sports and Youth Development. Every indication is that the venue will be ready early enough to host the global conference,'' the Minister assured.

He said the global conference will affirm Nigeria’s status as the hub of the Creative Industry in Africa, and help reposition the Cultural Tourism and Creative Industry as the engine of growth not just for Nigeria or Africa but indeed all countries of the world.

''The creative economy contributes a significant 3% to the global gross domestic product (GDP), averaging between 2% and 7% of national GDPs around the world. And, according to UN estimates, the creative economy industries generate annual revenues of $2.25 trillion and account for 30 million jobs worldwide. The essence of this conference, therefore, is to help improve on those figures and create more jobs

''This inaugural conference couldn’t have been conceived at a better time. The Creative industry was badly hit by Covid-19 pandemic, and it is just beginning a slow and long recovery process. For example, it is estimated that In 2020, the cancellation of public performances alone cost the organizers roughly 30% of global royalties, while the global film industry lost $7 billion in revenues. The stark reality is that millions of jobs were also lost during the shutdown period. That’s why the conference is not only expedient but timely,'' Alhaji Mohammed said.

He commended the UNWTO for coming up with the conference and also for giving Nigeria the hosting rights.

For his part, the UNWTO Secretary-General, Mr. Pololikashvili, assured that the UN agency will immediately kickstart a global publicity campaign for the event as part of efforts to ensure its success.

The signing was witnessed by the Nigerian Ambassador to Spain, Mr. Demola Seriki, and the Director-General of the Nigerian Tourism Development Corporation (NTDC), Mr. Folorunsho Coker, among others.

Segun Adeyemi
Special Assistant To The President (Media)
Office of the Minister of Information and Culture
Madrid, Spain
19 April 2022

PICTURE 

The Minister of Information and Culture, Alhaji Lai Mohammed (left) and the Secretary-General of the UN World Tourism Organization, Mr Zurab Pololikashvili (right), signing the hosting agreement for the 1st UNWTO Global Conference on Cultural Tourism and Creative Industry in Madrid, Spain, on Tuesday

 

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