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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PRESIDENT TINUBU APPOINTS NEW FGN POWER COMPANY MANAGEMENT TEAM. (PHOTO). #PRESS RELEASE

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STATE HOUSE PRESS RELEASE


PRESIDENT TINUBU APPOINTS NEW FGN POWER COMPANY MANAGEMENT TEAM



In recognition of the critical role of power supply in driving enterprise and industrial development, and as a part of comprehensive efforts to reform the power sector and ensure energy security for all Nigerians, President Bola Tinubu has approved the appointment of new members of the management team of the FGN Power Company Limited. 


(1) Managing Director/Chief Executive Officer (CEO) - Kenny Osebi Anuwe (reappointed)


(2) Company Secretary/Legal Advisor - Prof Mamman Lawal (reappointed)


(3) Chief Technical Officer (CTO) - Ebenezer Olawale Fapohunda


(4) Chief Commercial Officer (CCO) - Babatunde Daramola Oniru


(5) Chief Financial Officer (CFO) - Julius Oyekola Olabiyi


The President anticipates that with the full constitution of the management team, the FGN Power Company Limited will work assiduously to realize the core objectives of the Presidential Power Initiative (PPI) in close collaboration with Siemens Energy through a holistic overhaul, modernization, and expansion of the national grid and other critical measures to ensure the growth of the Nigeria Electricity Supply Industry (NESI).


Chief Ajuri Ngelale


Special Adviser to the President


(Media & Publicity)


March 1, 2024

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