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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NIGERIA EXPERIENCES FIRST GRID COLLAPSE IN 2024.(PHOTO).

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 Nigeria Experiences First Grid Collapse In 2024


Nigeria is currently witnessing a national blackout as national grid has collapsed.


The grid collapsed at 11:21am on Sunday.


The situation led to shut down of all 20 power plants, except Ibom Power with 31 megawatts.


While confirming the incident the Management of Abuja Electricity Distribution Plc (AEDC) said the power outage was as a result of a system failure from the national grid “at 11:21 hours today, 4th February 2024 which has led to a nationwide power outage.”


While appealing for patience among its customers, it assured that it is working with the relevant stakeholders to restore power as soon as the grid is stabilized.

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