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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ONU STRESSES SELF-RELIANCE FOR DEVELOPMENT.(PHOTO).#PRESS RELEASE.

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ONU STRESSES SELF-RELIANCE FOR DEVELOPMENT


The Minister of Science, Technology and Innovation, Dr. Ogbonnaya Onu has stressed the need for African nations to add value to their abundant natural resources, in order to achieve wholesome socio-economic development.

Dr. Onu stressed the need for socio-economic self-reliance, so as to reduce imports and produce goods and services needed by Africans.

He made this statement when delegates from African Union  Scientific Technical and Research commission (AU-STRC) led by his Excellency  Prof.Mohammed Belhocine, paid him a  courtesy  visit  today in his office in Abuja.

The Minister further said that the difference between developed and developing Countries is in terms of investment in STI.  He advised Africans to use their abundant natural resources, commercialize and export them to other Countries.

He reiterated that with more focus on STI, it will help African Countries create Jobs, and reduce poverty to its barest minimum.  

Dr. Onu, promised the delegation that the Ministry through one of its agencies; National Space Research Development Agency (NASRDA) will partner with the commission to support the Pan-African university, based in Ibadan.

Earlier, the commissioner of Education, Science, Technology and Innovation for the African Union Scientific Technical and Research commission (AU-STRC), Prof.Mohammed Belhocine said the purpose of his visit was to seek the collaboration and partnership of the Ministry.

He further said that the support of the Nigerian government is needed to facilitate one of the institutes of the Pan-African University based in Ibadan. He added that the Ministry should help with the provision of vital equipment needed for the Intitute.    

AFONJA F. AJIBOLA
DD PRESS
FMSTI
7TH APRIL 2022


 

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