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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I WON'T BENEFIT FROM FG'S REINSTATEMENT OF INTELS CONTRACT-ATIKU.(PHOTO).

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I won’t benefit from FG’s reinstatement of Intels’ contract — Atiku

The 2023 presidential candidate of the Peoples Democratic Party, Atiku Abubakar, says he won’t benefit from the Federal Government’s reinstatement of Integrated Logistic Services Nigeria Limited boat pilotage monitoring business.

Nigerian Ports Authority, in a letter by Port Manager, Charles Okaga, dated November 30 addressed to all shipping companies, announced the reinstatement of Intels as the Authority’s service boat operation monitoring provider in the pilotage districts.

The letter partly read, “This is to kindly inform you that sequel to the Presidential Directives dated 18th August 2023 and the consent Judgment of the Federal High Court, Lagos dated 21st of September 2023, the Authority has extended the Service Boat Operation Contract between it and Intels Nigeria Limited.

“Further to the above and to support the Authority’s and Federal Government’s drive to increase revenue generation from the Service Boat Operations, Messrs. Intels Nigeria Limited has been directed to resume services immediately. This is in line with the terms of the extended contract contained in the Managing Agency Agreement conveying the scope of Services, in addition to the obligations of the Agent.”

Some Nigerians had alleged that President Bola Tinubu had reinstated the Former Vice President’s business in Intel.

Debunking this in a statement via his official Facebook page on Sunday, Atiku explained that he sold his shares in Intel in January 2021 to Orlean Investment Group, the parent company of Intels.

The PDP presidential flagbearer added, “The phased sale of those shares that commenced in 2018 peaked in December 2020. Intels also made public my exit from the oil and gas logistics company, meaning that a different entity now owns those shares I sold.

“My divestment from the company that I co-founded has not been reversed. Consequently, I cannot, by any stretch of the imagination, be a beneficiary of the reinstatement of the boat pilotage monitoring business that was taken away from Intels by the Federal Government.”

He described the insinuation that he’s a beneficiary of the decision to rescind the cancellation of the contract between Intels and the Federal Government as untrue and mischievous.


 

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