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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NIGERIA GOVERNOR'S FORUM REJECT SALE OF 10 POWER PLANTS.(PHOTO).

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Nigeria Governors’ Forum Reject Sale Of 10 Power Plants, Sue Buhari's Govt 

The Nigeria Governors’ Forum has rejected the sale of 10 power plants and headed to court to stop the move of privatisation of the plants by the Federal Government.

The NGF disclosed that its lawyers have moved to prevent the regime of the President, Major General Muhammamadu Buhari from selling those power plants which are under the National Integrated Power Projects.

The Niger Delta Power Holding Company, which is owned by the federal, state, and local government councils, is a power generation and distribution company that oversees the implementation of the NIPPs.

The 36 state governors through their chairman, Governor Aminu Tambuwal of Sokoto State released a statement on Wednesday, November 23, 2022, after a teleconference meeting held on Tuesday to express their displeasure over the FG’s move.

The statement partly read, “The Forum, following its advocacy that the proposed privatisation of 10 National Integrated Power Projects (NIPPs) by the Federal Government of Nigeria (FGN) should be stopped, instructed its lawyers to approach the Federal High Court which, at present has issued a court order restraining all the parties in the suit from taking any step or action that will make or render the outcome of the motion on notice seeking for interlocutory injunction nugatory.


 

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