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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PORT HARCOURT REFINERY: YOU ARE NOT AN ENGINEER- PRESIDENT TINUBU REPLIES OBASANJO.(PHOTO).

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Port Harcourt refinery: You are not an engineer - President Tinubu replies Obasanjo

President Bola Ahmed Tinubu has chided ex-president Olusegun Obasanjo over his comments on the petroleum refinery in Port Harcourt, Rivers State.

LIB had reported that Obasanjo granted an interview with TheCable where he disputed claims made by the Tinubu administration that the Port Harcourt refinery will start working in December 2023.

 Obasanjo was of the opinion that the nation’s refineries would never function efficiently as long as they remained under government ownership.

“Someone told me Tinubu said refineries would work by December. I told the person the refineries would not work. This is based on the information I received from Shell when I was president,” he had said.

Reacting to Obasanjo's statement via his Senior Special Assistant on Media and Publicity, President Tinubu said Obasanjo is not an engineer, therefore he shouldn’t be making such comments.

 

“Former President Olusegun Obasanjo, with due respect to him, is not an engineer. He’s not the engineer working at the refineries. So, the engineers and the NNPC gave the president a report and they have said that it will work by December this year,” he had said while speaking on Daily Trust space themed: ‘Analysing the First 100 Days of President Tinubu’.

We still have like four months to go. I will say that with all due respect to the former president, who is an elder statesman and our father, that what he said is his personal opinion and view. I will rather rely on the judgment of the engineers who are working at the refinery. So, I think we should wait until December.”

In August, President Tinubu had said the petroleum refinery in Port Harcourt would start production by December 2023 after the completion of the ongoing rehabilitation contract between the Nigerian National Petroleum Company Limited (NNPCL) and Italian firm, Maire Tecnimont SpA.

The resuscitation of the refinery, if completed as promised by Tinubu, will lessen Nigeria’s reliance on oil importation and dependence on foreign refineries.

NNPCL said it has been working to revamp the refineries, which were shut down entirely in 2021 and produced little or no fuel over the past decade.

 

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