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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FG TO STRENGTHEN BILATERAL RELATIONS WITH CHINA.(PHOTOS).

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FG TO STRENGTHEN BILATERAL RELATIONS WITH CHINA



Federal Government in its efforts to actualise the Administration's 8-Point Agenda of Renewed Hope, has pledged its commitment to strengthen bilateral relations with the People's Republic of China for deepened economic cooperation that will be mutually beneficial to both countries. 

Vice President, Kashim Shettima, represented by the Minister of State, Ministry of Steel Development,Uba Maigari Ahmadu, stated this at the Mid Autumn Festival and Chinese National Day Celebration held in Lagos.

The Minister reiterated Federal Government's commitment to strengthening economic cooperation with China that will lead to expanding trade opportunities and exploring new avenues for investment and technological cooperation. Noting that the Chinese business relationship with Nigeria will bring greater socioeconomic benefits to both nations. 

He stressed the need for  better investment climate, improved infrastructure development, eased business conditions that will open more opportunities in Steel Development, Agriculture, Renewable Energy, Technology as well as Communication. 

He emphasized Federal Government's readiness to ensure responsible business practices that will further deepen the collaboration, as according to him, engaging in responsible business practices is crucial for long-term success. 
          
The Commercial Consul at the Chinese Consulate, Mr. Guo Pengwen disclosed that both countries have bilateral trade relationship.

 According to him, Nigeria ranks third in bilateral trade and second in trade and importation. 

Mr Pengwen noted that the exchange of goods and services had diversified Nigeria's export base and strengthened overall economic stability in sectors such as infrastructure development, telecommunications, agriculture, energy, manufacturing, and transportation.

He added that these projects had not only improved Nigeria's transport networks but also created employment opportunities and enhanced connectivity within the country.

More photos below. 




 

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