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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OIL EXPLORATION IN MIDDLE BENUE TROUGH WILL LEAD TO GREATER PROSPERITY, ENERGY SECURITY, PMB DECLARES AS EXPLORATION ACTIVITIES BEGIN IN NASARAWA STATE.(PHOTOS).#PRESS RELEASE.

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OIL EXPLORATION IN MIDDLE BENUE TROUGH WILL LEAD TO GREATER PROSPERITY, ENERGY SECURITY, PRESIDENT BUHARI DECLARES AS EXPLORATION ACTIVITIES BEGIN IN NASARAWA STATE

 


President Muhammadu Buhari on Tuesday declared that the discovery and drilling of oil in Nasarawa State will lead to greater prosperity for Nigerians as well as enhance overall energy security for the country. 

 

In his virtual message to the official spud-in of the Ebenyi-A Well located in the Middle Benue Trough, in Obi Local Government of Nasarawa State, the President said the surrounding communities would particularly benefit from the value created by the exploration and eventual production activities.

 

The President directed NNPC Limited and its partners to take due care of the environmental consequences of these oil exploration activities and to mitigate the negative effects.

 

He thanked the Government and people of Nasarawa State- the host community- for their unfettered support and collaboration towards the success of this exploration campaign.

 

The President recalled that the official commencement of drilling activities in the Middle Benue Trough is in line with ongoing campaigns for the exploration of crude oil and gas in the Nation’s Frontier Basins.

 

He listed the Chad Basin, Dahomey Basin, Anambra Platform, the Calabar Embankment, Sokoto Basin, Bida Basin, Benue Trough as well as the Ultra-Deepwater Niger Delta as areas where NNPC is extending its crude oil exploration.

 

‘‘This is consistent with the commercial discoveries of hydrocarbons in the Kolmani Area of the Upper Benue Trough.

 

‘‘I am pleased to note that activities are currently ongoing to develop the Kolmani petroleum discoveries to commercial production to add to the nation’s considerable hydro-carbon assets.

 

‘‘I am encouraged by the enormous work done by NNPC Limited to exploit the prospects in the Middle Benue Trough, leading to the event of today.

 

‘‘I congratulate NNPC Limited, the Nigerian Upstream Petroleum Regulatory Commission and other partners for their immense contributions towards making this day and this event possible,’’ he said, directing Governor Abdullahi Sule of Nasarawa State and Group CEO, NNPC Limited, Mele Kyari to spud on his behalf.

 

Femi Adesina

Special Adviser to the President

(Media & Publicity)

March 28, 2023.


 More photos below. 



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