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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NIGERIANS KEEP FREEZERS ON FIR DATS DUE TO LOW ELECTRICITY TARIFF, SAYS ADELABU. (PHOTO).

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 Nigerians keep freezers on for days due to low electricity tariff, says Adelabu


Adebayo Adelabu, minister of power, has criticised Nigerians who keep their freezers and air conditioners on when they are not home.


Adelabu, while addressing journalists in Abuja on Thursday, said Nigerians lack the culture of power consumption management due to its affordability.


“The bitter truth we all need to tell ourselves as Nigerians. A few people are just privileged to sit on the high table. We’re on the same level, we must be able to tell the truth to ourselves,” he said.


“We don’t have the culture of consumption management in this country in terms of power, just of the cheapness of the tariff we pay for power.


“A lot of people will come back from work, they want to have dinner, or they want to see their colleagues down the road, they switch on the AC for the room to be cooling before they come back.


“Some people will be going to work in the morning, a freezer that you left on for days, they will still leave it on when all the items in the freezer are frozen and 5, 6, 8 hours of their absence will not make it to defreeze, they will still leave it to be consuming power just because we are not paying enough.


“We have all been overseas before; we know how conscious the power consumers are about electricity consumption.”


On Wednesday, the Nigerian Electricity Regulatory Commission (NERC) approved an increase in electricity tariff for customers under the Band A classifications.


The regulator said customers who receive 20 hours of electricity supply daily will pay N225 per kilowatt (kW) from April 3.


The new rate is about triple the previous rate of N66 per kilowatt (kW).

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