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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GOV. UZODIMMA LAUNCHES THE IMO STATE INDUSTRIAL POLICY.(PHOTO).#PRESS RELEASE.

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GOV. UZODIMMA LAUNCHES THE IMO STATE INDUSTRIAL POLICY 



In a bid to make Imo State an investment and Industrial hub that will grow the economy of the State, His Excellency, Distinguished Senator Hope Uzodimma has launched an Industrial Policy.

The Industrial Policy which serves as a roadmap of Industrialization was launched at the Sam Mbakwe Exco, Government House for the promotion of economic growth and development of the State.

In his address, Governor Uzodimma disclosed that the Shared Prosperity administration has again made an audacious step in *its* determination to put Imo firmly on the roadmap to economic growth and prosperity. 

According to the Governor, the Industrial Policy is "designed to offer fresh, pragmatic and actionable insights into the State's thinking and approach to industrialization".

He pointed out that the flagged-off Hope Green Revolution project yesterday, is an economic stimulus plan that buys into the investment opportunities presented by climate change to promote enterprise and investment in the State. 

He further disclosed this has guaranteed the State 10 Billion Dollars in foreign direct investment. 

He expressed the commitment of the State Government to make the industrial policy work for all. 

Speaking earlier, the UNIDO Regional Director and
representative to the Economic Community of West African States (ECOWAS), Mister Jean B. Bakole, explained that the Industrial Policy is unique, as it is designed to drive Imo State’s industrialization through key, existing and emerging subsectors that have been adjudged as economic catalytic engines that will help to drive the State’s development plan for employment-generation and propel shared prosperity. 

According to him the existing key industrialization sub-sectors in the State are agro-industry and agri-business, oil, and gas, minerals processing, tourism, and hospitality, while the emerging key subsectors are digital economy, fabrication, and renewable energy. 
More photos below. 















 

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