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

IT'S NOT TOO LATE TO DISCONTINUE LAGOS-CALABAR HIFHWAY PROJECT- PETER OBI ADVISES TINUBU. (PHOTO).


 It’s not too late to discontinue Lagos-Calabar Highway project – Peter Obi advises Tinubu


Former presidential candidate of the Labour Party, LP, Mr Peter Obi, has slammed President Bola Tinubu’s administration for going on with the controversial Lagos-Calabar coastal highway project in defiance of public outcry.

He expressed displeasure that the government is embarking on a project threatening jobs at a time of rampant unemployment.

According to him, it’s not too late to discontinue the Lagos-Calabar highway project, adding that urgent necessities are nationwide security, poverty eradication, healthcare, and education, especially for the poor and underprivileged.

Obi described the reported demolition of businesses and residences in the designated right of way for the project as insensitive and heart-wrenching.

He lamented that livelihoods are being wiped away, lifetime investments wasted, and jobs disappearing as a result of the demolition.

In a post on his X handle on Tuesday, the former Anambra State governor said that the hasty flag-off of the project defies the widespread outcry by the public, especially business and property owners directly affected by the project.

He said: “Contrary to reason and the necessity for compassion in public policy, the federal government has commenced the controversial Lagos-Calabar coastal highway project.

“The outcry against this project has been overwhelming due to the current situation in the country. However, reports as of yesterday indicate that demolition of businesses and residences in the designated right of way for the project has commenced from the Lagos end.

“The sight of this insensitive demolition is heart-wrenching. Livelihoods are being wiped away, lifetime investments are being wasted, and jobs are disappearing as bulldozers roar through. The homes of the elderly are being overturned by the power of bulldozers.

“This hasty flag-off defies the widespread outcry by the public, especially business and property owners directly affected by the project. Nobody knows the outcry that will accompany this project as it progresses towards poor rural landscapes.

“Thousands of jobs are about to be lost, with investments above $200 million at risk. Over 100,000 jobs in the leisure and hospitality sector face imminent extinction, along with 80 small businesses and their 4000 mostly youth employees.

“At a time of rampant unemployment, the government is embarking on a job-losing project. The economic losses currently observed are primarily limited to the initial kilometers in the Lagos area.

“However, the 700 km stretch of this road will pass through rural regions where affected individuals lack the voice, power, or influence to assert their rights. Significant sections of the public have questioned the process preceding the project’s approval, yet the government remains deaf to reason and caution.

“While acknowledging the economic value of the road, its conception dating back to Tafewa Balewa’s time, several parameters have changed. Insecurity and poverty are rampant, placing this project lower on today’s national priorities.

“It’s time to question the rationale and timing of this and similar projects. The nation is in its worst economic state in history, with poverty and hunger spreading. The basic necessities of life are beyond reach for most Nigerians.

“This is a moment when a committed government cannot embark on non-essential projects. Existing highways urgently need maintenance, and insecurity makes travel unsafe.

“Just a few days ago, many lives were lost, and over 70 vehicles were burned in a fuel tanker explosion that occurred on the East-West road in Rivers State. This tragic accident was primarily caused by the extremely poor condition of the road, which has been neglected for years and urgently needs attention. Our economy is struggling, and our health institutions are ill-equipped. Why embark on an expensive new highway project when there are close to 50 abandoned federal highway projects across the country?

“The urgent necessities are nationwide security, poverty eradication, healthcare, and education, especially for the poor and underprivileged. It’s not too late to discontinue the Lagos-Calabar highway project.

“We cannot afford another expensive abandoned project. Nigeria’s urgent development needs are more real and essential. We do not need landscape decoration escapades.”

Comments

  1. This posturing by OBI has brought down his political significance to all.Only God knows what has gone wrong in his head.This man is losing steps along the way.Faultering and stumbling.

    ReplyDelete

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