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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V.P. OSIBANJO AT THE FLAG OFF OF OGUTA/ORASHI RIVER FREE TRADE DEVELOPMENT ZONE PROJECT IN IMO STATE. (PHOTOS).#PRESS RELEASE.

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His Excellency,  Vice President, Professor Yemi Osibanjo flags off Oguta/Orashi River Free Trade  Development Zone Project in Imo State


THIS PROJECT IS THE GAME CHANGER - VICE PRESIDENT, PROFESSOR YEMI OSIBANJO 


AS UZODIMMA EXPRESSES OPTIMISM FOR THE ECONOMIC BOOM

The Federal Government has lauded the expansion of the Imo State economy through the Orashi Free Trade Zone project embarked upon by the Imo State Governor, Distinguished Senator Hope Uzodimma. 

The Vice President described the Oguta/Orashi project as the "game changer for Imo State, Nigeria, and the West Coast of Africa". He further disclosed that it is one of a kind project with benefits that have always been glaring.

According to the Vice President, we all owe Governor Hope Uzodimma gratitude for bringing hope to our Nation and our Sub-region. 

He urged the Governor to keep up the good work in attracting more development for the State and the Nation through his purpose-driven governance and leadership. 

The Vice President disclosed that the project will fulfill the promise of radical sea route transformation from Imo State to the Atlantic Ocean, which will not only be beneficial to the state's economy but the economy of the South-East, the Nation, the Region, and to all people. 

The Imo State Governor, Distinguished Senator Hope Uzodimma in his address, expressed confidence and optimism for the economic boom through the full realization of the project. 

According to the Governor, this project alone can make the South-East region a robust self-sufficient economy. 

The Governor added that the project will checkmate Crude Oil thefts and illegal bunkers which will save the collective wealth of the State and the Nation. 

The Governor commended President Muhammadu Buhari for many generous acts, especially this recent approval for the declaration of the Orashi River as an Oil and Gas Free Trade Zone and the proposed Sea route from Orashi River, Degema to the Atlantic Ocean. 

He also appreciated the Vice President for being part of the joyous celebration with Ndi Imo.

He further promised that the Shared Prosperity administration will establish industrial clusters around the region especially industries that will use the Gas deposits in the State, which will further trigger industrial development in the region. 

More photos below. 













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