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

PRESIDENT BUHARI WELCOMES $200M AFRICAN DEVELOPMENT CENTRE BY MICROSOFT, SAYS NIGERIA READY TO LEAD IN DIGITAL TECHNOLOGY.(PHOTO).#PRESS RELEASE.



PRESIDENT BUHARI WELCOMES $200M AFRICAN DEVELOPMENT CENTRE BY MICROSOFT, SAYS NIGERIA READY TO LEAD IN DIGITAL TECHNOLOGY


President Muhammadu Buhari Friday in Abuja said Nigeria stands poised to welcome more initiatives and investments in digital technology, while appreciating Microsoft for an engineering hub, African Development Centre, worth $200 million.

Receiving the President of Microsoft Corporation, Brad Smith, at the State House, accompanied by the Minister of Communication and Digital Economy, Professor Isa Ali Pantami, the President said:

“I have been informed that the African Development Centre in Nigeria is Microsoft’s first engineering hub in Africa as the current investment stands at about $200 million.

“I have also been informed of Microsoft’s skilling initiative that aims to train five million citizens and provide 27,000 jobs over the next three years.  These initiatives are commendable and I urge you to expand them and continue to prioritize Nigeria as you roll out your global initiatives.’’

President Buhari told the visiting Microsoft team that as the largest economy and most populous country in Africa, Nigeria was positioned to play a strategic role in the global technology ecosystem and seek the right partnerships to harness the potentials.

He said one of such key partnerships was in the area of capacity building.

This administration, according to the President, had shown great commitment in providing conducive environment for investors and the massive jump in the Global Ease of Doing Business Ranking was proof that the efforts were yielding positive results.

“Our emphasis on the development of our Digital Economy has also positioned the sector as a prominent factor in the Nigerian economy.  As the fastest growing sector of the Nigerian economy in 2020, the Information and Communications Technology sector played a very important role in supporting our country to exit the recession triggered by the COVID-19 pandemic.

“We are keen to build on the momentum as we continue to implement our National Digital Economy Policy and Strategy, along with other related policies.’’

Apart from partnership in the area of skills building, President Buhari said he looked forward to further partnerships that will support the digital infrastructure and innovation ecosystem, with regard to emerging technologies.

“I believe that this meeting will provide an opportunity to discuss how the Nigerian government can support the growth of your business here and how Microsoft can contribute to the growth of our economy through the active support of our policies and programmes,’’ he added.

 President Buhari said he launched the Nigerian National Broadband Plan on the 19th of March 2020, with the aim of expanding broadband access across Nigeria and Microsoft’s connectivity initiative aligns with the plan.

 “I believe it would be very useful and mutually beneficial to both Microsoft and Nigeria if your connectivity project is expanded beyond the current four locations in this country.

“Emerging technologies play a key role in digital transformation in the Fourth Industrial Revolution and a number of indigenous companies have developed very useful solutions. We are willing to partner with Microsoft to make Nigeria the epicenter for innovative emerging technology in Africa.’’

The President commended the Minister of Communications and Digital Economy and all industry stakeholders for their support for the sector.

“In order to sustain the momentum, I further direct that you and other stakeholders in the technology ecosystem keep government fully informed of your ongoing and proposed activities that support the growth of our digital economy.

“We have the potential of becoming your most lucrative market in Africa.  As such, we urge you to continue to support the development of our digital economy. We also urge you to step up your Corporate Social Responsibility programmes and support for Research and Development that will enhance your services in Nigeria and on the African continent,’’ the President said.

In his remarks, the Minister of Communications and Digital Economy said he represented President Buhari at the commissioning of the African Development Centre, adding that Microsoft had over 200 Nigerians working for them in the country, and Seattle.

Prof. Pantami noted that 320,000 Nigerians have also been trained on digital skills by the technology company.

The President of Microsoft and Vice Executive Chairman said the company will keep creating jobs to help build technology that will change the world, noting that  the “multi-tasking approach’’  also stretches to digital infrastructure.

“We pledge to train five million people in Nigeria in the future,’’ Smith said, noting “60,000 people had already enrolled for courses while 300,000 had completed various courses.’’

The President of Microsoft said the company had gone into partnership with other companies to increase Internet and broadband penetration, while efforts have been advanced in innovating technology that will fight corruption and preserve cultural heritages, like languages.

Femi Adesina
Special Adviser to the President
(Media & Publicity)
April 1, 2022




 

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