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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LAGOS-CALABAR COASTAL ROAD: DEMOLITION OF BUILDINGS BEGINS SATURDAY. (PHOTO).

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 Lagos-Calabar Coastal Road: Demolition Of Buildings Begins Saturday


The Federal Government says the demolition of buildings on the right of way of the Lagos-Calabar Coastal Road will begin on Saturday.


The Federal Controller of Works in Lagos state, Korede Keisha, made this known during a press briefing in Lagos on Thursday.


She asked all those whose houses were marked for demolition to come to the Ministry’s Secretariat in Lagos to sort out whatever process was required by the ministry.


She said the demolition squad would move in on Saturday to begin the removal of the marked properties.


The Minister of Works Dave Umahi recently said the Lagos-Calabar coastal road construction will cost N4bn per kilometre.  


The 700 km Lagos-Calabar coastal road will be constructed for N15 trillion, and a kilometre of the road will cost N4 billion. It is designed to connect Lagos to Cross River, passing through Ogun, Ondo, Delta, Bayelsa, Rivers, and Akwa Ibom states, before culminating in Cross River.


The project has been heavily criticised by many Nigerians including the presidential candidate of the Labour Party (LP) in the 2023 elections, Peter Obi, who described it as a misplaced priority by the Federal Government. Also, former Vice President Atiku Abubakar had described the project as a fraud, a comment which was refuted by the Presidency.


But Umahi has dismissed the criticisms and said the comments are a “gross misrepresentation of facts, and figures and a ploy to mislead Nigerians by darkening counsel without knowledge”.


“He (Atiku) doesn’t understand figures. I am going to run figures for him to understand, and he will understand how prudent the administration of President Tinubu has been. He will understand how prudency is taking the centre stage in this administration,” the minister was quoted as saying in a statement by his spokesman, Uchenna Orji.


“The President has once queried me on the cost of on-going projects nationwide. I had to analyse every basic rate of construction materials to arrive at our unit rates. I showed it to Mr. President. He still thinks I should bring down the cost of projects.”


He also said the road will be completed in eight years.

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